UPDATE: As of April 2021, Divvy reports customer payment behavior directly to Dun & Bradstreet, in addition to the Small Business Financial Exchange (SBFE®).

As part of our mission to make money smarter, Divvy reports customer credit performance to the Small Business Financial Exchange (SBFE®). That means you can use Divvy to build credit history and credit score for your business simply by paying on time.

What is the Small Business Financial Exchange?

SBFE is a nonprofit trade association that gathers and protects the largest aggregation of small business payment data in the U.S. It’s not a credit bureau and doesn’t provide credit scores or credit reports. Governed by the small business lending industry, the association makes business data available for approved Certified Vendors.

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, Equifax, Experian, and LexisNexis Risk Solutions.

How do Certified Vendors get and use your data?

As an SBFE member, Divvy reports your balances and payments to SBFE monthly. Other SBFE members who access and report small business data include the 10 largest U.S. business card issuers and 12 of the top 15 commercial lenders.

Through the SBFE Data Warehouse, the association securely shares your data with Certified Vendors, who combine your Divvy account history with data reported by other SBFE members and public data to create a credit report and credit risk score for your business.

SBFE members—including banks, credit unions, credit card issuers, and other lenders—rely on data and analytics from Certified Vendors to offer loans or extend credit to small businesses. SBFE data represents more than 38 million small and micro businesses dating back to 2001.

Is SBFE data secure?

Business data reported by Divvy and other financial institutions is reported through the SBFE Data Warehouse where it’s securely stored and protected from any use outside the intended purpose.

To learn more, reach out to your Divvy Growth Executive or visit sbfe.org.

Divvy is a free expense management company here to help you Spend Smarter. Find out more about the Divvy platform by signing up for a demo today.

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