Small businesses are often called the backbone of the U.S. economy. And for good reason. The U.S. has approximately 30 million small businesses. They comprise 99.9% of all U.S. businesses.1 For lenders, they represent opportunity, but it’s not without risk.
Small businesses are often self-funded in the startup phase. With little or no borrowing history, lenders may not be able to look to traditional data sources to assess a small business’s creditworthiness. It’s not surprising they’re hesitant to take a chance on small businesses when they can’t find any information about them.
The LexisNexis® Small Business Credit Report fills that gap. It uses alternative data sources to fill in the blanks that traditional data sources may not be able to. It provides a clearer view for decisioning on business:
By removing guesswork from the equation, lenders can feel more confident in expanding their portfolio to better support small business customers who show good growth potential.
The LexisNexis® Small Business Credit Report provides you with the information you need to make informed business lending and onboarding decisions.
Want to know more? Contact a salesperson for details today.
Gain a clearer view of no-file or thin-file small businesses with alternative data attributes.Learn More
Expand your market by combining the best credit and non-credit data.Learn More
Expand your small business market share through improved risk decisioningLearn More