A regional bank was attempting to provide a $19 million revolving credit facility to a company operating as an importer and wholesaler of engineered stone slabs and tiles of slate, granite, marble, and other stone products. While conducting due diligence, the bank felt that the borrower needed some assistance with the increased administration of the line, as it was going to be based on a somewhat complex asset-based borrowing formula.

Cambridge was engaged by the borrower to assist with the administration of the credit and advocate for the client in negotiating with the bank on other matters. Cambridge’s involvement assuaged the bank’s concerns, and the relationship blossomed into a multi-year partnership.

Just another way Cambridge consultants can assist in improving your business operations and relations with creditors.

June 2024