LexisNexis® Small Business Credit Report

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Assess the Creditworthiness of Small Businesses Using Alternative Data

Drive portfolio growth while managing risk.

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:

  • Account origination
  • Underwriting
  • Exception-processing activities
  • Term optimization
  • Account and portfolio management

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.

Benefits

The LexisNexis® Small Business Credit Report provides you with the information you need to make informed business lending and onboarding decisions.

  • See data on small businesses with little or no borrowing history
  • Be more confident in gauging risk
  • Segment risk with a detailed view into a business’s financial stability
  • Optimize lending terms based on a business applicant’s profile and credit risk
  • Improve lending outcomes

Features

  • Non-FCRA product
  • Available via online data and API
  • Applies sophisticated linking technology and analytics to connect the dots
  • Offers a robust picture of a small business
  • Insights on more that 32.2 million U.S. business entities
  • Data comes from 10,000+ sources including many alternative sources
  • Includes small and new businesses that may be “invisible” in traditional credit sources
  • Find out about any bankruptcies, judgments, and liens

Want to know more? Contact a salesperson for details today.

1. https://pieinsurance.com/blog/small-business-resources/how-many-small-businesses-are-there-in-the-us

More Information

LexisNexis® Small Business Credit Report Overview

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The LexisNexis® Small Business Credit Report services are 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 do not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, the LexisNexis® Small Business Credit Report service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used under the FCRA.

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