Business founders and key management are often more positive about a situation than an objective third party. However, this optimism can very quickly cause — or exacerbate — a cash-flow crisis. Gavin/Solmonese director Luke Snyder says a well-crafted 13-week cash-flow model serves as a reality check for all stake holders and highlights a logical path forward.
First Capital provided an $8.5 million asset-based senior credit facility to a manufacturer of outdoor and specialty signs. The facility is collateralized by accounts receivable and inventory.
A total of $4.55 million in financial solutions were secured for five new Crestmark clients during the first two weeks of January.
The losses lenders experience at the hands of dishonest borrowers can be a very large proportion of the total loans outstanding, and can monopolize a significant amount of lender time. The use of field exams and other financial reviews can help to identify problems at an early stage, thereby allowing the lender time to take action to protect its exposure.