Steel Wholesale Distribution
Lalani Steel is a steel wholesale distributor located in Fontana, CA. Advanced CFO was hired by Lalani Steel on the advice of the secured lender to create and administer a loan recovery plan.
Working with management, a recovery plan was created and reviewed with stakeholders including the owners, secured lenders, trade vendors, employees and other stakeholders. The recommended plan called for the liquidation of non-performing inventory and fixed assets. Advanced CFO oversaw the implementation of the recovery plan. The secured lenders were repaid in full, and the recovery plan was accomplished out-of-court, with the company continuing as a going concern.