A key early initiative for the AABF is for members to create and subscribe to a centralised database for Personal Guarantees that will prevent borrowers over committing themselves and help identify potential fraudulent activity. Capify UK’s MD Tony Pegg, adds,” Capify US was a founding member of the Small Business Finance Association (SBFA), a non-profit alternative lending industry trade association in the United States, that has focused strongly on sharing data to help prevent merchants that have defaulted on SBFA members as well as potential businesses trying to defraud members, saving millions of dollars in potentially bad transactions through the years. The AABF’s proposed PG database system will be a valuable tool for all association members”
