Equifax’s New Solution is First in Financial Services Industry to Offer Exclusive Market Intelligence on Small Business Lending Trends
Small business lending executives are now empowered with the market intelligence necessary to shape their future growth and risk strategies with today’s announcement of Lending Trends Benchmarking(TM) — the first offering from Equifax’s new Small Business Market Navigator(TM) suite of small business financial solutions.
Lending Trends Benchmarking was designed and developed in collaboration with the Small Business Financial Exchange (SBFE), a non-profit association comprised of approximately 400 lenders and the country’s leading source of small business financial credit information. Lending Trends Benchmarking combines rich historical data from SBFE with Equifax’s commercial data and expert business intelligence analysis to create a differentiated product for small business lending executives.
Equifax’s EFX +1.13% unique Data Quality process is conducted on the Small Business Market Navigator data warehouse, giving this solution a high degree of quality in trending key metrics such as growth rate, bankruptcy, delinquency, charge-off, credit utilization and more. Lending Trends Benchmarking is available only to SBFE members.
The Small Business Financial Exchange (SBFE) is the country’s leading source of small business credit information. Established in 2001, this non-profit association’s database houses information on over 24 million businesses, and enables secure information exchange among approximately 400 members who provide small business financing. Source: Marketwatch