A powerful suite of risk, compliance, marketing and sales solutions
As a credit lender, you’ll face many challenges in growing and maintaining a healthy portfolio. One of the biggest challenges is getting accurate and comprehensive data on businesses applying for credit. It all comes down to assessing businesses to help you understand if they are financially sound, offer low risk and high return. But how do you determine that?
This is where TransUnion’s Business Solutions come in. We give you a holistic view of not only the business owners but also the business itself, transforming the way in which you extend credit. With our solutions, you’ll be able to extend credit more confidently and drive the profitability of your portfolio.
The main issue with business lending processes in today’s market is that they’re cumbersome due to lack of readily available and consumable data. Without accurate data, it’s difficult to determine the financial health and creditworthiness of businesses.
With the comprehensive data our solutions offer, credit lenders are now easily able to overcome problems, including:
Bank trade information:
Current and historical performance information on business banking relationships for key credit facilities to provide a holistic view of the health of the business from an overall risk perspective. This data comes from Canada’s largest banks, as well as credit unions and other lenders
Trade supplier information:
Exclusive access to trade supplier data for insight into payment behavior on trade supplier relationships
Business demographic information:
This includes legal name and ‘operating as’ company name.
Business firmographic information:
Access SIC & NAIC codes as well as employee size.
National public record data: View public record data, such as legal items, judgements, bankruptcy information, PPSA and collection items.
Business registration information:
Including business legal name, registration number and active status.
Speak to one of our consultants today and get a customer solution that meets your unique business needs