Young entrepreneur Madison Glover owns a popular garden center in Des Moines with her business partner. Sales are good and they want to expand by adding space to sell handmade outdoor furniture created by a local artisan. Assessing the risks of small businesses is a challenge. Credit data alone doesn’t tell the whole story. Lenders need to evaluate small business owners as well.
Madison’s credit union approved her loan quickly because it had access to alternative data on Madison, her partner and the business:
Get the big picture view of your small business applicants.