underwriting
3 insights

Fifty-Nine Percent of Small Business Debt Is Secured on a Household You Underwrite Once

Three in Four Applicants Already Borrowed Before They Reached You. It Was on Personal Credit.
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Operational intelligence for financial services firms and growing businesses putting agentic AI into production.
Every Lender in a Stacked Position Underwrote It Correctly
One advance takes 10 to 20 percent of daily receipts. Two or more take 30 to 40. Each funder assessed the file in front of it, and the position that kills the merchant exists only across files.
View insight →Fifty-Nine Percent of Small Business Debt Is Secured on a Household You Underwrite Once
Most small business debt is backed by a personal guarantee, which makes a household balance sheet the collateral. Merchants get monitored daily. Guarantors get looked at once, at origination.
View insight →Three in Four Applicants Already Borrowed Before They Reached You. It Was on Personal Credit.
Revolving credit is growing at nearly twice the pace of everything else, and 75 percent of small business owners funded the business on personal credit in the past year, up from 49 percent in 2024.
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