| Work with your customer, 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 turnaround. |
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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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Assist or lead negotiations with the
bank or other creditors. |
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Provide accounting resources and services
to gain control of the process. |
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