SWOT analysis is solid “armor” for lenders – Uncover risks among your business loan customers
Abstract: Police SWAT members put on protective gear before responding to risky situations. Similarly, lenders can protect themselves before approving commercial loans by conducting SWOT (strengths, weaknesses, opportunities and threats) analyses. Lenders also can use SWOT analyses in their discussions with borrowers on mitigating risks. This article explains how a SWOT analysis examines a business’s strengths and weaknesses and looks at external factors that can have a positive, or negative, influence on a business.