The details and current status of data requests submitted through the Data Request Help Desk page can be seen here.


Lack of access to SBA loan data

Request #13932

closed
Submitted on Saturday November 28, 2015 at 11:45 am

Historically, lenders have evaluated the creditworthiness of borrowers -- and underwritten loans to these borrowers -- by mining bank statements, tax returns, financial statements and credit reports, often using a pen, calculator and spreadsheet. This is an antiquated process with limited potential for scalability. But, online lenders are analyzing troves of public data -- such as Yelp reviews, Facebook likes, and BBB ratings -- to build algorithms that can mathematically assess a borrower's creditworthiness in ways that are certainly additive to their underwriting process if not outright determinitive. The federal government could go a long way toward accelerating predictive modeling in this sector if it made its data on small business loan performance through the Small Business Administration's loan program -- and its network of 5,000+ lenders -- publicly available without personal or business identifiers.


Response

SBA is working on this request, will be publishing this data in the next quarter to the public.