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Capital Financing
Existing company needing capital financing to continue expansion efforts.
Situation:
Local service company is in dire need of capital funds to continue already in progress growth. Personal owners not in best credit standing. Company balance sheet showing very little equity. Mediocre profit for last several years.
Action:
Put together a written business plan to outline direction for the service company. Strengthened financial reporting of current operations. Established first working budget to control costs. Projected financial forecasts for next 5 years to show cash flow capability of the company. Provided another source for accountability in making good business decisions.
Results:
Named interim acting CFO/business advisor. Completely restructured the way company operates. Met with local banking institutions to review pending financing package. Negotiated relevant financing structure to enable the company to continue growth trend.
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