A SBA workout is where BMC assists the owner in re-organizing the business and personal assets to minimize their exposure to secured creditors, and then negotiates settlements for the elimination of debt. Yes, this sounds too good to be true, but we are experts in SBA loans, personal guarantees, landlord lease re-negotiation, and creditor settlements.
Call us at (401) 390-3800 to schedule a Free Consultation with one of our senior workout specialists to see if a workout is a viable strategy for your situation.
A turnaround is a plan which is put in place to “turn-around” the financial results generated by a company. In the most simplistic form, it is intended to grow revenues, grow margins, and cut expenses to the point where the business is cash flow positive. A successful turnaround plan focuses on restructuring the business around a smaller, but profitable, core value proposition which generates productive, positive cash flow.
This plan is executed in a number of straightforward steps:
This plan is presented by BMC to the key creditors, gaining their buy-in, and then executed.
General consulting usually focuses on one of the key areas of:
BMC will target one of these areas in an eight to ten week blitz, working with the client to evaluate their existing situation and create actionable plans that result in tangible results for the client.
Debt Settlement is straight forward business negotiation with the creditors. When faced with a pending default and resulting liquidation, many creditors will chose to engage in a settlement, where they accept a fraction of the debt owed instead of foreclosing and liquidating the collateral.
If you think you may have a situation where a negotiated settlement is an option, give us a call at (401) 390-3800 for a free consultation.
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