KGRKJGETMRETU895U-589TY5MIGM5JGB5SDFESFREWTGR54TY
Server : Apache/2.4.62
System : FreeBSD fbsdweb2.web.rcn.net 14.1-RELEASE FreeBSD 14.1-RELEASE releng/14.1-n267679-10e31f0946d8 GENERIC amd64
User : www ( 80)
PHP Version : 8.3.8
Disable Function : NONE
Directory :  /domains/assetenhance/tombstones/

Upload File :
current_dir [ Writeable ] document_root [ Writeable ]

 

Current File : /domains/assetenhance/tombstones/healthcare-3mm-line.html

<!doctype html public "-//w3c//dtd html 4.0 transitional//en"
			"http://www.w3.org/tr/rec-html40/loose.dtd">
			<!--website by pixellence  www.pixellence.com-->
<html>
<head>


<!-- Global site tag (gtag.js) - Google Analytics -->
<script async src="https://www.googletagmanager.com/gtag/js?id=G-CC0LH1KPRK"></script>
<script>
  window.dataLayer = window.dataLayer || [];
  function gtag(){dataLayer.push(arguments);}
  gtag('js', new Date());

  gtag('config', 'G-CC0LH1KPRK');
</script>


<LINK REL="stylesheet" HREF="../aes_styles.css" TYPE="text/css">






	<title>Success Story | Healthcare Staffing</title>
	<meta name="generator" content="bbedit 5.0">
</head>
<body >
  <div align="center">
<table class="content"  cellpadding="0" cellspacing="0"  >
<tr><td align="center" colspan="2"><a href="../index.html"><img src="../images/aesTop.jpg" width="889" height="173" border="0"></a></td></tr>
<tr><td class="Topnav" align="center" colspan="3">
<a class="navTopFirst" href="../About.html">About Us</a>
<a class="navTop" href="../NeilSeiden.html">Management</a>
<a class="navTop" href="../News.html">In the News</a>
<a class="navTop" href="../Success.html">Success Stories</a>
<a class="navTop" href="../Contact.html">Contact Us</a>
<a class="navTop" href="../payment.html">Payment</a>
</td></tr>


<tr><td valign="top" width="197"> 

<div id="leftnav">

<table  class="leftTable" width="197" cellpadding="4" cellspacing="0"  border="0">
<tr><td align="right"><a href="../debtEquity.html" class="navleft">Debt & Equity Financing</a><br/><img src="images/empty.gif" width="190" height="0" hspace="0" vspace="0" border="0" align="right">
</td></tr>

<tr><td align="right"><a href="../M&A.html" class="navleft">Mergers & Acquisitions</a></td></tr>
<tr><td align="right"><a href="../strategic-alliance.html" class="navleft">Strategic Alliances</a></td></tr>
<tr><td align="right"><a href="../strategic-planning.html" class="navleft">Strategic Planning</a></td></tr>
<tr><td align="right"><a href="../Business-plans.html" class="navleft">Business Plans</a></td></tr>
<tr><td align="right"><a href="../cfo.html" class="navleft">CFO Services</a></td></tr>
<tr><td align="right"><a href="../turnaround.html" class="navleft">Turnaround Consulting</a></td></tr>
<tr><td align="right"><a href="../troubled.html" class="navleft">Troubled Company Services</a></td></tr>
<tr><td align="right"><a href="../expense-reduction.html" class="navleft">Expense Reduction</a></td></tr>
<tr><td align="right"><a href="../disaster-relief-loans/forms.html" class="navleft">Forms</a></td></tr>
<tr><td align="right"><a href="../Expedite-IEEPA-Tariff-Claims.html" class="navleft">Expedite IEEPA Tariff Claims </a><br></td></tr>
<tr><td align="right"><a href="../ERC-Services.html" class="navleft">Monetization of ERC </a><br></td></tr>


</table>

</div>

</td>

<td width="692" valign="top" align="left">

<table class="tomb"  cellpadding="5" cellspacing="0">
<tr><td>



<p class="tombstones">
<font color="#058063"><b>Financing Challenge:</b></font><br>
<img style="margin: 0px 5px 5px -10px;" src="healthcare-3mm-line2.gif" width="164" height="129" hspace="0" vspace="0" border="0" align="left" alt="healthcare-3mm-line">A $10 million health care staffing company had problems with the Factor that was financing the Company. The Company was getting frustrated with the Factor and the Factor was getting equally frustrated with the Company.   The Company's financial position had improved and the Factor wanted to transfer the Company to its Asset Based Lending Group which would have been less expensive for the Company.  However, the Company believed that its improved balance sheet qualified for even lower costs.  The financial institution also wanted to charge the Company a large annual fee for taking on the cash management relationship.  The Company did not have this expense with its current cash management relationship.  The Company was introduced to Asset Enhancement Solutions, LLC for assistance in finding a new lender by one of its Trusted Advisors.</p>



<p class="tombstones"><font color="#058063"><b>Financing Solution:</b></font><br>
Asset Enhancement Solutions, LLC ("AES") noted that although the Company's performance and financial position had improved, the Company was still quite leveraged with a Debt to Equity Ratio of 5.3 to 1.  The Company's principals preferred to take significant distributions rather than leave the profits in the Company.  Finding a lender amenable to this situation would be difficult.</p>

<p class="tombstones">AES was successful in arranging a $3,000,000 Line of Credit with a commercial bank at the rate of Prime plus .25%.  This bank provided an advance rate on accounts receivable of 90%.  The total cost of this new facility was 28% less expensive than that which had been offered to the Company by its previous financial institution.</p>







<p><font color="#058063"><b>Contact</b></font><br>Neil Seiden, 516-767-0100<br><a href="mailto:[email protected]">[email protected]</a>
</p>
<p><< <A HREF="../Success.html"><b>Back to index</A></p><br/>
</td></tr></table><br/>
<br/>

</td></tr></table>
</td>




</tr></table>





</div>



</body>
</html>

Anon7 - 2021