Case History: Financial Advisory & Capital Structure Assessment
Multistate Corporate Lodging Services
Atlanta, GA and Jacksonville, FL
Fortis performed a financial and capital structure review for a multistate lodging provider and referred the business to MCA debt resolution specialists while assisting lender communications during a period of financial distress.
Situation
A corporate lodging business with operations across Atlanta, GA, and Jacksonville, FL was referred to Fortis by its primary lender after being moved into special assets. Though the company maintained customer demand and market relevance, it was experiencing severe cash flow strain due to multiple merchant cash advance (MCA) obligations, which were extracting tens of thousands of dollars monthly. The owner, preparing for eventual retirement and transition of the business to his daughter, faced limited options while the company's financial stability eroded under high-cost debt.
Objective
Fortis was engaged to perform a targeted financial review focused on the company's capital structure, debt coverage, and the impact of mounting MCA obligations. The goal was to assess whether the business could stabilize or refinance, and to support short-term communication with the company's bank. Fortis developed a high-level cash flow snapshot, evaluated recent financial performance, and isolated the burden caused by MCA drafts. After assessing the situation, Fortis referred the client to a trusted partner specializing in MCA debt resolution while remaining available to assist with bank dialogue and ongoing support as needed.
Results​​​