- Industry | Steel Processing & Distributor
- Existing Loan Size | $225MM
- Three inventory collateral classes, including in-transit inventory.
- Volatility in the commodities market, specifical steel.
- Understand sophisticated reports and systems utilized to track and value inventory.
- Developed 10% FOB destination reserve as lender was unaware of shipping terms during survey.
- Detailed review of the customer rebate program was performed on both the customer and vendor side due to significant historical activity.