Based on Veda analysis, small businesses appear to be relatively more credit active than other businesses in the market place. In particular, businesses with 5-50 employees are the most credit hungry, accounting for 12% of businesses but 50% of commercial credit enquiries. These businesses also appear to be most at risk as they represent 61% of those businesses that go into external administration.To enable confident lending to an increasingly important part of the business market, Veda has developed Australia’s most comprehensive small business scoring solution.
- Improve your approval accuracy levels,
- Lower your risk exposure,
- Reduce your expenses; and
- Make better decisions, faster.
Find out how to increase revenue in the small business sector while reducing your risk with our scoring solutions by contacting Veda today. Call 1300 921 621 or visit veda.com.au.
