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	<title>Santa Fe Chamber Blog &#187; ACCE</title>
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		<title>New study shows chamber of commerce members offer safer bet when it comes to business credit risk</title>
		<link>http://santafechamberblog.com/new-study-shows-chamber-of-commerce-members-offer-safer-bet-when-it-comes-to-business-credit-risk/</link>
		<comments>http://santafechamberblog.com/new-study-shows-chamber-of-commerce-members-offer-safer-bet-when-it-comes-to-business-credit-risk/#comments</comments>
		<pubDate>Wed, 24 Feb 2010 22:55:03 +0000</pubDate>
		<dc:creator>SimonBrackley</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[ACCE]]></category>
		<category><![CDATA[business issues]]></category>

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		<description><![CDATA[The American Chamber of Commerce Executives (ACCE) today announced the publication of a new study detailing the credit scores and payment behavior of ten local chambers of commerce across the United States, comparing their member businesses with other regional, state and national business averages.  Produced by Cortera™, a community-driven business credit bureau, on behalf of [...]]]></description>
			<content:encoded><![CDATA[<p>The <a href="http://www.acce.org/">American Chamber  of Commerce Executives (ACCE)</a> today announced the publication of <a href="http://www.acce.org/uploadedFiles/Research_and_Benchmarking/ACCE-Cortera%20Study.pdf">a  new study</a> detailing the credit scores and payment behavior of ten  local chambers of commerce across the United States, comparing their  member businesses with other regional, state and national business  averages.  Produced by <a href="http://www.cortera.com/">Cortera</a>™, a  community-driven business credit bureau, on behalf of ACCE, the study  includes the Bowling Green (KY) Area Chamber of Commerce, Greater Boca  Raton (FL) Chamber of Commerce, Greater Durham (NC) Chamber of Commerce,  Greater Omaha (NE) Chamber of Commerce, Helena (MT) Area Chamber of  Commerce, Lake Champlain (VT) Regional Chamber of Commerce, Lubbock (TX)  Chamber of Commerce, Salem (OR) Area Chamber of Commerce, San Diego  (CA) Regional Chamber of Commerce, and Tulsa (OK) Metro Chamber.   According to the study, chamber of commerce members possess an average  credit score of 629, compared to a 557 average score for businesses at  large.  Such scores – the payment behavior from which they are derived  &#8212; play a significant role in attracting lines of credit and securing  favorable terms from lenders and suppliers.</p>
<p>A  complete copy of the study, which includes both the aggregate findings,  as well as the individual commercial credit scores for each of the ten  local chambers, is available on the <a href="http://www.acce.org/uploadedFiles/Research_and_Benchmarking/ACCE-Cortera%20Study.pdf">ACCE</a> and Cortera sites.  The study was contracted by ACCE and performed by  Cortera, which reviewed payment behavior for chamber member businesses.</p>
<p>&#8220;Chamber members have long been seen as responsible  and reliable members of their community,&#8221; said Mick Fleming, president  and CEO of ACCE.  &#8220;What this study indicates is that the perception is  right.  From a credit standpoint, chamber members on average are better  businesses, and as a result they have significant advantages in  obtaining the funds they need.  In this economy and the tight credit  environment we are experiencing, that&#8217;s especially important.&#8221;</p>
<p>“The economic health of the entire supply chain is  dependent on the payment behavior of each of its stakeholders,” said Jim  Swift, president and CEO of Cortera. “This study suggests that chamber  members are among the most dependable participants in this ecosystem.”</p>
<p><strong>About</strong> <strong>the American Chamber of Commerce  Executives</strong></p>
<p><em>Established in 1914, ACCE is  the only national association serving the professional development needs  of chamber professionals throughout the United States and Canada.  Representing more than 7,300 individuals, ACCE enhances the knowledge,  leadership skills, and management effectiveness of chamber executives  and their staff through education, benefits programs, trend analysis,  benchmarking, and network development. ACCE promotes the highest  standards of professional excellence and integrity within the chamber  profession.</em></p>
<p><strong>About Cortera</strong></p>
<p>In a sea of business information providers, Cortera is  different. With over 15 years of experience serving finance  professionals, Cortera combines premium business information and  innovative tools with a fresh community approach to commercial credit.   It represents the first community for small business credit reporting  and a fundamentally new way to capture the collective insight of  millions of financial transactions. As a result, small businesses can  make smarter, informed decisions to ensure optimal cash flow while  attracting more favorable payment terms from existing and potential  business partners. Free credit reports on millions of businesses are  available at <a href="http://start.cortera.com/">http://start.cortera.com</a>.</p>
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