Malley & Franey Financial Group has worked with a number of lenders who find themselves in a situation where clients show unexpected losses,  request funding advances where there is no availability under the present borrowing base scenario, and lack an ability to produce reports of their financial results in a timely manner.

Based upon our knowledge and experience we are able to quickly assess a situation and produce reports which are necessary for a lender to make timely decisions regarding their loans.  We also open up the communication channels so that all parties are working together toward a common goal of correcting the current situation.

Initially, we will work with the financial management within a company to produce a 13 week cash flow projection and ultimately a set of projections for the upcoming year.  We assist management in working with their vendors and are sometimes required to become more directly involved in the process of who gets paid and when.

Additionally, we often find that the receivable collection process is not effectively working or is not in place at all.  Active involvement will ultimately minimize collection times and maximize the value of the company?s accounts receivable. 

In addition to the items above, we are always looking for opportunities for company?s to cut their costs so that they are more in line with current market conditions.  It is not unusual to run into situations where company management is operating in a growth mode while market conditions would seem to indicate otherwise. 

Overall, we are able to work with management, lenders and other parties in interest to build consensus and give management the tools necessary to turnaround a difficult situation.