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JUMPinar: Refinancing and Commercial Credit

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Regardless of where you seek funding - from a bank, a local development corporation or a relative - a prospective lender will review your creditworthiness. A complete and thoroughly documented loan request (including a business plan) will help the lender understand you and your business. The "Five C's" are the basic components of credit analysis. Each lender has their own set of lending criteria, however, I will describe the 5C’s of credit to help you understand what lenders look for, especially in our current economic conditions.