Capitalise and Experian launch Credit Review Service to support small businesses through the changing economic landscape

Capitalise has today announced the latest development in its partnership with Experian, as it launches a new business service to help thousands of UK SMEs take positive steps towards better financial health.

Through Capitalise’s Credit Review Service, powered by Experian, small businesses1 now have the ability to quickly improve their business credit score using new, relevant information, including data from their management account and debtor book. Working with a team of expert analysts, customers will determine whether newly submitted information will result in a positive outcome2within five working days.

The service also offers small businesses a far more comprehensive and detailed insight into their current financial position, allowing them to review their current score, and find areas where they may be able to improve it. It also provides easy access to valuable tools and resources to help them confidently manage their credit score going forward.

Paul Surtees, Co-founder and CEO at Capitalise said: “When we launched Capitalise in 2016 our primary goal was to connect SMEs with the funding that was right for them. But we always had the ambition to do more, and the pandemic showed us clearly that small businesses needed help and support to build better financial health.

“Small businesses have had a tough ride, with the forecast for more uncertainty on the horizon. By giving them the relevant tools and resources, through the Capitalise Credit Review Service, we aim to help provide some of the stability they need to ride out whatever lies ahead.”

James McGarva, Managing Director of Business Information at Experian UK&I, said: “SMEs have been working hard to build a road to recovery in the wake of the pandemic. But doing this against a backdrop of economic uncertainty raises many challenges, including the ability to withstand future change.

“By combining Capitalise’s reach and expertise with our unrivalled commercial data, we hope to help more SMEs take control of their finances and build much-needed financial resilience which will help their businesses prosper over the months and years ahead.”

A business credit score is the measure of a business’s creditworthiness. It is made up from a number of factors designed to give lenders an overview of the financial position of a business and its level of financial risk. Business credit scores range from 0 to 100, with 0 representing a high risk and 100 representing a low risk. They are one indicator lenders use to assess businesses seeking growth funding.