Four Key Areas Where Underwriting Criteria Is Changing With Lenders

The pandemic brought by the COVID-19 virus has changed how businesses and our economy function. As flexible beings as we are, we have found ways to adjust to the situation and gradually resume business affairs.

In the business lending industry, specifically, there are notable changes regarding the underwriting process in terms of handling loans. In this article, we will identify four key areas where underwriting criteria has been changed with lenders and how business owners can respond to such changes effectively.