Video: Underwriting, Credit Risk and the Impact of COVID-19
November 16, 2020 |
The C2FO Team
Learn more about C2FO’s underwriting process and how 2020 has affected credit risk for companies of all sizes.
When Paul Durosko joined C2FO as head of underwriting in February 2020, he had no idea what the coming months would bring.
“A very interesting time to start,” he recalls in this video discussion with Chris Atkins, C2FO’s SVP of Capital Finance. “The pandemic hit, and we really went into a full mode of ‘How do we look at our portfolio? How do we look at underwriting and the economy going forward?'”
Despite the economic turmoil of 2020, C2FO’s underwriting portfolio has been relatively stable. Durosko, who has more than 30 years’ experience in asset-based and commercial lending, attributes that stability to customers’ ability to shift their business models, when necessary, in navigating the twists and turns of the pandemic.
As a result, C2FO has been able to maintain a consistent approach to underwriting and credit risk.
“As the economy was going 60 miles an hour, we didn’t reduce or eliminate our credit standards,” Durosko says. “We maintained our credit standards.”
Watch the full, 13-minute video to learn more about the impact of COVID-19 on underwriting and credit risk, as well as C2FO’s underwriting process and the unique role we play in finance.
To learn more about how C2FO can help your company meet its financial goals, visit https://legacy-site.c2fo.com/financing.