| Work with the business owner to evaluate
their model and create alternatives: |
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Define the core workout issues and frame responses to creditor’s issues.
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Evaluate and define possible operating and legal resolution alternatives. |
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Evaluate financial resources needed to implement a turn around. |
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Create a financial model of scenarios to define cash needs and collateral impact. |
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Negotiate with existing third parties to implement resolution. |
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Evaluate capital options and seek outside sources of funding ... create borrowing request packages — bank, investor, SBA. |
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Evaluate control of cash and define priority payments necessary to keep the business operating. |
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Work with the business owner to negotiate and implement a business solution. |
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Assist or lead in negotiations with the bank or other creditors.
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Provide accounting resources and services to gain control of the process. |
