What We Do
New business relationships
Initial / Recurring
Evaluating an existing relationship (ABL and Non-ABL; monitored and non-monitored)
A current relationship that is now troubled
Quickly identifies issues with any assets pledged as collateral. Works with both the Lender and Client in achieving maximum results.
Our testing includes the review of Accounts Receivable (A/R) and Inventory which are typically the assets pledged as collateral for a credit lending facility. Because of how important all aspects of the Borrower’s business ties back to the collateral analysis, other analysis/due diligence is also performed on Accounts Payable, Taxes, Cash, the General Ledger, and Financial Statements.
This scope of work generally encompasses 3-4 business days on site to gather and analyze the information. In return, Lender Solutions prepares a 20-30 page report detailing our findings and overall conclusions. Our workpaper file is also included. Our report will provide the lender a baseline presentation of the client’s collateral position and overall internal accounting system for past and future comparative analysis. The collateral field exam assists with credit decisions and discussions with the Management Team in order to improve overall reporting on the Bank’s A/R and Inventory collateral.
Lender Solutions specializes in the following industries:
- Service Providers
- Financial Services
- Mortgage Warehouse Servicing