Creditworthiness, or the ability to repay debts on time and in the manner envisaged, is a key factor in accessing the financing necessary for companies to develop their activities.
The creditworthiness of a company is assessed primarily on the basis of the information contained in the SIC (Credit Information Systems), IT archives that contain the data on the loans requested and provided by the banks. In particular: type of credit and phase of the request, expected repayment plan, progress of payments, residual debt and any data related to recovery activities or disputes.
In addition to this information, industry and economic data – especially financial statements, indicating the health status of the business – and information from public sources, such as the Chamber of Commerce, related to to the company, both to members and to its members.
It is thanks to this information – based on the good credit history of the company, without necessarily requiring additional guarantees – that banks and finance companies can correctly manage the process of disbursement of loans, limiting excessive risks and avoiding the over-indebtedness of those who request credit.
Good creditworthiness allows businesses easier access to credit. Not only that, as an indicator of the company’s solidity and its economic situation, it also fosters greater confidence on the part of possible investors. It is therefore a fundamental element for a healthy, transparent and conscious economic management.
To help companies better manage their credit situation, Mister Loan has developed Advanti Business : an online consulting service that allows you to check the credit history of your company – also useful for knowing its credit potential – and provides a global assessment of the company based on credit data, presence of public information and sector / economic data.