Enigma's New Commercial Loan Metrics Tool: 'Get The Small Business Economy Humming'

Enigma, a data science company building the future of small business intelligence, announced this week the release of a dashboard to quickly view insights into commercial loan metrics. The move provides the small business community with a valuable resource to understand and benchmark their performance against peers.

Enigma delivers data for facilitating business onboarding, compliance checks, and credit underwriting. To benefit the community it serves, Enigma embarked on the painstaking journey of sifting through Federal Financial Institutions Examination Council data, which is typically too complex for businesses to access, interpret, and act on.

The newly released tool allows users a glimpse into the standing of the commercial lending economy. Crucial metrics surrounding bank balance sheets, interest income, liabilities, exposure to Treasuries, loan issuance, charge-offs, and past-due loans are revealed.

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Hicham Oudghiri, co-founder and CEO of Enigma, explained the motivation behind this initiative, stating, "We released an enhanced view into commercial loan metrics from financial institution examination reports to make banking data clear and understandable. The goal was to provide insights into small business banking trends and offer a free benchmarking tool for the community."

"Our motivation stemmed from the past year's volatile credit climate and regional banking crises, recognizing the need for clarity in assessing bank health," he added.

Enigma, founded in 2012 and formally launched in 2013, has been at the forefront of transforming data into actionable intelligence for the business community. Based out of New York and Los Angeles, the company's mission is to reconstitute the model of the real economy by building a comprehensive understanding of private businesses.

The free tool extends Enigma's commitment to supporting the small business community alongside its core offerings.

As Hicham emphasized, "We are here to get the small business economy humming because it’s the economy's main growth driver."

To access the commercial loan metrics tool and explore Enigma's comprehensive data solutions, visit enigma.com.

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Photo: Enigma