$15 Million Regional Bank

• Corporate borrower near business closure
• Third-party liens on project-specific AR
• Loan balance under collateralized
• Lender not knowledgeable in specifics of borrowers industry
• Lack of previous collection activity

• Used expertise in industry-specific collection techniques to organize & implement action plan
• Personally contacted third-parties to negotiate and facilitate mutual satisfaction of liens
• Kept client aware of progress using easy-read status report
• Worked closely with borrower's management to obtain critical documentation & maximize collections

• Successfully collected 50% of complicated and seriously delinquent AR
• Settled to mutual benefit many third-party liens
• Counseled lender and borrowers management on continued collection efforts
• Discontinued activity when value of remaining AR vs. Continued consultancy investment not in clients best interest
• Presented client with comprehensive project report for presentation to loan board