Nov
13
2013

Experian and SBA Renew Agreement To Provide Valuable Business Building Tools to HUBZone Firms

 

HUBZone Certified Firms Eligible for Full Access To BusinessIQ Express℠ Compliments of SBA and Experian

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Experian Business Information Services yesterday announced that we have renewed our agreement with the U.S. Small Business Administration (SBA) to provide all of the SBA’s Historically Underutilized Business Zone (HUBZone) firms and small businesses within the SBA’s 8(a) business development program with full access to BusinessIQ Express℠.

BusinessIQ Express is an online tool that enables small businesses to improve cash flow by providing the resources they need to better manage their business relationships quickly and easily. It does this in three key ways:

Evaluate - BusinessIQ Express users can evaluate prospects, customers, suppliers and partners on their likelihood to pay or deliver on time.

Monitor - Users can easily monitor their business relationships with alerts and notifications of key changes, allowing them to take appropriate account actions and maintain beneficial relationships

Collect - The tool offers small-business users unique options that may never have been easily accessible to them before to help collect on outstanding debts and avoid future losses

Thanks to our partnership with SBA, these businesses will continue to have uninterrupted access to key tools and resources that will help them grow a sustainable and profitable venture.

“We are proud to continue our relationship with the SBA, as both parties remain dedicated to looking for ways to help alleviate the pressures that socially and economically disadvantaged firms face as they try to grow their businesses,” said Hiq Lee, president of Experian’s Business Information Services. “By ensuring that these firms continue to have access to BusinessIQ Express, it will enable them to gain deeper insight into their business relationships and make more informed decisions.”

The SBA’s 8(a) HUBZone programs were developed to reflect their commitment to supporting small businesses nationwide. The 8(a) program helps socially and economically disadvantaged firms become more competitive in the business marketplace through specialized training, counseling and marketing assistance. Designed to stimulate economic development and promote job growth in urban and rural communities, the HUBZone program helps small firms in these areas obtain contracting opportunities that they otherwise may have been overlooked for. This renewal gives these businesses a powerful resource to help them meet business obligations and improve profitability.

How To Participate

Certified 8(a) and HUBZone businesses should send an email to the SBA accepting the BusinessIQ Express service at cashflowoptin@sba.gov, where they will be verified and then enrolled into the service. For more information about BusinessIQ Express, visit www.BusinessIQexpress.com/SBA.