When to Use an Asset-Based Lender

Tuesday January 26th, 2016 at 7:30am
Written by Jim Bitterle - Consulting Managing Partner

Virtually every mature company has gone through rough financial times. If you’re around long enough, your company will go through rough times again. When this happens, you may get moved to your bank’s “Special Assets Group.” Many banks have different names for this group, but in generic terms, they are all “workout” groups. The purpose of a workout group is to reduce the bank’s risk. Typically, this is accomplished by getting rid of accounts that have become too risky. In some cases, the workout group will work with the company to remediate it, then return the company to the original lender. Unfortunately, this scenario occurs infrequently. Most workout scenarios require the company to find an alternative lender, then pay off the current bank.

Continue Reading

Founded in 1979, EDSI is a national leader in workforce development, customized training and consulting.

Want one of our experts to contact you to listen to your needs and demonstrate how we can help?

Tags

Workforce Development (65), HR (52), Inspiration (37), Planning (35), Training (24), Culture (22), Goals (21), Education (21), WIOA (21), Workforce Innovation and Opportunity Act (20), Setting Goals (18), Career Services (18), Talent (18), Values (15), Success Story (14), Growth (14), Career Pathways (13), Customized Training (13), Knowledge Retention (13), Conference (12), Professional Development (12), Strategy (12), Job Task Analysis (11), Support (10), Attracting Talent (10), Adult Education (10), Succession Planning (10), Motivation (9), Youth (9), Operational Improvement (9), Recruitment (9), Talent Development (9), Mentoring (8), Knowledge Management (8), Retaining Talent (8), Restructuring (7), Skills Gap (5), Skilled Talent (5), Process (5), Manufacturing (4), Talent Engagement (4), Financial (4), Building Relationships (4), Internship (3), Young Professional (3), Community Service (3), Turnaround Plan (3), Leadership Development (3), Cash Forecasting (3), Baby Boomers (2), TEGL (2), Sales Lessons (2), 6σ Black Belt (2), EDSI History (2), Industry Partnerships (2), One-Stop Center (2), Memorandums of Understanding (2), Employer Engagement (2), On-the-Job Training (1), Transitions (1), Lockout Tagout (1), Safety (1), Transit (1), Ex-Offender (1), COABE (1), Maslow's Hierarchy of Needs (1), Comprehensive Employment and Training Act (1), Awards (1), WIA (1), Manpower Development and Training Act (1), Job Training Partnership Act (1), Retention (1), Transitional Jobs (1), Leadership (1), EARN (1), Learning (1), Priority of Services (1), CAM (1), Theory of Constraints (1), Skill Gaps (1), Cycle Counting (1), Inventory (1), ISO (1), Onboarding (1), Health and Human Services (1), Project Management (1), 35 Year Anniversary (1), Diversification (1), Community Based Organizations (1), ISPI (1), Golden Circle (1), Lending (1), ABL (1), Webb's Depth of Knowledge (1), Instructional Design (1), Economy (1), Recession (1), Change Management (1), SMART Goals (1), Skills Balance Sheet (1), Resume Writing (1)

Show more
Human Resources Today

This program with EDSI is very, very strong. There are a lot of successful people here, and I am one of them. Osha Wright - Pittsburgh RTC Program Participant

Message sent! Thank you for your feedback.

Message sent! Thank you for your feedback.

Feedback

Please let us know what you
think of our website!

 
Not good Great
Content:
Navigation:
Design:

Additional Comments