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Monitoring & Financial Oversight

Monitoring and Financial Oversight

A hedge fund investor provided financing to a growth business that was undercapitalized and strapped for cash. The loan was a working capital facility and was in an overadvance position after the borrower assigned fictitious sales as collateral. Durkin Group performed daily monitoring of the borrower’s collateral and financial oversight of the company’s cash flows. Durkin Group identified a cash burn and worked with the borrower to initially reduce and eventually eliminate the monthly burn. Through Durkin Group’s daily monitoring and financial oversight, the lender was able to provide continued financing to the business while reducing the loan overadvance.

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