Small businesses are the golden opportunity for commercial lenders. They represent almost all businesses in the American economy. And, small businesses need access to capital and resources to grow and thrive. However, many small businesses have a limited credit profile and are difficult to identify on a financial “map.” Credit scores for businesses are complex because they use varying techniques and information. Lenders can leverage commercial payment performance data to help provide information on how a business is paying (or not paying) its financial obligations.
But it only paints part of the picture. What if lenders also had access to extended data and attributes that help better predict risk and stay ahead on default rates? Learn how commercial banks and lenders can use the Commercial Financial Network to help increase predictability and offer more profitable small business loans.