Past actions do not always foretell future outcomes, but nearly always provide meaningful insight into future behavior. As Part 1 of our miniseries outlined, the Five Cs of Credit framework, long a mainstay of commercial lenders, provides a structured approach for trade vendors evaluating their customers’ creditworthiness. The first C, Character, assesses a customer’s willingness,Continue reading “Think Like a Lender: A Miniseries on the Five Cs of Business Credit (Part 2 – Character)”
Credit Industry Updates
Think Like a Lender: A Miniseries on the Five Cs of Business Credit (Part 1 – Introduction)
Introduction Commercial lenders consider five factors – the “Five Cs of Credit” – when assessing the creditworthiness of a prospective borrower. The Five Cs are also valuable to trade creditors. This six-part series introduces the Five Cs from the standpoint of a trade creditor considering whether to extend credit to a new customer or extendContinue reading “Think Like a Lender: A Miniseries on the Five Cs of Business Credit (Part 1 – Introduction)”