Case Study : Turnaround Operations and Obtain New Financing

A Seventy-five year old manufacturing firm was experiencing substantial losses due to weak market conditions. The Lender had made demand, and was pressuring the Company to repay all debts. Kellogg was engaged in order to:

1. Negotiate a one year extension agreement with the Lender. This allowed the Client to focus on turning operations around.
2. Evaluate financing alternatives, in light of operating losses.
3. Obtain $1.5 Million of new financing from a combination of sources: New Commercial Bank, State supported loan fund, New Equity from two sources. Kellogg prepared the financing books, negotiated deal terms and closed the transactions.

Case Studies

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• Medical Products OEM Supplier
• Employee Stock Ownership Plan
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• Strategic Planning and Outside CFO
• Lender With a Substantial Problem Loan
• New England Community Bank
• 40-Year-Old Family-Owned Apparel Manufacturer
• Fast-food Franchisee
• Jewelry Wholesaler
• Start-Up Construction Equipment Manufacturer

What Our Clients Say

“Because of Dave's large-bank experience and his desire to work with small entrepreneurial companies, he is able to be a highly effective bridge between entrepreneurs and financing sources. He provides much more, however, by getting directly involved with the details of the business plan.”

- Randy Spencer, CEO
  Concordia Manufacturing, LLC

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