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SERVICES TO LENDERS THE TEAM APPROACH TO THE PRESERVATION OF ASSET VALUES Your borrower is insisting that their cash shortage is only temporary. "All I need is a couple of hundred thousand for my suppliers; increased sales will take care of everything else." How often have you heard that one? Meanwhile, your borrower is at or approaching their maximum line; receivables, inventories and payables are out of proportion and increasing. Profits are down, or worse still, losses are increasing. Communications have deteriorated and you are not receiving timely and credible information. You have been advising the borrower of these problems and perhaps offering some suggestions. But, they have not followed your recommendations. Before the situation deteriorates to the point of no return, you should urge your borrower to engage a Crisis Manager. As experienced businessmen, R.N. Seidman & Partners, Ltd. speak their language and will work with the borrower and you to identify the causes of the deteriorating situation, stabilize the business and set the direction for recovery. Our initial steps are: Evaluate the collateral, perform a viability analysis and stem the negative cash flow, If all parties would be best served by an orderly liquidation, we will recommend and implement that strategy. We will work together to restore data integrity by reestablishing communications with you and reporting accurate and timely information. Only by working together can we achieve a win/win situation where asset values are preserved while at the same time either rehabilitating the borrower’s business or executing an orderly liquidation. OTHER SERVICES TO LENDERS DUE DILIGENCE: These services can be performed prior to or after issuance of the credit. We go beyond the "accountants" analysis with an experienced businessman's approach which results in a timely, thorough evaluation of the business and its management. COLLATERAL VERIFICATION: Analyze and verify the components of the borrower’s collateral. EVALUATION of the financial reporting capabilities of the borrower. EXPERT VALUATION REPORTS on businesses and management. R.N. Seidman & Partners, Ltd. specialize in services to privately owned and smaller public firms with sales in the range of $5-50 Million. We are pleased to offer an initial consultation at no charge. Contact:
Robert N. Seidman, President More on Who We Are / Experience / First Page © 1999, 2001 R.N. Seidman & Partners, Ltd. |