Forum CreditPal
Reassurance that your business is being properly credit-assessed
 
57% of businesses expect to receive and provide more financial information with their trading partners this year*. Can you afford not to always have standardised, validated and up-to-date financial information to send to your finance and credit providers?
 
We know that access to finance and credit is a key challenge for many businesses, whether bank loans or trade credit from an important supplier.
 
If you feel your business is being unfairly denied credit or finance, it can seem like there's no way to challenge these decisions.
 
Forum CreditPal helps you to access the finance and credit your business deserves by letting you securely submit the standardised, validated and up-to-date financial information that your finance and credit providers need to properly assess your business.
 
Benefits to members
  • Challenge rejected business loan applications
  • Contest ‘unfair' credit rating assessments of your business
  • Safeguard trade credit lines from individual suppliers
  • Protect existing business loans under threat
  • Strengthen applications for new business loans
  • Preserve trade credit insurance cover for your business
  • Assess alternative finance options available to your business.
How ‘Forum CreditPal' strengthens your case
Often, credit and finance issues occur because of a lack of understanding of the current financial health of your business. For example:
  • Out-of-date information – your business is being judged on accounts filed at Companies House from the challenging economic conditions of the previous year.

  • Insufficient information – financial information that you provide may be missing key details or may not be in the preferred format.

  • Unvalidated information – providers of finance and credit may be unwilling to rely on financial information that you have provided if it has not been independently verified.
Powered by CreditPal, Forum CreditPal is an online platform that complements your accounting software, letting you securely submit financial information to your finance and credit providers so they can properly assess your business.
 
Additional benefits to members
  • Access your accounting data online, whenever you choose
  • See your ‘Quality of Accounts' score in an instant
  • Investigate and correct potential errors in your accounts
  • Build financial reports over months, quarters or years
  • Check KPIs, ratios and emerging trends in your business
  • Search your entire accounts for topics of interest.
Forum CreditPal is offered to members as part of the Forum of Private Business's partnership with Doing Business Together, a not-for-profit group made up of established business organisations that have committed to helping SMEs with their credit and finance issues.
 
Watch a demo of Forum CreditPal below:
 
 
* Source: Accountancy Age