I wonder if anyone knows a sflg supplier that uses this system?

[AndiC_UK]

The following came from http://www.hm-treasury.gov.uk/media/...rim_report.pdf

"
2.20 Scoring systems that use financial account information or that are based on the
flow of funds through an applicant’s current account clearly lend themselves to
established businesses. Assessing the viability of an application from a start-up with no
track record is more difficult. Some banks are beginning to develop scorecards which
can be used to assess applications from new entrepreneurs, based either on their
personal account behaviour or on characteristics of the entrepreneur and their business
proposition. However, these developments are still at an early stage. Start-ups are often
required to provide a cash contribution to the business before a bank is prepared to
lend. In the bank’s view, this shows commitment on the part of the entrepreneur to the
success of their venture as well as providing an equity base on which to leverage debt.
"

I wonder if anyone knows a sflg supplier that uses this system?

regards

Andrew

[Martin]

It's not the sort of information they release. (Otherwise everyone would know or find out how to abuse the system)

I'd stick my neck out and say everyone on this list ( http://www.dti.gov.uk/sflg/listoflenders.html ) uses some kind of scorecard system.

But if I had to pick one, then HSBC, because they have a large US presence where this has been happening for quite some time.

regards,

Martin