Founded in 1996, R&F provides lender due diligence and field examinations consulting services to global money banking corporations, regional and middle market banks, asset-based lenders, finance companies, factors, leasing and floor plan lenders, private equity groups and hedge funds. The borrowing facilities that we analyze can range from zero for a start-up to multi-billion dollar sprawling organization.
Field examinations provide specific and timely facts to the lender regarding the borrower’s collateral. The results of the field examination are used by the lender in conjunction with the CPA’s financial statements to help the lender manage its relationship with the borrower. This article discusses different aspects of a field exam.
Upon his retirement, Joe Amorin is a former Northeast region field exam manager for JPMorgan Chase (Chase Business Credit), sat down with me to answer some questions and impart some knowledge regarding field examinations. Our sit down was published in The ABF Journal, July/August 2014 edition.
The issues discussed here are found in many different industries. However, if a lender or an examiner has a relationship with a technology company, particularly are seller, it should consider all the issues during their due diligence and ongoing analysis. This article was published in The Secured Lender, July 2005.
The field examinations industry has changed for the better over the last 20 years. The process and the examiner have become more sophisticated. The vendors have flourished and the final reports are being used by a wider audience and carry considerably more impact.