Assess and monitor small businesses credit risk
Alternative data helps complete the picture of a small business’s financial health.
Credit risk scoring is typically based on traditional credit data. But how do you determine if a business is creditworthy when that data is limited or non-existent, as is the case with most small and new businesses? If you automatically discount those companies, you could be missing out on some solid opportunities. But if you approve them without the data to back up your decision, you could be taking unnecessary risks.
LexisNexis® Small Business Credit Score combines credit data from the Small Business Financial Exchange, Inc. (SBFE) with alternative data from LexisNexis® Risk Solutions to create a more reliable view of a small business. This unique combination gives you the competitive advantage of actionable risk assessments on many thin-file and no-file small businesses.