CO-CREATE | CO-DEVELOP | DELIVER
Co-creating the future with our clients
The client is a middle market provider of personal and business banking services. The company offers deposit products such as checking, savings, money market accounts, certificates of deposit, and individual retirement accounts.
The client called and asked if PKF Texas could do this project in a two-week time frame and if PKF Texas had experience with Quality of Earnings.
In order for the client to get other banks to participate in a large loan facility alongside them, PKF Texas performed a Quality of Earnings report, which resulted in the client securing the loan facility for their relationship.
Current customer of the client was looking to borrow additional money to fund an acquisition; the client needed to syndicate the loan to other banks; other banks were not familiar with the customer and wanted some additional information and analysis in order to make their decision.
Customer needed to close the deal quickly; the client was at the mercy of the consortium of banks to get a syndicated deal for their customer.
Typically banks will do a lot of their own financial due diligence, but in this case, time was of the essence, and the other banks felt better having an independent firm perform the procedures.
