The U.S. has nearly 32 million small businesses.1 Many need financing to grow but have difficulty getting loans from traditional lenders. Lenders would like to pursue their business but may lack the necessary insights to determine whether the business meets their lending criteria.
Data on these small businesses and their authorized representatives may be limited or not exist at all because they’re self-financed, newly formed, or too small to register in credit profiles. The good news is that now there’s an alternative to traditional business credit scores that can help inform lenders and allow them to consider small businesses as potential borrowers/clients.
Expand Your Addressable Market
LexisNexis® Small Business Credit Score with SBFE Data™ and LexisNexis® Small Business Blended Credit Score with SBFE Data™ gives you the information and insights you need to score small businesses that have little or no traditional credit information.
Determine whether a small business meets your lending criteria with our small business credit scores. Both are non-FCRA products that help meet your need for intelligence. With the data they provide, you can:
The LexisNexis® Small Business Credit Score with SBFE Data can help lenders confidently lend to businesses that have little or no trade history and have been in business for fewer than five years. They also provide insights into the authorized business representatives and their networks, which is critical information in determining the creditworthiness of the business.
To develop the small business scores, LexisNexis® Risk Solution uses:
Choose from two Small Business Credit Score options:
1. LexisNexis Small Business Credit Score with SBFE Data:
The Small Business Credit Score with SBFE Data predicts the likelihood of serious delinquency, bankruptcy or charge-off within the next 12 months.
2. LexisNexis Small Business Blended Credit Score with SBFE Data:
The Small Business Blended Credit Score with SBFE Data includes risk information on the authorized representative.
Want to learn more? Contact us to find out how our Small Business Credit Score with SBFE data can improve your assessment of small businesses.
The LexisNexis® Small Business Credit Score with SBFE Data™ and LexisNexis® Small Business Blended Credit Score with SBFE Data™ 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 scores 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 score may be used 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. This document is for informational purposes only and does not guarantee the functionality or features of the LexisNexis Risk Solutions products identified. LexisNexis Risk Solutions does not warrant that this document is complete or error free.