The Five C’s of credit are Character, Capacity, Capital, Collateral, and Conditions. Character refers to the borrower’s reputation and credit history, while Capacity evaluates their ability to repay the loan based on income and existing debt. Capital assesses the borrower’s financial reserves and investment in the business, while Collateral refers to assets that can be used to secure the loan. Conditions consider external factors that may impact the borrower’s ability to repay, such as economic conditions or industry trends. These factors help lenders evaluate the risk associated with extending credit to a borrower.
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