Wiley Consulting, Inc. provides technical assistance to small businesses and lending operations of all types. It supports borrowers and lenders equally in order that they might work together more effectively and both achieve the results they seek in a balanced and fair relationship. Establishing the relationship between the two is only the beginning. Maintaining that relationship over time is also a challenge, especially during difficult economic times.
To maximize successful operations and profitability, small business owners need to have in place a business plan to guide and monitor their activity annually. Its existence also demonstrates to lenders that they possess the administrative skills necessary to control operations and keep the plan on track. By doing so, commercial borrowers will maintain proper levels of liquidity, leverage and cash flow or the ability to repay debt. These elements are key to the assessment of risk which is the "watchword" of the financial community. In order to grow their business, owners naturally wish to finance expansion at the lowest cost available. The acquisition of quality credit interest ratesrequires the development of successful strategies. Entrepreneurs must learn to communicate and interact with lenders effectively on their terms and in their language. However, it is not enough to simply obtain credit, it must also be maintained. For small businesses, passing Annual Credit Reviews is critical. Preparing for them is essential. WCI provides "hands on" assistance to help business owners make sure they are ready for all critical events when they must interact with lenders.
On the other side of the desk, lending institutions strive to achieve the highest credit quality for their loan portfolios. Since loans are normally the primary assets of the lending institution, maintaining credit facilities with low risk ratings strengthens and improves their safety and soundness ratings. WCI provides lending institutions with short-term contract assistance for special project work in the areas of loan administration and loss mitigation.
Here are just a few of the services WCI provides to help each achieve their respective goals:
Small Businesses:
- Business Plan construction and monitoring
- Evaluation of financial statements and comparison to industry standards
- Recommendations to improve the financial picture
- Creation of complete loan request memorandums that conform to lender's models
- Preparation for annual reviews
- Assistance with workout and re-structure if existing credit facilities are in jeopardy
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