Automotive

automotiveAUTOMOTIVE CASE STUDY
Our client had significant order backlogs and strong future prospects but due to a series of missteps the young owner/manager lacked cash to continue operations. The immediate goal was to stop their asset based lender from foreclosing and to convince the lender to advance additional funds to complete a major project. The secondary crisis was to negotiate with the landlord who was attempting to halt all operations for a delinquency it was partly responsible for. We were able to convince the landlord to extend the terms and convinced the lender to increase their loan. This allowed production to continue and allowed our client to pay the asset based lender and the landlord, as well as to save about eighteen jobs.