What Is a Collateral Exam?
A Collateral Examination or Field Examination is:An analysis and written evaluation of a borrower’s collateral, focused primarily on accounts receivable and inventory.
Borrowers sometimes say, “I get an audit of our financial statements from our CPA each year. Why do the Collateral Examiners need to come out to our offices and do the same thing?” Want to learn about the difference between a CPA Audit and an Asset-Based Lending Collateral Exam? Click below!
Accounts Receivable
Most ABL Collateral Exams use Accounts Receivable as their primary collateral.
Inventory
While typically advanced at a lower rate than Accounts Receivable, Inventory is a key part of collateral pools.
Lender Relationships
We help lenders through their due diligence & their unique underwriting strategies.
Who We Work With
We maintain confidential relationships with over 50 lenders nation wide with a mix of large, small, community, and ABL institutions
Our Service, Summarized
We represent out lenders and take a look at more than just the numbers. We adapt to the requirements and scope of each assignment
Our Exam Management Team
Your clients are in good hands
The Cascade Credit Services client team prides itself on its understanding of clients’ industries and businesses. We offer unsurpassed responsiveness, dedication and professional expertise. Each member of the team brings extensive experience garnered both at CCS and at top financial institutions.
Rich Denman
Founder
Wade Owens
President & CEO
Sharon Climer
Exam Services Manager
Bill Ray
Chief Operating Officer
Fred Dougherty
Exam Review Manager
Julia Chapman
Admin Manager
