Who owns SBFE?

Who owns SBFE?

Established in 2001, it is member-owned by small business lenders—think of it as a membership-only Goodwill for small business data. Members of the SBFE contribute data on small businesses they work with, and in exchange they can access credit reports generated by SBFE certified vendors.

What does SBFE stand for?

predictive Commercial lending. The Small Business Financial Exchange, familiarly known as SBFE, is a trade association striving to be the trusted advocate for the safe and secure growth of small businesses.

What is SBFE credit report?

The Small Business Financial Exchange is a nonprofit association that gathers payment data. This data is then accessed by certain authorized agencies that use it to create business credit reports and credit scores for small businesses.

Is SBFE a credit bureau?

SBFE is not a commercial credit bureau and does not create or sell business credit reports or provide scores.

What banks report to SBFE?

Dun & Bradstreet, Equifax, Experian and LexisNexis Risk Solutions are the SBFE-approved commercial credit reporting agencies who develop risk products using SBFE Data exclusively for members.

What are the 3 business credit bureaus?

Dun & Bradstreet, Experian and Equifax are the “big three” business credit bureaus that generate business credit reports. However, each commercial credit bureau looks at the information they gather in a slightly different way, which can make understanding business credit reports a bit confusing.

Does SBFE report to credit bureaus?

– SBFE is not a credit reporting agency and does not self-create or sell commercial credit reports or scores. Instead, SBFE has designated the credit report and score building to a specific group of approved SBFE Certified Vendors to create these reports.

What banks are part of the SBFE?

Does Chase report to Dun and Bradstreet?

No issuer is required to report data to credit bureaus. Right now, American Express, Capital One, Chase, and Citi all report to Dun & Bradstreet. Chase and Citi also report to Experian and Equifax. But Capital One also reports to Experian.

What banks report to Dun and Bradstreet?

1 of the 3 available secured business credit cards reports to Dun & Bradstreet: Wells Fargo Business Secured Mastercard. All major secured credit cards report to the three consumer credit bureaus: Equifax, Experian and TransUnion. D&B, Experian and Equifax are the three major business credit bureaus.

Who reports to Duns?

Early or on-time payments are reported by vendors and creditors. Larger vendors like Home Depot do this automatically. Otherwise, you can ask them to report early or on-time payments or pay Dun & Bradstreet to collect the information themselves. the past 2 years, with 100 being the best.

Does Amex report to Sbfe?

Does American Express Report to Credit Bureaus? American Express only reports only negative activity to Dun & Bradstreet (D&B). They do report to the Small Business Financial Exchange (SBFE).

What is SBFE®?

The Small Business Financial Exchange, familiarly known as SBFE®, is a nonprofit trade association striving to be the trusted advocate for the safe and secure growth of small businesses. We do this by gathering and protecting the largest aggregation of small business payment data in the US today and leveraging…

What is SBFE’s Board of directors?

The number of small business lenders that comprise SBFE’s Board of Directors. It’s these numbers that provide security, accountability, advocacy, and the overall strength of SBFE as a trade association and advocate for small business lending.

How does SBFE protect my small business data?

SBFE Members contribute their small business data to the SBFE Data Warehouse™ where it is stored and SBFE’s data protections begin. SBFE is an independent third party, governed by the small business lending industry, which protects the data from uses other than intended purpose.