Structure capital around the business you are building.

Establish what the business can support

Profitability is an important starting point, but repayment depends on cash flow. Receivables, inventory, taxes, capital expenditures, distributions and existing debt payments can all affect the cash available to service new borrowing.

We assess debt capacity using the company’s operating profile, forecasts and existing obligations. Downside scenarios help reveal pressure points, liquidity needs and potential covenant constraints. This analysis supports a reasoned financing request and a clearer discussion of risk.

Match the financing to its purpose

Different assets and activities produce cash over different periods. The structure should reflect that timing and the company’s wider requirements.

Growth and operations

Working capital, operating facilities, equipment and term debt should be considered together, including seasonal needs and the cash required before growth generates collections.

Acquisitions and ownership changes

Acquisition, management buyout and succession financing require attention to the combined business, the funding mix and obligations after closing. Recapitalizations also need a sustainable capital structure.

Property and projects

Commercial real estate, construction and development financing need a clear view of project costs, funding timing, completion requirements and the intended source of repayment or refinancing.

Prepare information that supports a credit decision

A lender needs an understandable account of the business, the financing purpose and the risks. We help organize financial statements, interim results, forecasts, existing facilities and supporting business information into a financing memorandum or lender presentation suited to the mandate.

Preparation includes examining assumptions and reconciling the story to the numbers. We help management anticipate questions about customer concentration, cash conversion, security, management capacity and the investment being financed. Gaps are easier to address before they delay a lender’s review.

Evaluate the structure beyond the interest rate

A lower rate can come with faster principal repayment, tighter covenants or reduced flexibility. We compare term sheets across amortization, maturity, fees, reporting, security, guarantees and prepayment conditions, alongside the headline rate.

Covenant analysis and repayment modelling help management understand how proposed terms interact with operating plans and future borrowing needs. For refinancing, we also consider the existing facility’s exit requirements. As a transaction progresses, we can coordinate financing information and closing requirements with the lender and professional advisers.