SOUTH JORDAN, Utah--(BUSINESS WIRE)--Creditera today announced it is integrating FICO® LiquidCredit® Small Business Scoring ServiceSM (SBSSSM), a web-based instant credit solution into its online platform. By subscribing to Creditera, small business owners will be able to access and monitor a statistically valid small business score online for the first time.
“This provides small business owners with access to a tool they’ve never had before – a small business score generated by LiquidCredit SBSS,” said Levi King, CEO and co-founder of Creditera. “With so many lenders using the LiquidCredit SBSS to make their lending decisions, it’s important that business owners can see and understand their score. We are excited to give small business owners a real-time look into not only their small business score, but the reasoning and influences behind their score, which includes a mix of credit and other financial data.”
As the first online platform to make both personal and business credit readily available to small businesses, Creditera provides small business owners with a comprehensive view of their credit health. With the LiquidCredit SBSS integration, small business owners using Creditera will be able to gain greater visibility into how this key risk assessment service factors into the lending process.
“The management and growth of a small business often comes down to its access to credit at favorable terms,” said David Vonk, vice president at FICO. “That’s why it’s so important for small business owners to understand how lenders view them and how to build and maintain good credit health. Together with Creditera, that’s what we’re providing small-business owners: industry-standard small business scores and related information needed to monitor their businesses financial health and improve their access to capital.”
The LiquidCredit service, which includes predictive models built specifically to assess small business risk, is widely used by hundreds of financial institutions to make decisions on small business credit.
“Most small businesses are unaware of the premium placed on a credit risk assessment when qualifying for business financing,” said Tim Jochner, CEO and president of Superior Financial Group. “Creditera will provide small business owners with valuable knowledge as they prepare for the loan process. Small businesses need access to capital; this is one more tool that will help them succeed.”
The FICO® LiquidCredit® SBSSSM integration will be available on all Creditera business memberships this January. To subscribe to Creditera, visit http://creditera.com/pricing.php.
Creditera is the industry’s first online platform to consolidate personal and business credit monitoring. Creditera’s subscription service enables small business owners to access valuable insights from both their personal and business credit via real-time monitoring, reports, scores and ongoing alerts. For more information, visit www.creditera.com.
FICO and LiquidCredit, Small Business Scoring Service and SBSS are service marks, trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.