Reliable, Experienced, Motivated


Engagement Focus

During the course of a routine collateral examination for one of our client’s existing borrowers, we discovered various discrepancies with the underlying borrowing base. We determined that the borrower was arbitrarily changing invoice dates on the accounts receivable aging in an attempt to misstate the true availability.  Further review by the analyst on site as well as through the efforts of our background investigations group, determined that the aging contained numerous entities that were affiliated by common ownership. Ultimately, we determined that the borrower was actually operating with a substantial over advance.  Accordingly, our engagement changed to monitoring and a cash burn assessment.

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