Hope Is Not A Plan

After 20 years of working for banks in Special Assets (commercial loan collections), we learned one thing for sure-when banks and borrowers are willing to work together, the outcome is almost always better for both.

What Makes A Legitimate Plan?

Our workouts never have the word "hope" in them. Bankers hate that. We work with your lender to put together a plan that is reasonable, feasible, results oriented, and trackable.. This may involve some tough love, but if you are serious about keeping your business alive, working things out, accepting and owning the situation, and are realistic with your workout plan, your bank will appreciate that. We work hand-in-hand with you and the bank. We incorporate marketing strategies, real world market conditions, and justifiable cash flow projections in your workout. We provide pro forma modeling, track various triggers-including financial indicators-and provide updated model projections throughout the plan period. This is the best way to show the bank that your plan is viable, it is working, and that you are performing. 

"How Bad Is It?"

When you see a problem, get us involved early. We will work together and get a plan to your lender in a timely fashion. We know how commercial lenders think and we know what they are looking for in a workout.  As with most sticky situations in life, being proactive is best and means a lot when it comes to your relationship with the bank If you have an issue, long-term or short, let's get a plan.

If you are further down the default road, don't distress. It is never too late to talk to your lender. Together we will propose a solution.