National City Assists Small Business Owners in Making Accurate Credit Decisions

Customers Receive Online Access to Highly Useful Credit Reports



Apr 05, 2001, 01:00 ET from National City Corporation

    CLEVELAND, April 5 /PRNewswire/ -- To help small businesses better manage
 their cash flow, National City Bank is offering 24-hour online access to
 credit reports.  Using the CreditFYI service, business owners can make more
 informed decisions, including extending trade credit to prospective customers.
     Obtaining credit information on a potential customer can be an expensive,
 complicated, and often time consuming process with inconclusive results.
 Through CreditFYI, National City is providing small businesses access to easy-
 to-use credit reports on its Web site, www.ncb4biz.com , through the "managing
 your cash flow" link.
     CreditFYI offers a one-screen summary of a small business' credit history
 and a risk rating that evaluates the likelihood of on-time bill payments. This
 service permits business owners to make decisions based on up-to-the-minute,
 accurate information and helps them manage cash flow while avoiding the
 collections process.
     "Small business customers need just-in-time access to credit information
 that provides a foundation of knowledge and a basis for business decisions,"
 said Mike Price, senior vice president of Small Business Banking for National
 City.
     CreditFYI can evaluate all types of small businesses, but has been
 specially designed for those with annual sales of less than $5 million. Credit
 reports are ordered online for a cost effective price, and are delivered
 within minutes.
     The CreditFYI credit report is often a more comprehensive predictor of
 payment than traditional business credit reports or reference checks. The
 information includes:
 
     * Credit history highlights
     * Past payment schedules and comparisons to the industry average
     * Any unsatisfactory trade credit relationships
     * Collections history
     * Public records (bankruptcies; tax liens and judgments)
     * General information such as the owner's name, phone, number of
       employees, years in business and reported sales
 
     Online Banking Services
     Online banking services for small business customers offer secure access
 to their small business accounts via National City's Web site at
 www.ncb4bizonline.com plus the ability to pay bills, transfer funds, and
 review detailed account information online. Small business owners can review
 deposits, cleared checks and Business CheckCard transactions. The direct
 access via QuickBooks 2000(R) for Windows(R) (or higher) features an added
 benefit that is free to Small Business Online Banking customers.
     Small businesses can now use the National City Web site via an express
 lane that provides one-click access to all of National City's online services
 which include online financial management courses offered 24/7; a news and
 information center that users can personalize; and access to various personal
 products.
 
     Small Business Banking
     National City is committed to giving small business owners the innovative
 banking services they need to grow their businesses and provide for their
 employees. Along with checking and savings accounts, these include specialized
 lines of credit, loans and credit cards, online banking and payroll services,
 employee benefit packages, flexible leasing programs, and Business CheckCards.
 National City is the fifth largest small business lender in the country and
 the No. 1 Small Business Administration lender in its six-state market with
 more than 1,200 branches in Ohio, Pennsylvania, Indiana, Illinois, Kentucky
 and Michigan. Through its Small Business Banking Initiative, National City is
 expanding its Small Business Banking product line and will provide more than
 $1.4 billion in small business loans in 2001.
 
     About National City
     National City Corporation (NYSE:   NCC) is an $89 billion financial holding
 company headquartered in Cleveland, Ohio. Through its subsidiaries, the
 company provides a full range of financial services including investment
 banking, brokerage, mutual fund, insurance and traditional banking services to
 individuals and businesses. National City has offices in Ohio, Pennsylvania,
 Indiana, Kentucky, Illinois and Michigan. National City can be found on the
 World Wide Web at http://www.nationalcity.com .
 
 

SOURCE National City Corporation
    CLEVELAND, April 5 /PRNewswire/ -- To help small businesses better manage
 their cash flow, National City Bank is offering 24-hour online access to
 credit reports.  Using the CreditFYI service, business owners can make more
 informed decisions, including extending trade credit to prospective customers.
     Obtaining credit information on a potential customer can be an expensive,
 complicated, and often time consuming process with inconclusive results.
 Through CreditFYI, National City is providing small businesses access to easy-
 to-use credit reports on its Web site, www.ncb4biz.com , through the "managing
 your cash flow" link.
     CreditFYI offers a one-screen summary of a small business' credit history
 and a risk rating that evaluates the likelihood of on-time bill payments. This
 service permits business owners to make decisions based on up-to-the-minute,
 accurate information and helps them manage cash flow while avoiding the
 collections process.
     "Small business customers need just-in-time access to credit information
 that provides a foundation of knowledge and a basis for business decisions,"
 said Mike Price, senior vice president of Small Business Banking for National
 City.
     CreditFYI can evaluate all types of small businesses, but has been
 specially designed for those with annual sales of less than $5 million. Credit
 reports are ordered online for a cost effective price, and are delivered
 within minutes.
     The CreditFYI credit report is often a more comprehensive predictor of
 payment than traditional business credit reports or reference checks. The
 information includes:
 
     * Credit history highlights
     * Past payment schedules and comparisons to the industry average
     * Any unsatisfactory trade credit relationships
     * Collections history
     * Public records (bankruptcies; tax liens and judgments)
     * General information such as the owner's name, phone, number of
       employees, years in business and reported sales
 
     Online Banking Services
     Online banking services for small business customers offer secure access
 to their small business accounts via National City's Web site at
 www.ncb4bizonline.com plus the ability to pay bills, transfer funds, and
 review detailed account information online. Small business owners can review
 deposits, cleared checks and Business CheckCard transactions. The direct
 access via QuickBooks 2000(R) for Windows(R) (or higher) features an added
 benefit that is free to Small Business Online Banking customers.
     Small businesses can now use the National City Web site via an express
 lane that provides one-click access to all of National City's online services
 which include online financial management courses offered 24/7; a news and
 information center that users can personalize; and access to various personal
 products.
 
     Small Business Banking
     National City is committed to giving small business owners the innovative
 banking services they need to grow their businesses and provide for their
 employees. Along with checking and savings accounts, these include specialized
 lines of credit, loans and credit cards, online banking and payroll services,
 employee benefit packages, flexible leasing programs, and Business CheckCards.
 National City is the fifth largest small business lender in the country and
 the No. 1 Small Business Administration lender in its six-state market with
 more than 1,200 branches in Ohio, Pennsylvania, Indiana, Illinois, Kentucky
 and Michigan. Through its Small Business Banking Initiative, National City is
 expanding its Small Business Banking product line and will provide more than
 $1.4 billion in small business loans in 2001.
 
     About National City
     National City Corporation (NYSE:   NCC) is an $89 billion financial holding
 company headquartered in Cleveland, Ohio. Through its subsidiaries, the
 company provides a full range of financial services including investment
 banking, brokerage, mutual fund, insurance and traditional banking services to
 individuals and businesses. National City has offices in Ohio, Pennsylvania,
 Indiana, Kentucky, Illinois and Michigan. National City can be found on the
 World Wide Web at http://www.nationalcity.com .
 
 SOURCE  National City Corporation

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