CHICAGO, Sept. 3, 2014 /PRNewswire/ -- Liquiditee Financial Corp., a specialty finance firm located in Chicago's South Loop, has announced the operational launch of Liquiditee Score: the company's proprietary underwriting and risk management technology.
According to the company, Liquiditee Score is the most sophisticated small business underwriting technology developed to date. Liquiditee Score uses thousands of data points and performs billions of calculations to model each borrower's risk profile, then, based on each borrower's profile, structures a loan that is optimized for that particular borrower. According to CEO George Souri, "even at major financial institutions, business underwriting is largely done through intuitional check-box methods that can't account for variability and uncertainty. In contrast, Liquiditee Score is able to take a deeper, more sophisticated look at each potential borrower, including how the borrower might change over time and how the environment in which the borrower is operating might affect the borrower's ability to repay the loan, among other things." Souri explains that based on this more robust picture, "Liquiditee Score can more clearly identify the level and nature of risk associated with each loan, then create a loan structure that is optimized to that particular risk profile. It's the difference between navigating using the North Star and a modern-day GPS system."
Liquiditee Score is the product of over 2 years of research and development that brought together financial experts, engineers, computer scientists, and 15 years of lending, economic, and geographic data. "It was a tremendous undertaking," says Souri. "The possibility existed that we would spend copious amounts of time and money only to find out that it can't do what we expected it to do. But we took the risk because we felt that, if the technology succeeded, we could fundamentally change small business financing the way FICO changed consumer credit."
Now that Liquiditee Score is fully operational, the company will focus on growth and serving the millions of small businesses across the country that are seeking quick, convenient, reasonably priced financing.
Liquiditee Financial Corp. provides loans to small and lower middle market businesses. Liquiditee offers financing solutions ranging from $50 thousand to $2 million to a broad range of industries, typically within 5 to 7 business days. Visit www.liquiditeebusiness.com for more information.
James D. Pietrarosso
SOURCE Liquiditee Financial Corp.