Score Local Economies In Real Time.
Formation + closure signals from state SOS filings, NAICS breakdowns, neighborhood heat maps. Built for community lenders and CDFIs scoring loan books against the actual small-business pulse of a market — not census tract data from three years ago.
The Problem
Small-business lending runs on stale signals:
- Census tract demographic data is years stale by the time you underwrite a loan book
- You can't see the formation pulse of a county in real time — it lands in IRS data 18+ months late
- When formations slow or closures accelerate in your service area, you find out from the loan-loss curve
- Concentration risk in NAICS sectors hides behind aggregate small-business indices that don't update monthly
What You Can Do
Score Local-Economy Health Monthly
Pull net formation rate (formations − closures, per 1,000 existing businesses) by county and NAICS sector to gauge where your service area is expanding or contracting. Refresh monthly, not annually — the signal arrives the moment SOS filings post.
Track NAICS Concentration Risk
Drill any county aggregate down to a 2-digit NAICS code. If 38% of new formations in your service area are in NAICS 72 (Accommodation + Food) and the closure rate in that sector is climbing, your loan book is exposed — and you can see it before charge-offs spike.
Map Formation Density Against Your Loan Pipeline
Neighborhood-level heat maps surface where new businesses are forming. Pair the heat map against your existing loan portfolio to prospect new originations, identify CDFI investment area opportunities, or spot service-area whitespace.
Build Formation-Trend Reports for the Board
Export the trailing-twelve formation + closure trend by service area for board memos, CRA reporting, and community-impact narratives. The CSV export feeds straight into your reporting workflow.
Sample Insight
+1,124 formations · −487 closures · net +637 (formation rate 11.2 / 1K, closure rate 4.9 / 1K)
Net formation rate in Polk County construction is +6.3 per 1K businesses on the trailing twelve, holding steady against the state aggregate. New construction LLCs are concentrated in three ZIP codes — visible on the neighborhood heat map.
Action:open a prospecting list of the 1,124 new construction entities, filter to formations > 90 days old (past the early-stage failure cliff), and route the survivors to the business-banking relationship team.
Illustrative only. Production volumes scale with your service-area footprint and Lender-tier rate limit (1,000 req/mo).
Recommended Plan
The Lender plan is sized for community lenders — national coverage, NAICS breakdown, neighborhood heat maps, API access.
- Everything in Analyst
- National coverage (as states are added)
- Business license filing data (where available)
- NAICS 2-digit industry breakdown
- Neighborhood-level formation heat maps
- Full historical lookback
- API access (1,000 req/mo)
- 10,000 row CSV/JSON export per month
- Email + chat support
- 7-day free trial, cancel anytime
Need survival rate, early-closure signals, or webhook alerts? Compare all plans