Assisting client financial relationships during a recession

In 2008, Teresa worked with an Alberta oilfield services equipment provider whose lender called their loan and gave them only 30 days to pay. At the time, many financial lenders in Alberta were worried about oilfield industries and decided they didn’t want to take on the risk. Her client was facing bankruptcy if they could not find a lender who would take on their loan in a very short time period and one that would allow the financial structure to be successful in the current economic climate.

Teresa assisted the client with finding two lenders; one who agreed to cover the bulk of the loan and another one who covered a small percentage, as neither of the lenders wanted to the take over the entire loan.

Teresa helped her client negotiate and structure a financial relationship that worked for all parties, and ensured both lenders could have security but the client could proceed in a fashion that allowed them to weather the economic uncertainty. Teresa’s client successfully came through the 2008 recession and has since achieved a record number of profits.