A furniture factory had to cope with declining sales, after years of growth. Newly opened branches and the increased stock absorbed liquid funds. The company needed fresh money, but the bank did not want to agree to an expansion of bank loans.
In this situation, we developed an action plan to free up liquidity, reduce costs and revive sales. We translated this action plan into a liquidity forecast.
Together with the management, we conducted the talks with the bank and provided them with data and arguments to increase the loans.