Credit Passport

The products are enabled by open banking technology and regulated by the FCA, to provide SMEs with the ability to present a more accurate picture of their financial performance and viability. Crucially, the products also make it possible for lenders to produce faster, more informed lending decisions. The comprehensive suite of products includes:

• Pre-Crisis Funding Credit Report: Provides an SME with a certification of their credit quality at a fixed date of 1 Feb 2020, pre the impact of the pandemic. It demonstrates to lenders and other institutions an SME’s financial quality before the crisis, as well as eligibility and impact so that they can make quick and accurate lending decisions – vital during this crisis when each day matters.
• Covid-19 Liquidity Calculator: Generates three different funding requirement scenarios for an SME to consider in order to maintain solvency through the pandemic. It includes a comprehensive analysis of the SMEs cost base and projected revenue loss during the crisis.
• Credit Passport Improve and Share: To secure new business by showing you are a trusted and reliable partner or understand how your financial profile compares to other companies in your sector.
• Funding Application Portal: Reduces the admin burden for SMEs by providing an interactive filter that immediately identifies cost savings initiatives and available funding options for their business, including relevant government support schemes.