Cashbloom® doesn’t look at businesses the same way traditional financing institutions do. While most banks look at personal debt to income ratios or traditional credit scores as the main indicator for a decision, we created our own proprietary scoring technology – Bloomscore®.
We analyzed years of data and thousands of businesses that we have funded to create our own proprietary scoring technology. By understanding trends and recognizing an array of data points and the interactions between the data points, our technology helps recognize risk and assists our underwriters with the decision-making process. Additionally, by assessing the business’s cash flow Bloomscore even determines the business’s affordability capacity with respect to the payments and consequently assists in the pricing and terms.
Utilizing cutting edge technology is necessary to be efficient and innovative but we are firm believers that the human element is an important part of this process and therefore throughout the entire process every business owner will have a dedicated underwriter to review all the information and a dedicated funding coordinator to answer all your questions.
We have always been a relationship business; now we are a relationship business with cutting edge technology!