Key Takeaways

●      The 5 C’s of Credit are the five things many business lenders use to determine your creditworthiness as a potential borrower and ultimately whether or not to give you a business loan. 

●      The first C is Character and is a measure of your creditworthiness based on indicators like your credit score and credit history.

●      The second C is Capacity and is a measure of your ability to pay the lender back.

●      The third C is Capital and is a measure of how much skin you are willing to put in the game, usually in the form of a down payment.

●      The fourth C is Collateral and is a measure of what asset you intend to use to back the loan.

●      The fifth C is Conditions and is a market analysis of the trends of your business industry 

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