Business Lending

Powering the best fintech solutions and providers

Win more business and reduce loss rates

Underwriters need complete, current data to assess a business’s repayment capacity accurately. However, manual data collection processes stand in the way.

Optimize data collection to cut costs

Automate the collection, processing, and analysis of financial information. Accelerate time to funding and reduce underwriting costs to grow team output.

Improve applicant experience

Offer customers a frictionless application process, and get the data you need when you need it. Eliminate the hassle of chasing customers for financial stability checks.

Prevent defaults and reduce loss rates

Monitor customers’ financial performance and understand their ability to repay quickly. Prevent delinquencies and proactively engage customers eligible for credit line increases.

Previously, our salespeople would spend anywhere from 1-2 hours analyzing and inputting data into our credit application. Now, this process takes just a few seconds.”

James Burr Head of Change at Novuna Business Cash Flow

Off-platform data for business lending

Get easy access to banking and accounting data to optimize underwriting capabilities.

Data you need, where you need it

96% of businesses with over 50 employees are willing to share data to access credit. With Codat’s simple flow, they can do it in minutes—speeding up applications and saving you time.

Scale underwriting activity

Retrieve borrower data in a standard format via API, spreadsheet, or through our loan management system partners. Data is formatted and organized so credit teams can spend less time on manual processing.

Get a complete view of your customer

Access financials directly from customers' accounting platforms and bank accounts, updated as needed. Monitor cash flow & runway to assess repayment capacity and adjust limits to optimize credit use.

Explore our specialized features for business lending

Codat comes pre-built with capabilities to give you a complete end-to-end solution without needing multiple providers.

Categorized Bank Statements

Codat leverages millions of SMB accounting and banking datasets to bring the data to life. We enrich transactions with accurate categories and payment provider detail, providing deeper insights while simplifying calculations of key metrics, like profit margins.

Standardized Financial Statements

Get financial statements categorized by machine learning trained on data from over 100,000 businesses. Track trends in cash, profit, and assets, which are trending over time, to judge financial stability.

In-depth Payables & Receivables

Live access to payables, receivables, sales, orders, and inventory from 16 commerce platforms. Codat verifies invoice payments using customer banking data to help catch fraudulent claims.

A comprehensive solution for SMB lending

Codat provides a complete toolkit to help small business lenders analyze financial data at scale.

Customer story: Novuna

“Codat provides real-time insights, replacing outdated quarterly checks—often lagging by 30–45 days—with a daily, up-to-date view of performance.”

Customer story: TP24

"Codat helped us eliminate 40 hours of weekly data processing for client services, reducing our cost to serve customers."

Resources