The Five C’s of Credit

The Five C’s of Credit

Veillon Business Consulting, LLC would like to share with you the basics of commercial lending to help your new business get started, re-financed, or expanded. The first thing an experienced commercial banker and most finance providers will assess in your business loan request are the five C’s of credit. These credit basics have not changed in over forty years are – character, capacity, capital, collateral and conditions.

Some of this stuff is kind of boring, but it is the reality of lending; the way things are done in most parts of this great country. Some businesses are so attractive, that they may receive venture money. That proposition is expensive, and one could lose control of their business. The following is the old fashion way and it works. Good old debt financing, and you control the business, we hope. Read on.

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