Stand number: I18
Contact Name: Caroline McDonald
The AABF and Logical Glue have created a database called LendSmart that has been built to help make better lending decisions in the interests of both businesses seeking funds and lenders themselves. LendSmart is a database of Personal Guarantee data enabling lenders, to have an insight into the contingent liabilities of prospective borrowers' guarantors.
AABF members will both contribute anonymised data and be able to access the database to enable them to make more informed lending decisions. Looking forward LendSmart has the potential to a range of data points that will help lenders address other challenges such as fraud.
Sectors: Funder Services