Alternative data provides unique insight into credit risk throughout the customer life cycle.
Traditional credit data has long been the determinant of a business’s credit risk. That practice works best for well-established businesses that have a substantial credit history. But many small and new businesses have minimal credit history. If that lack of data makes them ineligible for credit, you could be missing out on an exciting opportunity to empower that business, increase inclusivity and grow your portfolio.
LexisNexis® Small Business Attributes combines credit data from the Small Business Financial Exchange, Inc. (SBFE) with alternative data from LexisNexis® Risk Solutions to create a more reliable and nuanced view of a small business. This unique combination gives you the competitive advantage of actionable risk assessments on many thin-file and no-file small businesses.
Identify underserved small businesses
Grow your portfolio
Minimize risk exposure
Maximize small business growth opportunities and add to your bottom line
Expand market scope
Alternative data helps qualify many small businesses that might otherwise be overlooked.
Improve credit assessment
Identify small businesses with potential to grow and extend more competitive offers.
Be aware of changes in customer profiles so you can jump on opportunities to cross-sell or protect against risks.
Small Business Attributes delve into unique data insights beyond the traditional credit data for a clearer picture of a business’s creditworthiness.
Factor risk into credit decisions throughout the customer life cycle
Reach out to small businesses that could be good prospects and might otherwise be overlooked.
Boost approvals and profitability by extending competitive offers to qualified small businesses.
Monitor customers for changes in risk profile and take mitigation action when warranted.
Enhance perspective with business and owner insights
Small companies tend to have close ties to their owners or authorized representatives. To be thorough in assessing credit risk, you should consider the financial stability of not only the business but also its authorized representative. LexisNexis® Small Business Attributes with SBFE Data™ looks at both, including details such as a business representative’s assets, properties, derogatory information and source activity.
30M small businesses, 100M accounts and 20+ years of historical data since 2001
10,000+ sources of public records, proprietary information and alternative data files
B2B tradeline data:
Records of transactions between the business and its vendors
Any bankruptcies, judgments and liens for the business and its representatives
Increase credit clarity with alternative data
Learn more about how 370+ model-ready predictive Small Business Attributes can fill knowledge gaps.
Small Business Attributes provided by LexisNexis is not provided by “consumer reporting agencies” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and does not constitute a “consumer report” as that term is defined in the FCRA. Small Business Attributes may not be used in whole or in part as a factor in determining eligibility for credit, insurance, or employment or for any other eligibility purpose that would qualify it as a consumer report under the FCRA.
Due to the nature and origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified.