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A local machine shop is requesting a $50,000 5 year term loan to purchase a piece...

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Finance

A local machine shop is requesting a $50,000 5 year term loan topurchase a piece of equipment for its operation. What financialinformation would you, as the credit analyst, require thecommercial loan officer to obtain from the business in order foryou to analyze the request?

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The five Cs or characteristics of credit which are 1 Character An opinion of a borrowers general trustworthiness credibility and personality Assessed from credit history reputation and interaction with borrowers 2 Capacity Ability to repay the Loan    See Answer
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