Hansa makes it easy for commercial lenders to furnish business loan payment information to the credit bureaus (Experian, Equifax).
With Hansa, lenders can offer business credit building and monitoring to their borrowers, requiring only a once-monthly data export from any loan management system (or via API connection).
Borrowers are incentivized to make on-time payments to positively impact commercial credit.
Hansa can turn any business loan into a credit building loan, offering a unique value proposition for borrowers.
Furnishment creates a positive relationship between borrower and lender with monthly events to reinforce it (“Congratulations, we’ve reported your on-time loan payment to help you build your business credit”). The maintenance of this positive relationship increases opportunities for cross-selling and upsell.
Enables borrowers to create and build business credit histories for their businesses. Hansa’s application enables borrowers to see loan payments that have been furnished to the bureaus.
Hansa’s application enables borrowers to access commercial credit reports for their businesses (Equifax), reinforcing the benefits of furnishment by showing their score changing over time.
