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William Phelan of PayNet on How Accurate Credit Data Aids in Defining Risk Tolerance

September 06, 2017, 07:00 AM

VIDEO INTERVIEW: William Phelan, President and Founder, PayNet, Inc. on how accurate credit data provides leasing companies the ability to better define risk tolerance.

William Phelan, President and Founder, PayNet, discusses how accurate credit data provides finance companies the assurance they need in order to provide borrowers more access to capital. According to Phelan, this advanced credit data provides finance companies with greater certainty and confidence when making loans.

In this installment of Equipment Finance Advisor’s Thought Leadership Video Series, Phelan also describes the credit gap among private businesses and why it is difficult for private companies to access capital. According to Phelan, this credit gap is causing many private companies to not invest in their companies, which ultimately can result in a loss in GDP growth.

Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.

William Phelan
President | PayNet, Inc.
William Phelan is president of PayNet Inc., a leading provider of credit data on small businesses in the United States. He serves on the Federal Reserve Bank of Chicago’s Advisory Council on Agriculture, Small Business, and Labor, the board of directors of various industry associations, and the Research Committee for the Coalition for Responsible Business Finance, which he chairs.
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