Our credit committee approved a large commercial loan six months ago and now the borrower is showing signs of distress and three of us think we need to move quickly to protect our position but two others keep saying we should give them more time and every meeting ends with us agreeing to 'monitor closely' which feels like we're just avoiding making the hard call.
More people experience this than they realize.
Your group keeps saying 'monitor closely' because no one wants to own the hard decision on a loan going bad.
“Where Are You with Financial Services — Banking & Credit?”
If this sounds familiar, the Library can help you find the bigger picture.