The five Cs of credit are:
- Character: The borrower’s willingness and ability to repay the loan.
- Capacity: The borrower’s financial strength and ability to repay the loan.
- Capital: The borrower’s financial resources, including cash on hand and assets.
- Collateral: Assets that the borrower can pledge as security for the loan.
- Conditions: The economic environment and the borrower’s business situation.
Check out this video for more information about accessing capital: