Exit Financing for Non-Performing Loans
Primary interest is with trucking companies and or machine tool companies of any kind owing their lender $300,000 to $10 Million in non-performing loans, and facing a deteriorating lender relationship; or having been forced into a bankruptcy proceeding. Depending on the appraised liquidated value of the company’s fleet equipment, this form of exit financing allows the company to pay off its lender obligation and concentration on running a profitable operation.
There is no application to complete, a discussion by the management of the company and the lender, if both parties feel the company’s equipment value is sufficient to provide the needed lendable funds based on agreed appraisal process, then a proposal is issued, appraisal ordered and then depending on the appraised value, the problem lender is paid off. There are no personal guarantees.
If you’d like to discuss this in more detail, on a confidential basis, please contact us using the form to the right.