Equifax Inc. (NYSE: EFX) and the Small Business Financial Exchange, Inc. (SBFE) announced today that SBFE has extended Equifax’s exclusive contract to manage its database through the end of 2012.
The SBFE is a member owned, not-for-profit corporation which counts among its members the nation’s leading small business lenders, credit card companies and leasing companies. Founded in 2001, the SBFE joined with Equifax to address the industry’s need to access detailed payment information on commercial customers and prospects.
Equifax provides SBFE members with information on more than 24 million small businesses in the U.S., including banking, credit card, and leasing credit information. Equifax also supplements the reports with demographic information, vendor and supplier payment history, as well as business public record data. Over the past three years, the SBFE has more than doubled the number of trade lines in its database and has more than tripled its membership
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