Founded in 1999, PayNet, Inc. is the leading provider of credit assessments on privately-held businesses to the commercial lending industry in North America. PayNet collects, sorts and analyzes financial data to assess the credit of millions of privately-held businesses.
PayNet’s proprietary database, with more than 24 million contracts valued at over $1.5 trillion, is combined with technology and know-how to form the basis for credit risk products that cross the commercial lending spectrum. PayNet’s Small Business Indices help lenders, regulators and the media understand changing credit conditions for private businesses across the U.S. and Canada.
With a range of financial risk rating tools designed to grow assets, reduce costs, and avoid losses from defaults, PayNet helps banks, commercial finance companies, and alternative lenders expand credit access for private businesses. Scoring products allow lenders to automate and improve their credit decisions. Portfolio management products identify which portfolio segments and target markets are improving or deteriorating.