Consumer Credit Reports

Consumer Credit Reports to help minimize the risk of small business credit lending

Often, very little credit information is available for new and small businesses. To help minimize risk, creditors ask for personal guarantees and use the owner’s personal payment habits as an indication of how the business is financed and how it will meets its obligations. Getting to know the owner’s credit history is key to making an informed decision about the company’s ability to meet obligations. Is the owner living within his/her means? Is there a bankruptcy in the past? Are there a lot of outstanding debts? To help our members access credit information on the owner of a business, NACM can provide a consumer credit report.