Our company was established in recognition of outsourcing requirements of the commercial finance industry and has become the largest provider of this specialty service in the nation. We have over 100 full time ABL professionals who perform in excess of 1500 field examinations annually. Our objective is to assist lenders in evaluating the integrity of their customers' collateral by performing pre-loan surveys and rotational collateral monitoring field examinations. We have provided these services to financial institutions that have granted loans, increased credit lines, reduced credit lines, or reduced loan loss exposure based on our field examination reports. We have also helped provide direction for an orderly liquidation of operations.
Communication is maintained with the lender throughout all phases of the fieldwork.
The information gathering techniques we employ are designed to generate comments and recommendations relating to the company's procedures and reporting a loan before it is granted. Once a facility is closed or when concerns with current customer loans arise, we can be involved in performing collateral monitoring and operational reviews with immediate response time. As part of our services, we also try to provide the lender with a greater degree of knowledge and awareness regarding an existing loan as well as a complete evaluation of the collateral. Our field examinations are performed in accordance with the procedures requested by the lender. While our exams generally discuss various aspects of the business, the primary focus of the exam is on the quality of the underlying accounts receivable and inventory.