Coveted Financial Services assists Business Owners by providing Financial Consulting. This can take many different forms such as: moving or expanding a commercial credit relationship, providing on-going financial consulting or facilitating the sale of a business.
In any of these scenarios, there can be numerous services that Coveted Financial provides. The list below highlights the infinite ways that we help our clients, again, using our knowledge from decades of being in the banking business.
Review and evaluate the current banking relationships and ensure most competitive terms possible are being obtained
Assist in finding the right bank and banker for a client’s specific business
Assist in moving and/or expanding a commercial credit relationship
Review complex, aggregate current credit structure and provide financial proposal on better structure to meet needs and current rate environment
Interpret banking proposals, financial statements, budgets, forecasts, and cash flow projections
Discuss and develop a business succession plan
Work as an “outsourced CFO”
Negotiate covenant waivers
Work with the bank workout/special assets team if needed for exit strategy and resolution
Establish multiple bank relationships if appropriate
Assist with upside down commercial real estate where loan to value is unsatisfactory
Negotiate judgements, past due taxes and liens
Review covenant compliance, borrowing base certificates, and help negotiate loan terms
Negotiate short sales, forbearance agreements
Introduce alternative financing solutions if needed
Provide on-going detailed cash flow analysis and projections
Assist business owners with the sale of their company including establishing EBITDA goals, valuation targets, sale structure
Educate clients on risk rating, internal credit process
Examine various banking products and services that could be beneficial to a business, such as: cash management, letters of credit, merchant services, swaps, etc.
Prepare and define a global cash flow analysis
Partner with all trusted advisors including bankers, accountant, attorney, insurance agent, investment advisor, etc.