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6C’s- Understanding the decision process of commercial lending
- 6C’s methodology decision process: Character. Capacity. Capital. Condition. Collateral. Cash Flow
- What are the Pros and Cons of 6C’s methodology process?
- Creditworthiness evaluation process
- Why are the 6C’s important for a lender and a borrower?
- Definition of creditworthiness
- The vital role of the 6C’s methodology for commercial lending
Overview of the webinar
The Financial institution is for more the most important component regarding lending, which act as an intermediator involving a lender and a borrower.
First this session, will show you how to identify the risk of making a loan without the 6C’s methodology. It is critical to use the 6C’s methodology to determine if there are any risk factors involving weakness of repayment from the borrower. The 6cs methodology will provide measurable possibilities that a borrower will or will not repay the obligation as agreed.
Second, this session will provide creditworthiness steps to conduct an evaluation of how deserving a borrower is to get a loan approved in his/her favor.
Third, this session will distinguish the pros and cons of the 6C’s methodology.
Who should attend?
- Loan Officers
- Credit Analysts
- Senior Credit Officers
- Loan review Officers
- Senior Lenders
- Credit Administration Support Staff
- Bank Directors
- Members of Bank’s Loan Committee
- Credit Risk Managers
- Commercial lenders
- Chief Credit Officers
- President
Why should you attend?
6C's – A methodology process to help lenders in determining the eligibility of a borrower’s commercial loan
Faculty - Ms.Carolyn Riggins
Carolyn Riggins - Founder/Owners at CDR Consulting Services, Business and Management Consultant, Trainer, Speaker, Coach, Author. She has more than 35 years of encounter in the financial industry with First Florida Bank, Barnett Bank, Mercantile Bank and TD Bank. At TD Bank, Ms. Riggins was driving and growing her client’s base relationship by $71 million through indispensable commerce development, training her employees in customer service and repeatedly coaching on sales. Ms. Riggins represented in multiple capacity levels of management roles regarding the several banks in her career path. Under her leadership she was qualified to vocation as an Assistant Vice President Store Manager, Vice President Hub Manager and Vice President Retail Area Manager.
In these various leadership positions, Ms. Riggins was successful with managing lower-level employees to mid-level managers by leading, develop and training to achieve sales revenue growth, deposit growth, customer growth, lending growth and focusing on compliance. In addition, component of her portfolio was lending for businesses starting with initial interviewing process, reviewing financial documents, and closing loans.
As a consultant, she specializes and supply financial management expertise services equipping management through problematic issues. She works with many owners and leadership of companies to become aware of daily protocols to avoid any financial or management gaps. Also, she provides training on compliance matters and identifying financial gaps for startup companies up to $5 million companies in revenue sales. In addition, Miss Riggins uses her Bachelors of Applied Science degree in Management and Organizational Leadership from St. Petersburg College as well as her Business Consultant training from International Association of Professional Career College to assist numerous companies and non-profit companies to accomplish goals of improvement in all aspects of operating a company. Her final goal for CDR Consulting Services is to continue to prepare, educate and coach management continually by using her expertise daily to change, transform and impact companies to reach their goals.