The Equifax database processes millions of records every day and with few exceptions is updated on a monthly basis to ensure accuracy. Access member-only comprehensive credit reports with expanded payment performance data and benchmarking. The exclusive data on millions of small businesses gives you a competitive advantage, with information and the latest scores that improve risk decisions on small businesses by 40 percent.
Because this data is a direct reflection of how small businesses interact with large business lenders, many sbfe business report use this report to evaluate your creditworthiness.
Equifax takes that data and creates a report that reflects how sbfe business report business owners make credit card and other loan payments. To ensure small businesses receive the credit they deserve, a summarized version of this data is provided to nonmembers.
They look at business-to-business data submitted by suppliers, historical payment history, public records, and industry data to create what they call a more complete business profile.
As a member, you get access to reports, scores and special offers that are exclusive to the program. They look at the number of credit transactions, outstanding balances, payment habits, how much of your available credit you use, and the details of any current liens, judgments, or bankruptcies to help evaluate your credit.
The Supplier Evaluation Risk Rating: Gain powerful portfolio scoring by three portfolio model types all financial model, commercial credit card model or commercial retail credit card model. The higher your score the better. They also collect trade credit information and data from the public record to evaluate the credit worthiness of a business, but their report is heavily weighted on how a business interacts with banks and other traditional lenders like credit card providers.
There are three major credit bureaus that monitor business credit. Experian Experian is considered by many to be the most balanced of the business credit reporting bureaus because they look at credit information supplied by both lenders and business vendors.
Members include some of the largest small-business creditors in the United States. Your time in business and your business SIC codes along with the size of your business, is part of your Experian point business credit score: The three predictive-based scores are designed to forecast how your business will perform over the next 12 months The Delinquency Predictor Score: This score predicts whether or not a business is likely to pay their bills on time.
This score predicts the likelihood a business will experience financial distress during the next 12 months. This rating predicts whether or not a business might stop delivering goods and services.
Powerful score performance, with the new Small Business Credit Share acquisition model 2. Small Business Credit ShareSM Program Providing small businesses the credit they have earned The Small Business Credit ShareSM program is a consortium of companies that share expanded payment performance data on products like lines of credit; credit cards; loans; leases; and first creditors for emerging businesses such as utilities and telecommunications.
The Financial Stress Score:The SBFE generates data on 24 million+ businesses and sends that data to their “verified partners.” Business credit is reported by the three major business credit reporting agencies: Dun & Bradstreet, Experian, and Equifax.
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.
> Small Business Financial Exchange, Inc.
(SBFE ®) Make informed decisions about small businesses Financial institutions can dramatically improve bottom line results by leveraging SBFE-powered analytics from Dun & Bradstreet across the credit process.
The Small Business Credit Share SM program is a consortium of companies that share expanded payment performance data on products like lines of credit; credit cards; loans; leases; and first creditors for emerging businesses such as utilities and telecommunications.
As a member, you get access to reports, scores and special. Regularly checking your business credit report enables you to know what lenders, service providers and potential partners are learning about your business.
You can then take steps to improve your business credit, if needed, and make it easier to get the financing or credit terms you need for strong business growth. Questions About My Credit Report. SBFE is a not for profit trade association for small business lenders and facilitates the exchange of our Members' business account data to specific business credit reporting agencies that have licensing agreements with SBFE.Download