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 […]

By Nicholas B. Jalowski, CTP, CMC Managing Director, Cambridge Financial Services, LLC There are a lot of people crying the blues about business these days.Whether you call it a recession,a slowdown or just a temporary lull, one thing is for certain, the banking business has hit the skids big time. Commercial bank losses on a […]

By Nicholas B. Jalowski, CTP, CMC Managing Director, Cambridge Financial Services, LLC As a result of the economic downturn, collateral values have fallen and lenders have faced losses in their portfolios. Plenty of opportunities have become available for debtors to negotiate a settlement of indebtedness or to arrange for an investor to purchase the loan […]

By Frank G. De Luca MBA, CMC Owner, Managing Director Owner, Managing Director, Cambridge Financial Services, LLC Most professionals dealing in the corporate renewal or turnaround environment recognize that there are certain key items to watch out for, as these are often the harbingers of disasters for the future. Some of these are obvious and […]