Category: Small Business Lending
July 5, 2024
Impact of Regulation 1071 on Small Business Lending in 2024
In 2024, small business lending faces a transformative shift with the introduction of Regulation 1071. This regulation aims to enhance transparency and credit access for minority- and women-owned businesses. While it presents opportunities for improved loan availability and fairer credit evaluations, it also poses challenges.[...]
October 26, 2023
Empowering Small Business Lending with FICO SBSS and Experian Integration
It's critical to have the capacity to evaluate creditworthiness promptly and precisely in the environment of small business lending. The integration of FICO's Small Business Scoring Service (SBSS) with Experian's extensive credit data has transformed the lending process for small and medium enterprises (SMEs). This[...]