has announced the introduction of its Business Intel Suite
, a set of commercial credit reports and verification services that can help lenders stay on top of the credit status of their business customers. The Business Intel Suite offers lenders credit data that they, in turn, can use to proactively monitor and manage the ever-changing risks and opportunities associated with their business customers.
The Business Intel Suite from Credit Plus is comprised of the following verification tools:
►Business Credit Industry Reports from Equifax: Provides in-depth, customizable credit information so lenders can conduct a thorough financial analysis of a business.
►Business Risk Score from Equifax: Provides business credit and failure scores that are built on pre-recession, recession and post-recession data.
►Business Activity Monitor (BAM) from Equifax: Lets lenders continuously monitor business data using up to 23 monitoring criteria to ensure they have the very latest available information reported on a company.
►Additional Business Verification Services: Credit Plus offers a variety of verification products that can be applied to commercial lending efforts, such as flood reports, 4506-T tax verifications, Automated Valuation Models, appraisals, and more.
“The dynamic nature of businesses is such that companies are continuously expanding and contracting due to financial gains and losses, mergers and acquisitions and capital investments,” said Greg Holmes, Managing Partner at Credit Plus. “As a trusted provider of third-party verification services, Credit Plus is excited to be offering lenders reliable business credit data that they can use to make responsible commercial lending decisions.”