The Credit Union Times article “Sizing Up Small Business Lending” discusses how credit unions are in an ideal position to benefit from SizeUp FI because they need scalable solutions to serve their small business customers. According to the article, “Solutions such as these are timely since credit union members will soon have greater access to capital to start or expand a small business, due to a joint initiative between the U.S. Small Business Administration (SBA) and the NCUA.”
The article further explains that “SizeUp FI is a new service that enables financial institutions to provide members and customers with valuable business intelligence directly through its own website. Using analytics and information gathered from hundreds of public and private information sources, the system analyzes whether a business’ projections are reasonable. The data also helps the financial institution create stronger partnerships with business customers and helps the businesses succeed.”
