Nav, formerly known as Creditera, has a new big name on its small business lending platform: Bank of America. The companies announced Thursday (Dec. 15) that Bank of America will now be providing SME loans and financing services through the Nav platform. Nav specializes in both consumer and small business credit scoring, enabling lenders to assess creditworthiness for borrowers on the platform. According to the company, the addition of Bank of America now means Nav offers the most SME business financing options in a single platform. “We are proud to partner with Bank of America, giving business owners even more ways to access the financing they need,” said Nav CEO and Cofounder Levi King in a statement. Read more: pymnts.com
