From the due diligence phase to the collateral review phase and, if necessary, to the receivables liquidation phase, On-Site Associates, LLC provides quality receivables collection and portfolio evaluation services to the Lending Community.
On-Site Associates, LLC offers the following services:
Accounts Receivable Portfolio Evaluation
Lenders often look to the borrower’s accounts receivable portfolio when extending borrowing capacity and as a primary source of loan repayment. In order to make the most informed business decision, lenders need an understanding of how well the borrower administers their billing, credit and collection functions since their performance in these areas will have a direct impact on the short-term liquidity of the accounts receivable portfolio and its ultimate realizable value.
To provide you with this knowledge, On-Site Associates, LLC will visit your borrower in order to:
Our portfolio evaluation services are particularly useful when existing loans are scheduled for renewal, classified as non-performing or under-performing, or should the borrower file for bankruptcy protection or undergo an out of court insolvency-type proceeding.
Receivables Liquidation Services
These services are our firm’s preeminent area of expertise and have proven invaluable to commercial and asset-based lenders seeking a cost-effective alternative to the forced liquidation of accounts receivable. On-Site Associates has collected hundreds of millions of dollars in receivables for our lending community clients by using these proven approaches and our recovery rate has consistently exceeded our clients’ expectations. Our receivables liquidation services are especially cost-effective and are typically administered in the following manner: