“We view this [Bqual] as an educational tool to allow the small business owner to be smarter,” said Mike Rozman, Co-President of BoeFly. Jim Blasingame, The Small Business Advocate, chimed in and said, “And I didn’t realize you could actually get this, so congratulations on making this available. For the first time, we can kind of lift the hood of all this credit scoring mystique, this mystery that is out there and see what the banks are considering because most banks won’t tell you what the credit scoring elements are.”
Within the small business realm the hope is that borrowers can become more educated before starting down the small business financing path.
Listen to the full interview here