Commercial credit agency Graydon UK and business data specialist Validis will launch a new credit information service for SME's this summer.
The new service is intended to allow SME's to exercise greater control over the information provided by credit reference agencies to prospective creditors, and improve their access to finance and credit insurance cover.
Information provided to prospective creditors/commercial lenders under the new service will be based on reliable, detailed up-to-date financial data including validated monthly management accounts.
The Federation of Small Businesses has endorsed the new venture, saying that it will help firms needings finance as the economic downturn continues.
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