So far, 2015 has been a busy year for product development and enhancement at BCR. Over the past few months, we have brought many new enhancements to our product line.
The FICO Score-Three digits that have a big impact on most Americans’ financial life. FICO Scores are used in a large percentage of lending decisions. For the first time since 2009, FICO (formerly known as Fair Isaac Corporation) released a new version of its scoring algorithm called FICO Score 9. It contains several changes to how the score is calculated. This new formula offers hope to consumers whose credit reports contain certain types of negative information.
Holtmeyer and Monson, a company that helps community banks, credit unions and other lenders offer small businesses access to capital through SBA loan programs has partnered with Business Credit Reports. The partnership will enable their clients to report their SBA loans to the credit bureaus.
D&B has announced that it will be purchasing D&B Credibility Corp. for $320M. Pending regulatory approval, the deal should close by the end of May 2015. Upon completion, D&B will form a new division, D&B Emerging Businesses, which will incorporate leading technology and data solutions along with various business assets, to offer new products and solutions to emerging businesses.
The Senate Committee on Small Business and Entrepreneurship recently approved the Small Business Lending Reauthorization Act of 2015. The bi-partisan bill strengthens the SBA’s main lending program, the 7(a) loan program. It increases the program’s lending authority for 2015 to $20.5 billion and 2016 to $23.5 billion.
Vendor selection is a strategic decision that can make or break your business. One of the biggest questions that you need to answer when selecting a new vendor is, “Can this vendor perform when I need them?” Another is, “As my business grows and my needs expand, will this vendor be able to grow with my business?”
We've added a Google Maps view to all of our reports to show the business from satellite view.