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Equipment Financing and The Five Cs of Credit Evaluation
Written by: Sean Marten |
Distributed: 2007-10-17 |
- Word Count: 698 | Viewed: 1250 | Votes: 6 | Rating: 3.50
Equipment financing lenders, as well as banks, use the Five Cs to
evaluate loan applications: Character, Credit, Cash Flow,
Capacity and Collateral. However, while banks look at
small-to-medium size companies from a Fortune 500 perspective,
equipment financing companies see applicants from a small
business perspective, which highlights a sixth C: Common Sense.
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