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We applaud the FDIC’s extremely diligent reaction to the SVB failure. The best solution for SVB borrowers is a quick sale. That said, the new owner will likely consider restructuring the purchased loan portfolio to address shortcomings in the aggregate portfolio that added to SVB’s failure. While you may not have been prepared for the SVB failure, we can certainly help you prepare for the likely restructuring of your banking accommodations (which you should welcome as an opportunity). We’ve been through this before, helping our clients navigate the S&L crisis, the AIG challenge, and the Washington Mutual situation. As business enterprise strategic and legal experts, we are prepared to immediately review your needs going forward, and proactively structure and propose tailored finance accommodations for your new banker. We’ve got you covered with office locations in Boston, MA; New York, NY; and Scottsdale, AZ. Simply call us or email us for immediate resolution. Contact us directly at: Max Riffin | 781-454-9884
Ron Lipof | 617-716-6117 |