Startup Idea: Advanced Risk Rating Software for Commercial Banking

Startup idea to develop a comprehensive risk rating software for commercial banks that can assess both quantitative and qualitative aspects of a company. This would aid credit analysts in making more informed and accurate decisions during the loan approval process.

I work as a credit analyst in a commercial bank. We give loans to companies with revenues anywhere from $1 million up to hundreds of millions.

Prior to loaning a company any money, we perform diligence on the company to make sure they are solid and that we will be able to get a return on our money.

Part of this process involves giving the company a risk rating from 1 to 9 with 1 being the lowest risk. To get this number, we use a software program that takes about 15 inputs and assigns a rating to the company based on those inputs such as revenue, operating cash flow, etc.

The software is only able to account for quantifiable stats and not any qualitative aspects such as the owner of the company or the industry. It would be great to have a risk rating program that can assign the risk number based on both quantitative and qualitative stats.

I have done some very basic google searching, but have been unable to solve the problem. I used terms like "risk rating software" and "commercial banking risk assignment software".