Turner and Associates

Turnaround and Chapter 11 Consulting

With extensive knowledge and understanding of numerous industries, Turner and Associates, Inc. is a tremendous asset in a turnaround or Chapter 11 bankruptcy situation. Our goal in every engagement is to avoid Chapter 11 if possible and our unwavering commitment to implementing innovative and comprehensive plans are geared toward solving operational and finanacial problems and returning the company to profitability. In those instances when Chapter 11 is unavoidable, Turner and Associates, Inc. works closely with management and debtors council to form the best possible reoganization plan. We are experienced in the reporting requirments of the bankruptcy court and are accustomed to working with creditor committees and creditor council and accountants. Due to our involvement, Chapter 11 cases that we participate in tend to move quickly, saving our clients valuable money while statisfying the needs and concerns of all interested parties.

Bank and Finance Company Workout

Although the company's primary lender is usually the first, other than the company, to recognize signs of distress, these institutions are limited in what they can say or do for their customers. That's where Turner and Associates, Inc. comes in. We have experience in working with companies in many different industries. This experience coupled with our knowledge of the lending and workout process enables Turner and Associates, Inc. the insight to return a company to profitability and then keep them with their existing lender or place them with a lender that better suits their needs.

Crisis Management

Those instances when company management is lacking the experience or knowledge to handle a distressed situation, Turner and Associates, Inc. is available to provide "hands-on" day to day consulting in a crisis management role. Normally, our services in this area are requested by the secured creditor(s) or the bankruptcy court.

Writing Business Plans and Financing Documents

Our experience in writing business plans and preparing financing documents is apparent from the successes that our clients achieve. While writing a business plan for our clients we force management to consider new and innovative ways to increase sales, productivity and profits. Financing documents are prepared by Turner and Associates, Inc. to assist our clients in obtaining new or replacement financing. Our experience in banking and finance aides in our understanding of what a lender requires in a financing document. A financing document prepared by Turner and Associates, Inc. contains all of the pertinent information that the lender requires to make a prompt and often favorable credit decision.

Locating New and Replacement Financing

Whether a company is a "start-up" or has been in business for 100 years, sound financial backing is a key to its success. Companies who have experienced a downturn, due to lost business, bad debts, employee turnover, rising material costs or interest rates, often require replacement financing. Companies in a start-up or expansion mode often require new financing. In either case, Turner and Associates, Inc. can help. Our personal, long standing and ever increasing relationships with bankers and other secured lenders provides us with immediate access to capital markets throughout the midwest and beyond. By understanding the requirements and abilities of our clients and lenders we are able to place financing documents in the hands of reliable institutions who will lend our clients the money they need faster than our clients could accomplish on their own. By taking this burden from our clients, they are able to concentrate on what they do best - run their business.

Merger and Acquisition Financing

Similar to the needs of our new and replacement financing clients, merger and acquisition financing is often required for a company, individual, or group of individuals to merge with or acquire a business. Turner and Associates, Inc. assists our clients both in the negotiation process and with obtaining the necessary financing to complete the transaction.

Troubled Debt Restructuring

Businesses that are experiencing financial strains resulting from overdue receivables, or bad debts, resulting in cash flow problems, past due payables, and loan repayment problems are often assisted by Turner and Associates, Inc. Our long standing relationships and creditability with secured lenders allows us the ability to negotiate with our clients' lending source often resulting in new or increased financing from alternate sources. By developing a functional plan that the primary lender and the company agree to, Turner and Associates, Inc. is able to facilitate the improved cash flow of the business while providing a repayment plan for the lender.

Accounting and Controller / CFO Services

With an ever increasing number of small and middle market companies comes the need for quality accounting staff at an affordable price. Turner and Associates, Inc. provides its clients with both quality and affordability on a part time basis. We will assist our clients with services ranging from monthly journal entries to board meeting presentations and all at an affordable hourly rate.