A local plumber approaches a lending institution for a loan to purchase a van and tools for his business. He requests $15 000 and is prepared to offer the van for collateral. The plumber is a current customer with the bank as an individual and has occasionally missed repayments on his credit card. Over the past few years, the plumber has worked on and off for various large companies. He requires these funds to start his own business. He rents his accommodation and has moved many times over the past few years. He proposes to set up his business in the area in which he is working. He has provided a business plan of estimated income and expenditure. With the loan, the indication is that the business will have a growing annual surplus. The plumber understands the difficulty he faces in obtaining a loan. He has spoken to a retired uncle who is a self-funded retiree and is willing to act as a guarantor for the business. Using the five Cs, carry out a credit analysis on the plumber