Statesman Business Advisors - Lender Services

Lender Services

Field Examinations

Statesman has completed thousands of field examinations across a wide breadth of industries throughout North America. We understand that deliberate and timely monitoring of our clients’ asset based loan portfolios is a key for long term success. Our experienced personnel provide customized due diligence and field examination services for banks, asset based lenders, and factoring companies supported by a commitment to superior client service. We specialize in examinations of collateral assets, examinations for factoring and floor plan facilities, books and records integrity checks, and quality of earnings reports. Statesman’s reports are generated using proprietary analyses and/or the client’s preferred reporting format. Typical evaluation techniques applied to accounts receivable and inventory assets include:

  • Borrowing base confirmation
  • Reconciliation of balance sheet presentations to underlying ledgers
  • Analysis of trends in aged accounts
  • Determination of concentrations in account balances
  • Review of past due amounts
  • Turnover analysis
  • Invoice testing
  • Inventory test counts and cost tests
  • Proof of cash
  • Verification of receipts and disbursements
  • Cash disbursements testing
  • Verification of payroll tax payments and insurance

Equipment & Inventory Valuations

As part of our Lender Services, we offer accurate and timely third-party appraisals of business personal property and litigation support for ad valorem tax assessments. Our reports conform to Uniform Standards of Professional Appraisal Practices (USPAP) and are admissible to local taxing authorities, the IRS, insurance companies, regulatory authorities, examiners, and a court of law. Statesman’s Equipment and Inventory Valuations services include appraisals of:

  • Plant Machinery
  • Laboratory Equipment
  • Food Processing Machinery
  • High-Tech Equipment
  • Rolling Stock
  • Oilfield Equipment
  • Inventory (all types)
  • Medical Equipment
  • Office Furniture, Fixtures, & Equipment

Government Guaranteed Loan Assistance

Statesman provides hands-on government loan structuring support and turnkey packaging services to lending institutions throughout the southwestern United States. Assistance includes addressing the concerns of lenders, borrowers and the government, and staying current with policies and procedures that impact applications so that the package information is presented accurately to the government agencies, thereby insuring collectability of guarantees if the need arises. Having prepared applications for over 20 years, Statesman understands challenging eligibility issues and how to work through them. Statesman’s packages are prepared with an unparalleled level of competency and detail in accordance with most current requirements.

Troubled Loan Assistance

In a troubled loan situation, obtaining accurate information upon which sound decisions can be made is of the upmost importance. Statesman’s unique combination of advisory, financial modeling, and field examination skills is ideally suited for working with lenders and borrowers to chart a course for a successful restructuring should the need arise. In this effort, Statesman can work directly with the borrower or on behalf of the bank to develop a solution for the problems at hand.