The Small Business Financial Exchange, Inc.

“Created by small business lenders for the small business lenders” The Small Business Financial Exchange, Inc., or SBFE®, is a non-profit trade organization for small business lenders that advocates for the safe, blind exchange of small business financial data.  SBFE’s give-to-get requirements, data use safeguards, governance and compliance oversight provide SBFE Members peace of mind […]

Read More >

Close

“Created by small business lenders for the small business lenders”

The Small Business Financial Exchange, Inc., or SBFE®, is a non-profit trade organization for small business lenders that advocates for the safe, blind exchange of small business financial data.  SBFE’s give-to-get requirements, data use safeguards, governance and compliance oversight provide SBFE Members peace of mind knowing their sensitive business customer account information is protected.
Formed in early 2001 by small business lenders, SBFE was the first, and remains the only, independent industry-governed consortium of its type.  SBFE sets the standards by which other give-to-get exchanges are compared.  SBFE is not owned or run by a commercial credit bureau, and SBFE Members continue to own the data they submit to SBFE and the SBFE Data Warehouse™.  Our Board of Directors is made up of twenty-one Member elected representatives and our subgroups are open to all Members.
The Small Business Financial Exchange, Inc. has four primary objectives:
  • Promote the growth and health of the small business credit industry and success of small business enterprises through enhanced access to credit, while protecting the interests of creditors, small business owners, and approved data vendors.
  • Oversee the operating rules and standards that protect its Members’ data and control of its use by others.
  • Establish reporting standards and operating practices that insure the highest data quality, data integrity, and data security.
  • Provide effective self-governance as an independent organization that is a trusted advocate on behalf of the industry and guardian of SBFE Members’ data.
As the most trusted exchange in the industry, the SBFE Data Warehouse™ has grown to contain information on an estimated 24 million businesses and is the most robust source of small business credit data in the U.S.  SBFE Data™ may only used for risk management purposes under SBFE’s industry established reciprocity rules or to provide our Members insight into overall business credit behaviors.
SBFE is not a commercial credit bureau as it does not compile business credit reports, risk scores or any other type of report on individual businesses.  However, an approved SBFE Certified Vendor™ is allowed to build risk management products such as business credit reports, scores and other risk management services to sell to SBFE Members.  However, SBFE strictly prohibits its Members’ data from being used to build or augment marketing lists or for target marketing purposes.  SBFE’s independent oversight actively monitors SBFE Certified Vendors and Members use for compliance with SBFE’s Data Use Restrictions.

Close
  • SBFE Adds Its Third Certified Vendor

    The Small Business Financial Exchange, Inc. Board of Directors has approved Equifax, a credit-reporting agency, as the newest SBFE Certified Vendor™.  Equifax now joins SBFE’s current Certified Vendors, Dun & Bradstreet and LexisNexis Risk Solutions.  Under the agreement, Equifax is able to provide continuity of its SBFE Data-driven products and solutions to SBFE Members without Members needing to contribute data outside of the SBFE Data Warehouse™.

    “Enabling robust product options through multiple delivery channels while providing our Members the convenience of managing a single data feed that is protected by the industry’s most robust data protections are the primary drivers in the industry creating SBFE’s new business model,” said SBFE CEO Carolyn Hardin-Levine.

    Tom Madison SVP & GM, US Commercial Services & Corporate Chief Client Officer said, “We believe small businesses are one of our nation’s most powerful and promising assets.  With the inclusion of SBFE Data in our solution set, we’re pleased to bring our clients the most comprehensive network of data and insights in the industry, engineered to increase access to capital and services for those businesses.”

    This announcement sparks a different type of relationship between the two organizations. Equifax will now build and deliver product from SBFE Data provided by the SBFE Data Warehouse. “SBFE is pleased to have Equifax as a Certified Vendor.  We look forward to this step in SBFE’s evolution to serve SBFE’s Members and the small business community in collaboration with our Certified Vendors,” says Hardin-Levine.

  • 2017 Annual Member Meeting

    Planning is underway for the 2017 Annual Member Meeting being held in Charlotte, NC.

    Please plan on joining us at the Omni Hotel, March 7-9 2017.

    More details to come!

     

  • Network with Members on LinkedIn!

    Are you an SBFE Member? Join SBFE’s private Member network on LinkedIn and connect with other small business lending executives accross the country.  Share ideas, post questions or newsworthy items and network with peers.  Join now at SBFE on LinkedIn.