SBA Loans - San Diego
Lightning Commercial Funding
5C's + E
What is that?
5 C's + E is the formula for approval for every SBA Loan. This is the way banks and our office pre-underwrite every deal we bring in-house to analyze.
If a business or a new borrower can pass the 5c's + E test then we know we have a strong candidate for financing.
So Does Your Venture Pass the Test?
Collateral - What you are putting up to secure the bank's interest?
Credit - What is all partners credit score?
Contribution - How much are you putting as your down-payment?
Capacity - Can the business cash flow with the new projected debt?
Character - Are you a moral individual as defined by the SBA?
Experience - Have you owned a business like this before?