For over 10 years, TOWER Collateral has been providing Prefunding and post funding site visits to your borrowers warehouses to validate the quality and quantity of the perpetual inventory reports that you are receiving. We have used our proprietary processes to perform inventory survey and counts at the borrowers or their 3rd party logistics providers.
Our valued clients have saved millions of dollars from the utilization of our services by, helping the Lender refining its Borrowing Base Certificates based on current knowledge of the quantity and quality of your collateral. Your appraiser tells you what your collateral was worth. Tower aids in knowing the quality of your collateral on a real time basis.
Lending on inventory who’s age and quality are inaccurate reported and through the Lender knowing their collateral and their borrower better. WE see ourselves as an important addition to the Lender’s own portfolio and risk management operations.
When companies fail, maintainingan ongoing current knowledge of you collateral and understanding of your borrower, our collateral management servicessafeguards your ability to successfully liquidate your collateral.
TOWER’s proven inventory management systems, procedures, and protocol enable you, the lender, to do what you do best – lend money and make money from the companies to whom you finance. For over 10 years TOWER has protected hundreds of companies in a myriad of industries, with success. If you can think of an industry, we have surveyed and counted the collateral inventory. While business appraisals provide valuations to the lender, reviewing the total value of business operations, this is a far cry from actually counting and surveying the actual state of the inventory itself.
Our surveys and counts include opening packages, pallets, cartons, crates, and a myriad of storage containers. We review inventory reporting procedures, security, and protocol, gaining a thorough understanding of who has access to the inventory, and if the company’s systems are providing accurate reporting to the lender. We ascertain the actual quantities and condition of the inventory. Our turnaround time is rapid, and teams are consistently ready to initiate counts and surveys. There is simply no other resource available to you, the lender that will protect your collateral inventory to the extent of the inventory management systems employed by TOWER.