The SBFE is a trade group that aspires to be a trustworthy voice for the safe and secure development of small businesses.
They do this by gathering and safeguarding the largest aggregation of small business payment data currently available in the United States, as well as using the data's ability to assist the banking community in constructing a true and accurate picture of small business credit health.
Essentially, they collect data from members and then interpret it.
Membership in the SBFE
The SBFE affiliates include small business lenders and various forms of businesses.
They give the SBFE their commercial output info, which is kept private and not used for marketing purposes.
The SBFE then normalizes this information so that they can allow more accurate comparisons.
SBFE Members and Data
There are approximately 135 participants, including 420 total portfolios, of which traditional financial lenders account for 69 percent.
These massive figures contribute to the SBFE's status as a small business lending champion.
Anyone who has the ability to disclose details about their small business loans to the SBFE is eligible to join.
Members include insurers, credit unions, and alternative lenders, among other financial institutions.
Doing business with trade partners can be beneficial, but it can also be harmful if done incorrectly.
When you do business with SBFE representatives, you eliminate the possibility of not being able to get business credit.
However, if you do not properly handle your company, it would be difficult for the report members to visit you.
Members agree to report both positive and negative information simultaneously.