A company designing, manufacturing, and wholesale clothing distribution to thousands of retail stores across the country was already struggling when the Covid pandemic occurred in March 2020. Their business essentially stopped. Sales dropped precipitously, and customer accounts receivable collections slowed dramatically. On the senior lender’s recommendation, Cambridge Financial Services was retained to stabilize and guide […]

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 […]