Expand your small business market share through improved risk decisioning.
The flourishing small business market represents incredible opportunities to capture new market share and increase profits. Finding accurate decisioning information on small business performance and credit history can be a challenge. You need to understand the creditworthiness of both businesses with traditional payment histories and those with limited financial footprints, and uncover potential risks associated with authorized representatives or derogatory events.
LexisNexis® Small Business Credit Report combines credit data from the Small Business Financial Exchange, Inc. (SBFE) with Alternative Data from LexisNexis® to create a more inclusive snapshot of a small business and help your business extend more offers, optimize terms and avoid risk.
Benefits
- Provides intelligence for faster, more profitable decisions across the lending lifecycle
- Covers 25% more businesses than any other provider, including more small businesses and new businesses
- Increases the scoreable small business population by as much as 60%
- Expands your addressable market by assessing businesses with traditional payment histories, limited credit histories or no credit footprint
- Reduces risk exposure by differentiating between businesses within similar credit bands with a detailed view into their financial stability
- Identify >60% more scoreable businesses than using credit data alone
- Enables you to optimize terms by targeting the businesses with the best profit potential by strengthening segmentation
- Improves risk visibility of thin-file and no-file businesses
- Adds 5 years of risk decisioning history to your evaluation
- Uncovers additional assets that can indicate stability and ability to repay
- Reveals hidden overlaps with consumer populations, clarifying the company’s relationship to individuals
Features
- Delivers a complete picture of a small business in an easy-to-interpret, illustrated report
- LexisNexis® Alternative Data is aggregated from more than thousands of sources that include business registrations with state and local governments, points of contact, address details, assets, property ownership, firmographics and derogatory public records on bankruptcy, judgments, liens and more
- Provides business type (e.g., franchises), firmographics (e.g., estimated revenues and number of employees) and characteristics on the location(s) and operations
- Provides extensive real estate, property and license information
- Reveals stability, including the basics such as the length of time registered and in good standing with government sources, the length of time at an address and general business activity
- Infers the ability to repay based on property ownership, assets and pledged collateral
- Exposes derogatory events such as bankruptcies, judgments or liens
- Pinpoints locations to reveal a broader view of the business’ operating structure
- Available online and via XML
Get it now: For more information about Small Business Credit Report with SBFE Data, call 1-800-953-2877.