Focus Management Group: January Month in Review
Each month we will be posting an overview article that covers our recent company articles, announcements, and insights. Below is for the month of January.
Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act: PPP Loans Round 2
On December 27, 2020 the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act was signed into law. While the implementing regulations are not required to be issued by the SBA until January 6, 2021, the Act does provide insight into the new and revised programs.
The purpose of this article is to provide an overview of the Act to allow borrowers and lenders to take advantage of potential liquidity enhancements. Click below to read more!
Is This a Good Time for a Borrower to Refinance?
Because we are used to identifying weaknesses in the financial and operating performance of companies, we are also used to identifying the strengths a business possesses. It is those strengths that we are able to identify, highlight and then prove out to new lenders.
Now is the time! Click the article below for more information on how we can help!
FMG Industry Analysis: Crop Farming
Focus Management Group’s broad industry experience is second to none. During this series, we will discuss various industries or industry sectors we are involved with, and how our approach offers solutions to borrowers and lenders experiencing stress.
This article takes a look into the Agriculture sector, but more specifically, Crop Farming. Whether a farmer is growing potatoes, corn, beets, soybeans, rice, or any other crop, Focus Management Group is uniquely qualified to assist during challenging times.
Recent Successful Refinances
There are many businesses who have used a combination of cost cutting, working capital management, and reinventing themselves to survive and even thrive. To support those businesses and their lenders, we have been working with borrowers and lenders who want to stop working together to help the businesses find a new lender.
We identify lenders who are experienced with the industry, the type of collateral, or the story of the company.
Next, we go to market and manage the process of coordinating information flow and guiding potential lenders through the information and the timeline.
Throughout the refinance process we provide all parties with weekly updates to identify the areas of question and concern, the need for new lenders to be added to the list, and the impact of information on the timeline.
Contact us today to see how we can help.