Some asset based lenders consider loans to companies with historical losses or deficit net
worth provided there is a viable turnaround business plan in place. Because of its
experience and prior association with a turnaround equity fund, GrandWest is well
positioned to perform this service for asset based lenders or their prospective clients.
GrandWest can also provide a devils advocate review of turnaround plans developed
by prospective borrowers or their accountants prior to loan approval.
