The Confidence of Knowing™
Diversified Management Services
Industry: Races & Events Entertainment
Size: 100-200 Employees
- DMS was successful in raising a $1.5 Million line of credit to finance growth and expansion.
Preferred CFO Services
- Raising Capital
- Financial Projections
- CFO Consulting
Prepared a robust process for financial projections, enabling the securing of a $1.5 Million debt facility. Additionally, as a parent company, client benefited from our expertise in improving consolidation process of their information into one single set of financial statements and forecast.
Raising Capital | Financial Projections
DMS had a robust accounting team that provided bookkeeping and financial reporting for each of the separate businesses. The senior management team came to Preferred CFO to assist with securing a line of credit and with various higher level, CFO projects.
- Assisted the process of raising debt capital through appropriate forecast creation and procedures.
- Revamped chart of accounts across all the companies to ensure more seamless consolidation process.
- Implemented more robust cash flow reporting and management process to comply with debt entity’s requirements.
- Provided additional staff as required to get DMS through the extra burden of an external audit.
- DMS was successful in raising a $1.5 Million line of credit to fianance growth and expansion.