WORKING WITH THE SPECIAL ASSETS (WORKOUT) DEPARTMENT

We have extensive experience working with workout departments. We know what is required in this area, know the difference between the legal and practical leverage the bank has, or thinks it has, and can help you prepare the operating and cash flow forecasts to convince the bank that the company has turned the corner. At times the bank wants to end the relationship – armed with reasonable projections, we can help find a new lender and, once accomplished, can work to negotiate a discount with the existing lender.