LexisNexis® Small Business Risk Score leverages our vast repository of consumer and business public records content and applies advanced analytics to create a non-traditional business credit check that includes a blended risk scoring solution to assess businesses that don’t have an established line of credit.
A simple three-digit numeric score is derived from the public records footprint of the business, the business owner(s) and/or the people associated with the business. This predictive risk score gives you an easy indication of the risk and/or profitability potential of your prospects.
This significant segment of the small business market is not only untapped, it's also a group of prospects that are typically seeking trade lines proactively to support their businesses. With this non-credit based scoring tool, your organization can be among the first to accurately assess risk for these ripe prospects. And that can often result in additional product relationships and a group of loyal and appreciative customers.
Confident decision-making when business credit checks aren't enough
LexisNexis Small Business Risk Score merges and analyzes data from filings with the state and federal government, along with compiled information about the consumer, to assess a small business entity's creditworthiness and risk level. What if traditional business credit check information does not exist? Even so, the small Business Risk Score blends asset and derogatory data to generate a creditworthiness picture of both the business and people associated with it. The output score ranks prospects by risk and profitability likelihood so you know whether to pursue or avoid them.
For many lenders, the process of assessing the risk of small businesses is a tedious, time-consuming, manual process. LexisNexis Small Business Risk Score automates and improves the efficiency of the credit granting process, so you can book qualifying small business customers faster.
Get it now: For more information about LexisNexis® Small Business Risk Score, call 800.869.0751.