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 […]

A metal fabricating client of Cambridge Financial Services recently closed over $31.5 million in a refinancing of its credit facilities with a New Jersey based bank. The deal included $12.5 million in mortgage loans, a $12.5 million line of credit, and over $6.1 million in equipment terms loans. Managing Director Nick Jalowski was instrumental in […]

Neil Goldstein, the Principal of Elementary Business, Inc., just published a podcast about “Bankruptcy A to Z” that is extremely interesting. Nick Jalowski, Managing Director, CTP, CMC of Cambridge was interviewed as part of episode 3 which focused on alternatives to bankruptcy. If interested, you can listen to that episode through this link, or on […]

Cambridge Financial Services was able to source, negotiate and close a $5 million factoring facility for a trucking and logistics company in the middle of the pandemic lockdown. According to lead consultant, Nick Jalowski, “the engagement started as a turnaround assignment as the company had posted losses for several years and its financing had been […]