CCB will start to include credit reporting for small business first quarter of 2020.
Professional credit registration for businesses is beneficial to both businesses and lenders. It allows businesses to provide evidence of good credit behavior (which is the case for most of businesses) enhancing the local and international options for business credit at better terms. It also provides a tool to lenders to better assess business in a trusted way using reliable data before issuing credit and to monitor existing credit to mitigate lending risks.
All institutions that issue credit to businesses will be able to sign-up as contributing members and then qualify to subscribe to monitoring services on existing loans.
If you are an institution that issues credit to small businesses and are interested to become a contributing member, please contact us so we can keep you informed.