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PayNet, Inc.
5750 Old Orchard Road, Suite 250
Skokie, Illinois 60077

847-745-6092 | 847-965-9828 fax
Email: bphelan@paynetonline.com
Website: www.paynetonline.com

Contact:
William Phelan
President
847-745-6100
bphelan@paynetonline.com

General Information

Type of Business: Small-Business Credit and Risk Management

In Business Since: 1999

Trade Associations: Equipment Leasing and Finance Association

Description:

PayNet provides small business information to all commercial lenders serving the small business market. PayNet has created a members-only database of over $550 Billion in lease and loan contracts. PayNet utilizes this term-debt information to provide predictive information tools in the form of Credit History Reports and Pooled Scoring Models that lower lender risk, reduce costs of manually processing loans and enable lenders to approve more loans. PayNet’s small-business capabilities range from historic credit-reporting and automated credit-scoring to detailed strategic business reviews that include portfolio risk measurement, default forecasting, peer benchmarking and critical industry trend analysis.