Red Spectrum and Factiiv: A Partnership That’s Redefining Business

Small businesses today face tighter lending standards, rising interest rates, and an overwhelming reliance on personal credit. According to the Federal Reserve, nearly 40% of small business loan applications are rejected due to poor or limited business credit profiles.

Building business credit has traditionally been a confusing, slow, and opaque process. Red Spectrum, a business credit-building platform, has partnered with Factiiv to simplify how small businesses build, track, and showcase their financial credibility.

Key highlights:

Real-time visibility into Net 30 accounts, credit utilization, and payment histories

Transparent business credibility profiles that can be shared with lenders, vendors, and partners

Monthly reporting of account performance to help strengthen business credit profiles

Educational resources and roadmaps to accelerate business funding readiness

A growing movement toward greater data ownership and financial transparency for entrepreneurs

Rather than relying solely on traditional credit bureau updates, businesses can now take a more active role in managing and demonstrating their financial trustworthiness.

This collaboration reflects a broader shift in how business credibility is being built and measured in today’s economy.

Learn more about the Red Spectrum + Factiiv partnership: https://theredspectrum.com

Comments URL: https://news.ycombinator.com/item?id=43826770

Points: 1

# Comments: 0