Money Buzz 6/01
Banks get the skinny on loan applicants, gold as the online currency of choice and employees' 401(k) trading activity
By C.J. Prince •
Opinions expressed by Entrepreneur contributors are their own.
The More They Know
Business owners with good credit, rejoice; overextendedborrowers, beware. The Small Business Financial Exchange fromEquifax is putting a lot more information at lenders'fingertips about their prospective borrowers by pooling data fromparticipating lenders. That means loan officers can find out fromother financial institutions just how much business owners owe, inwhat form-general loans, credit cards or leasing agreements-andwhether they're making good on payments.
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