Companies seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the company is going in the wrong direction. The only time the company fails is when it is not possible to do a turnaround anymore. We help companies pivot into more profitable directions where they can expand and grow. It is inevitable that companies will end up making a few mistakes; we help them correct these mistakes.
We help companies turn around their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
A standby letter of credit is a document issued by a bank or financial institution. In the situation that the terms and conditions of a sales contract are not met or default occurs this is a guarantee that payment will occur from the bank or financial institution involved.
Proof of funds is a statement by a bank or financial institution that a depositor has a certain amount on deposit.
A guarantee from a bank or financial institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.
A performance bond is a surety bond issued by a bank to guarantee the satisfactory shipment of products by a seller. By virtue of the performance bond, the bank is obliged to pay the secured amount if certain notice/demand conditions are satisfied.
A Ready Willing and Able letter is a bank-issued document on an applicant’s behalf to show readiness and intent in a financial transaction.