Chamber Members "Safer" For Lenders

Chamber Member Businesses Safer for Lending

Members of a chamber of commerce generally possess higher credit scores compared to non member businesses, according to a new study by the American Chamber of Commerce Executives (ACCE). The study was conducted by business credit bureau Cortera and detailed the credit scores and payment behavior of ten local chambers across the United States. Chamber member businesses had an average credit score of 629 compared to a 557 average for businesses at large. “Chamber members have long been seen as responsible and reliable members of their communities,” said Mick Fleming, President of ACCE. “From a credit standpoint, chamber members on average are better businesses, and as a result they have significant advantages in obtaining the funds they need. In this economy and the tight credit environment, that’s especially important!”

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