Business Owner Profile & Blended Business Owner Reports

Make sound credit decisions about small business owners.  Extending credit to small businesses can be risky.  Don’t take chances.  Use Business Owner Profile and Blended Business / Owner Reports from Experian to extend credit with confidence.

There are about 24 million small businesses in the United States and 75% are sole proprietorships.  While four out of five new businesses fail in their first three years, that statistic includes voluntary terminations and ownership changes along with bad debt as the cause for “failure”.  In fact, only one out of five businesses fails in its first three years strictly due to bad debt.  You need access to the owner’s personal credit history to make sound credit decisions on these small or new businesses.

It is fairly common for proprietors to leverage their personal assets to meet business obligations.  If a proprietor takes out a home-equity loan, that loan will not appear on a standard business credit report, but will appear on Business Owner Profile.  By using Business Owner Profile Reports, you can avoid the high risk associated with small businesses, while identifying good credit risks and uncovering new account opportunities.

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