Creditworthiness of new venture entrepreneur

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Question

You are a commercial loan underwriter for a local bank. Using the Five C's of Credit discussed in class, describe how you would assess the creditworthiness of a new venture entrepreneur who is requesting a loan for $100,000 to start a restaurant. He has worked as a restaurant manager for 10 years. $70,000 will be used for furniture, fixtures and equipment and the remainder will be used for operating capital.

Reference no: EM133474855

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