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Forbearance Agreement Withdrawn | Banking Advisory Services – Bucks County, PA

  • Pat Farrell
  • Oct 31, 2024
  • 1 min read

When a 30-year, family-owned business in Bucks County faced a bank-issued forbearance agreement after missing a single annual loan covenant, the stakes were high. Rather than engaging legal counsel and entering a costly litigation process, the client brought in Cascade Capital Advisors to leverage its expertise in commercial loan documentation and banking compliance procedures. Through detailed correspondence and multiple conference calls with the bank, Cascade successfully demonstrated compliance and negotiated the withdrawal of the forbearance agreement, saving the client over $200,000 and preserving the banking relationship.

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