Case study overview

For 23 years, Abert Refrigeration Service operated successfully without the need for external financing. However, the COVID-19 pandemic brought unprecedented challenges, forcing the company to seek funding through Merchant Cash Advances (MCAs) due to their convenience.

Although MCAs provided immediate financial relief, they also came with high costs. Abert accumulated a staggering $900,000 in debt. This financial strain resulted in weekly payments of $50,000, threatening the company's stability.

Recognizing the urgency of Abert's situation, we conducted a thorough assessment of their financial standing. We identified that they might have qualified for more affordable financing options like bank loans or factoring earlier. Despite this, our immediate focus was on alleviating the existing debt burden. We negotiated with each of Abert's creditors, securing favorable settlement agreements. Our efforts resulted in a significant reduction of their weekly payments from $50,000 to just $12,500.

By drastically lowering the weekly financial obligations, we eased Abert's cash flow and ensured the company's survival. Our intervention effectively saved Abert Refrigeration Service from potential financial ruin, allowing them to continue their operations and focus on recovery and growth.

Abert's story underscores the importance of exploring various financing options and seeking professional advice during crises. Our expertise and strategic negotiations were pivotal in transforming a dire financial situation into a manageable one, highlighting our commitment to helping businesses navigate through challenging times.