Coast now reports customer credit performance to the Small Business Financial Exchange (SBFE®). When you pay your Coast card bill on time, you help build credit history and improve your company’s credit score.
Why is business credit important?
A strong business credit score helps save money and improve cash flow by getting better interest rates, loan terms, and opportunities to secure financing.
About the Small Business Financial Exchange (SBFE®)
SBFE is a nonprofit trade association that gathers and protects the largest aggregation of small business payment data in the U.S.. Governed by the small business lending industry, the association makes business data available for approved Certified Vendors. 10 of the top 10 commercial banks contribute data to SBFE.
Who are SBFE Certified Vendors?
According to SBFE, “Certified Vendors must undergo a rigorous certification process and ongoing oversight designed by the industry in order to receive this designation.” Certified Vendors include:
- Dun & Bradstreet
- LexisNexis Risk Solutions
Many top financial institutions are SBFE members, including:
- American Express
- Bank of America