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On Deck: Small Business Credit Score

Published: 5/20/2011 7:55:10 AM


Small businesses of all kind usually need financing and lenders these days are leery of high risk, low dollar amount loans.

On Deck is a company founded in 2006 to provide startups with a business credit score developed with the credit reporting company Equifax.

The score takes into account a variety of customer, financial, employment and demographic data. Potential lenders can then access this profile in order to assist them in underwriting loan. Lenders have an incentive to use the system because it reduces their costs in evaluating smaller loan amounts.

If your business is in need of debt financing, On Deck may make it easier to find.

VentureDeal

 

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Don Jones
CEO, VentureDeal

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