article thumbnail

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

Some lenders – as well as the Small Business Administration, which provides a partial guarantee on some loans made by lenders – have also incorporated third-party credit scores like those produced by Dun & Bradstreet, which use propriety predictive models that contain a blend of personal and business data to better assess borrower risk.

article thumbnail

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

After all, isn’t the customer’s voice relevant if you are going to finance a plumber or restaurant? In August, OnDeck announced an IPO valued at $1.5 New entrants to small business lending have been taking this blended model even one step further.