Individual Owners
Your company has always had substantial organic growth. Plowing profits back into the best equipment on the market has always made sense. Long time vendors never complain about 60-90 day terms, customers pay in 30 and often take discounts and pay in 10. Banks are beating your door down to make loans and increase credit lines and equipment leases. As the owner, your 100% focus can be on sales / growth as the day in day out running of the business can be handled by your admin team. All is on track until Q4 2008 hits: Sales drop off the charts, vendors reel in payment terms, incoming cash from customers grinds to a halt, your banker starts hanging around acting like he is your best friend and wants to know all the things about your company he never had interest in. A Bank covenant is tripped and all of the sudden you are dealing with the Workout guys- and all they want is their money, all of it- NOW, FORECLOSURE. All the rules changed overnight and you are dragged back into re-working systems that were on "autopilot" for the last 5 years.
Delta Partners can author and implement a quick turnaround plan the Banks will like. Our skilled team will return the company to a positive cash generator while working with the Bank to "Stand Down".