COSTA MESA, Calif .– (COMMERCIAL THREAD) – ExperientialÂ®, the world’s leading global information services company, today announced that it will provide all small businesses in the United States with free access to their Experian business credit report by May 1, 2020, in order to helping small business owners in need during the impact of the COVID -19 pandemic. By accessing a free business credit report now, small business owners can understand where their credit rating is and research the best loan options for their business before obtaining financing.
To further help small businesses access the capital they need, Experian has also launched its free U.S. COVID-19 Business Risk Index to help lenders and government organizations understand how to make lending options available to segments. salespeople who need it most. This new risk index may help business risk professionals better understand the impact the pandemic can have on business operations based on several key factors. This methodology combines business risk, anticipated impact on industries, and real-time COVID-19 case data to help businesses better simulate various impact scenarios down to the state level to help to develop business strategies.
“At Experian, we are committed to helping small businesses with their financial health and are proud to offer US businesses a free credit report and to give lenders and government organizations access to our new US Business Risk Index. COVID-19 during this unprecedented time in our country. Said Hiq Lee, president of Experian’s business information services. “Experian knows that small businesses are critical to the success of our communities and, ultimately, our economy as a whole. We want to do our part to ensure that small businesses, facing the immediate implications of the COVID-19 pandemic, can access their credit reports for free now so they can better understand what capital is available to them. Our new risk index will also allow lenders and government organizations to help small businesses access the right kinds of capital they need.
Experian is committed to creating opportunities for small business success. As a leading provider of business data and analytics, Experian maintains credit information on approximately 25 million active US businesses and provides comprehensive, third-party verified information on nearly 100% of all US businesses. Experian is a leader in providing predictive data and information to organizations, helping them mitigate risk and improve profitability.
“At Experian, we support the signing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) because it is a big step towards economic recovery. The CARES Act provides grants and loans to small businesses with an unprecedented loan cancellation program. Now more than ever, it’s important for small business owners to monitor changes in their credit score so they can proactively manage it, âsaid Lee.
Small business owners can access their free Experian business credit report here: www.freecompanycredit.com.
To access the Experian COVID-19 US Business Risk Index, please visit: https://public.tableau.com/profile/nicolette.emory5647#!/vizhome/ExperianCOVID-19U_S_BusinessRiskIndex/TableauPublicVersion.
For small business advice and credit training from Experian, please visit: https://www.experian.com/blogs/small-business-matters/.
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