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Work Outs & Special Asset Management
You may delay, but time will not.
- Benjamin Franklin
CCS professionals have built a strong reputation for handling troubled loans and difficult situations. In today's economic malaise, the pressure to preserve the Bank's position without sacrificing collateral or creditors' rights is enormous. When operating lines are in jeopardy, time is of the essence in addressing circumstances that are causing a credit to deteriorate.
Millions of dollars are lost in unnecessary delay and confusion when a sound plan is not devised, documented, supported, and executed. While some problem loans may have weakened past the point of no return, there is no good substitute for quick and decisive action in those instances when waiting causes only more loss. There may be alternatives before the matter gets to the attorneys. That is why CCS has been engaged in many work out situations where a case-by-case approach is necessary. In all of CCS' efforts on behalf of the Bank, CCS maintains the strictest confidentiality and discretion - all designed so as not to cause alarm or concern.
The CCS model of comprehensive special asset management is comprised of:
Step #1 - ANALYSIS & STRUCTURE RECOMMENDATIONS
A detailed review and "in-situ" evaluation is first performed to clarify the Bank's position relative to the credit. This includes the loan file and collateral file review, audits and valuations, interviews and financial statement spreads and verification. CCS hits the ground running with a set of tools developed specifically for troubled loans.
This information provides focus on Step #2 and will provide recommendations for the Bank's review. In gathering the necessary information, CCS' efforts are confidential and discretionary - designed so as not to cause alarm or concern. Alternatives are then developed that may include work out and capital restructure, or the search for equity investors and cash infusion. Liquidation scenarios are evaluated and quantified.
Step #2 - TURNAROUND &
LIQUIDATION MANAGEMENT
Today, now more than ever, business decline and reversal are challenging the Commercial Banker. Time is of the essence and every delay could sink the customer further into the red. CCS has successfully turned around many commercial enterprises including manufacturers, wholesalers, distributors and service industry franchises.
Working with your customer and the Bank, CCS becomes an independent contractor involved with all aspects of the business. From sales and marketing assistance with consulting, to operations management and the financial controls therewith, CCS has the tested experience to help your customers with their profitability and inherently, your asset's quality. With a keen eye to the preservation of "Creditor's Rights," CCS upholds the highest standards of conduct conducive to a positive outcome for all parties. Without surrendering Bank rights, we are able to plan, implement and execute a sound strategy that helps your customer return to profit.
Should you need a trusted source to help liquidate a business, our capabilities are unsurpassed. Again, our focus is to preserve the Bank's assets, and all due care is taken to accomplish this goal. From valuation of machinery and equipment to the orderly liquidation of inventory and fixed assets, our professional team will see to it that your security is preserved.