How to Merge the Art and Science of Small Business Lending and Collections

• Mar 11, 2023
• By David Smith

By David Smith There is an undeniable art to Lending and Collections. Complex, large dollar loans are painstakingly crafted by underwriters operating within the parameters of their institutions? strategy and risk tolerance standards, much like an artist using a blank canvas and paint. The larger the Lending and Collections request, the more complex the deal becomes, the underwriter ever conscious of the fact that one mistake on a $1 million loan can erase the profits of their entire portfolio. The underwriter?s art extends to small dollar loans, such as those offered to small businesses. While the terms might be simpler, the products more defined, and the dollar amounts much less than large dollar loans, the same factors often complicate the equation: who or what is in...

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