Contrary to public perception, financing for middle market companies, those with annual revenues of more than $10 million, are being funded every day - even companies that are financially troubled.
Usually troubled companies reside in their bank's workout department. While the company wistfully hopes an improvement in sales or earnings will earn them the right to be taken back into the regular bank with hugs and kisses and all is forgiven - not so.
Statistically less than 5% of all credits in bank workout departments are taken back into the regular bank. Even companies whose prospects are improving. They are victims of "lender's fatigue/burn out". The workout department is a morgue, not a hospital.
The first thing a workout officer asks the troubled credit is to find another bank. Most companies try to find a new lender and fail. They network out to their trusted advisors who also fail. Where can these companies go for financing?
If the troubled company has a "story" they have to be able to tell it correctly and to the right financing source. Most are not able to do this. A properly and professionally prepared presentation telling the company's "story" can overcome these deficiencies. If a company has more than $10 million in annual revenues, there is a 100% likelihood we can help it with a refinancing, irrespective of its financial condition.
For an assessment of your financing needs contact AMG Financing Capital at 1-800-869-8789 or 1-310-454-1114 or contact us here and ask for Arthur Gelber.