Exit Planning Exchange breakfast – 6/14/10; “Finding Financing in Difficult Times”
Finding Financing in Difficult Times
Who’s Got Money – A Different Approach
Now is not the time to take your lender’s word on the safety of your financial relationship. It is time for your company’s finance people to meet with other bankers and get them familiar with your company—just in case your current banker pressures you to refinance elsewhere.
Who’s Got Money?
If businesses can find loans from banks these days, the loan rate and fees are higher. The covenants and advance rates are also tighter, a far cry from the “covenant-light” loans that were made in 2005 and 2006.
Industry Spotlight: Airlines and Transportation Costs
We recommend keeping a sharp eye on these developments and how the higher costs will affect your business.
Controlling Costs
It’s time to take a step back and examine the components of the cost side of your business.
Industry Snapshot: CFO Magazine Survey Results—Measuring Up
The areas where senior managers feel they would benefit from better information include: employee commitment, customer satisfaction, innovation, quality of management processes, relationship with supply chain, and brand strength, among others.
FEI: CFO’s and Intangibles
CFO’s need to begin to develop information sets about intangibles.
