Rescued the firm’s own financing and institutionalized its policies and procedures, enabling it
to effectively service a quickly expanding portfolio of assets under management.
A year after transitioning from its original seven-year owner/operator business model, a young, fast-growing finance broker was struggling to maintain operations. The company’s immature infrastructure was no match for the firm’s wildly successful launch. With major systems and staffing issues mounting, the owners engaged Focus Search Partner’s (FSP) interim COO, a veteran in specialty finance, to guide its efforts. Before tackling the aforementioned challenges, our interim COO addressed the true game stopper—the firm’s commercial line of credit (LOC) riddled with multiple missed debt covenants. In short, the company’s future hung precariously in the balance.
“We sorely needed the industry knowledge and managerial horsepower to match the potential of our business plan, and that’s exactly what Focus Search Partner’s Interim COO gave us. He accomplished more in three months than we imagined was possible, setting us up to continue our exponential growth, which is why we didn’t want to lose him.”
– Chief Executive Officer
Onboarded and collected commercial rental contracts accurately each month
Grew FTO count to adquately support the strategic plan
Consistent and compliant policies