#cash-flow-underwriting

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#worker-owned-cooperatives #cooperative-lending #cdfi-loan-loss-reserve #alternative-credit-scoring
Brooklyn
fromBrooklyn Eagle
1 week ago

New loan product expands credit access for Brooklyn worker co-ops

A Brooklyn credit union launched loans up to $100,000 without personal guarantees for worker-owned co-ops, using cash-flow underwriting and a $1M loan-loss reserve.
Business
fromwww.housingwire.com
3 months ago

Plaid launches LendScore for better credit risk insights

Plaid's LendScore uses real-time cash-flow and digital financial data to improve credit-risk prediction and reduce losses for lenders while lowering borrowers' interest costs.
fromTearsheet
6 months ago

How Petal founder Andrew Endicott proved alternative credit works, and what he's betting on next - Tearsheet

The credit industry is shifting how it evaluates borrowers. Traditional credit scoring has left over a billion people without access to financial services, but lenders are increasingly turning to alternative data-bank transactions, spending patterns, real-time financial behavior-to make more informed decisions about creditworthiness.
Venture
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