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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.