Financial Management/Situation Consulting
Temporary CFO Services
Consulting is the active participation of The Easton Group LLC, usually over an extended period of time, advising and interacting with a client with regard to specific business’s financing challenges. The Provider is usually immersed daily in necessary internal and external details, as well as relationships, pertaining to identifying opportunities or detriments to achieving desired financial solutions. While more expensive than counseling (retainer or optional basis), the Provider works directly, and over a period of time, with the client; as well as the client’s attorney and associated professionals. In many cases, a variety of commercial lenders, in tandem with the Provider, may also be involved in achieving satisfactory forbearance arrangements or refinancings involving innovative loan restructurings. While not an agent or employee of the client, the Consultant usually exercises wide latitudes, with permission of the Client, seeking to achieve the necessary objectives.
Business Finance Consulting
The Easton Group LLC (“Provider”) may be engaged by business owners and business management teams (Clients) to provide focused on and off-site business finance consulting.
Scope of and estimated duration of services will be mutually determined by the Client and Provider. Engagements may involve a borrower’s current financial situation; strategies and tactics to address, stabilize or improve a situation, lender/borrower mediations, funds sourcing, emergency courses of action, guarantee considerations, etc. We may, at your direction, also collaborate with your associated professionals.
In certain situations, and to achieve a favorable outcome, the current Lender(s) may need to be replaced through solicitation or other agreed upon methods during this process. In other cases, of course, the current lending relationship may be sought to be preserved or rehabilitated.
It is expected that scope of the consulting services would relate to the business borrower’s current situation. The borrower may be addressing current loan or lender difficulties. The borrower may also be preparing for future borrowing opportunities; either voluntarily or out of necessity.
Engagement Flow:
- No Obligation Pre-Qualification
- Agreement as to Scope and Engagement Objectives
- Letter Agreement
- Initial Client Meeting(s)
- Document review and exposure assessments
- Optional Solutions Chosen to Achieve
- ObjectivesTactics Ratified and Time Lines Defined (Client Approvals)
- Stabilization, as necessary, of a Critical Borrowing Situation
- Action Implementations
- Periodic Progress Evaluations
- Current / Replacement Lender Negotiations
- Replacement Lender Selection Process
- Acceptance of Selected Lender
- Proposal Comparative Evaluations
- Commitment Letter, Loan Documentation, Evaluation & Execution
- Post-Closing Considerations
Fees for such services, to include out-of-pockets expenses, as well as the scope and duration of services, must be determined on an individual case basis. Hourly, per diem, flat fee and retainer programs may be considered. Engagement and Confidentiality Agreements are executed.
We will work closely with your legal counsel, accountant and other associated professionals as directed.
For specifics regarding Temporary CFO and Financial Management Continuing engagements, please click “Contact Us”.
