The nation's leading credit scoring firm is crafting a product designed to allow banks to offer preapproved credit to small businesses anywhere in the country.

The software, being developed by Fair, Isaac & Co., a statistical consulting firm, could dramatically change the marketing of small-business credit. In much the same way that creditworthy consumers are swamped with preapproved credit card offers, well-run small businesses could conceivably have their mail stuffed with offers of loans.

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