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Turnaround & Restructuring

Guiding small businesses through financial challenges with tailored strategies that restore stability and protect long-term value.

Overview

When financial pressures threaten a small business, Fortis Business Advisors delivers rapid stabilization and value preservation through tailored turnaround and restructuring solutions. As operators and small business owners, we understand the urgency and complexity of distressed situations, offering a hands-on approach that bridges the gap between business owners, lenders, and their professional advisors. Whether navigating lender workouts, pursuing Chapter 11 Subchapter V bankruptcy for streamlined reorganization, or executing strategic exits, we provide end-to-end solutions to preserve value, optimize recovery, and position stakeholders for success.

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Our proven process - Analyze, Stabilize, Optimize, Maximize - swiftly identifies actionable strategies to improve profitability, liquidity, and long-term sustainability. We specialize in strategic liquidity management: developing 13-week cash flow forecasts, projecting working capital needs, monitoring borrowing base compliance, and identifying alternative funding sources, including SBA, ABL, and Factoring. By maximizing asset efficiency and negotiating with stakeholders - from lenders to suppliers - we secure critical financial flexibility to stabilize operations and position a small business for recovery.

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As an extension of a small business's management team, we provide on-site guidance informed by cross-industry experience. What sets us apart is our "skin-in-the-game" mentality - bringing the perspective of operators who have faced similar challenges. Whether serving as Chief Restructuring Officer (CRO) in Chapter 11 Subchapter V cases or guiding out-of-court restructurings, we offer unbiased insights and expert guidance on debtor-in-possession (DIP) financing, cost reduction, and asset monetization. Our goal is to strengthen small businesses, ensure access to capital, and create lasting positive change for all stakeholders.

Key Areas of Expertise

Specialized services designed to stabilize finances, optimize operations, and guide businesses through restructuring to ensure long-term viability.

Liquidity & Cash Flow Management

Strategic Liquidity Management

13-Week Cash Flow Modeling

Working Capital Optimization

Operational & Performance Improvement

Operational Restructuring & Efficiency

Cost Reduction & Profitability Strategies

Revenue Growth & Margin Improvement

Post-Bankruptcy Performance Monitoring

Capital & Stakeholder Solutions

Debt & Capital Optmization

Asset Monetization & Liquidation Analysis

Exit Strategy Planning

Stakeholder Negotiation & Communication

Chief Restructuring Officer (CRO) Services

Risk & Legal & Advisory Services

Risk Assessment & Mitigation

Subchapter V Bankruptcy Guidance

Business Valuation & Validation

Expert Witness Services

HOW WE HELP

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Strategic Financial Roadmapping

Actionable financial roadmaps to stabilize cash flow, validate viability, and drive data-led decisions - aligned with lender requirements, owner goals, and real-world conditions.

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Debt Restructuring & Lender Collaboration

Validated workout plans, capital structure realignment, and bridge lender partnerships to stabilize cash flow, reduce risk, and secure sustainable financing.

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Crisis & Interim Management

Immediate liquidity triage, stakeholder consensus building, and Subchapter V crisis leadership to stabilize operations, protect value, and restore forward momentum.

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Cost Intelligence & Profit Optimization

Operational triage, margin rescue strategies, and sustainable cost restructuring to stabilize cash flow and align with turnaround priorities.

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Inventory & Asset Monetization

Inventory audits, appraisals, liquidation valuations, and targeted promotions - including store closing and "Pop-Up" sales - to unlock trapped capital and maximize cash flow.

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Owner-Centric Financial Training

Sustain recovery gains through cash flow discipline, exit strategy prep, and refinancing readiness to secure long-term resilience or liquidity.

How We Help
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Restructuring & Bankruptcy Services

Fortis Business Advisors delivers owner-facing Chief Restructuring Officer (CRO) leadership and advisory support in Chapter 11 cases - including both traditional and Subchapter V filings - and provides specialized support services in Chapter 7, Chapter 12, and Chapter 13 matters, including valuation, liquidation strategy, and expert analysis. Our approach brings corporate-level turnaround expertise to small and midsize businesses, guiding owners through operational triage, reorganization planning, creditor negotiations, and asset monetization. Whether serving as CRO, financial advisor, or valuation expert, Fortis bridges the interests of owners, attorneys, lenders, and trustees to stabilize operations and position businesses for plan confirmation, refinancing, sale, or orderly exit.

13-Week Cash Flow & Borrowing Base

Court-Mandated Liquidity Planning

Develop rolling cash flow projections and borrowing base analysis to demonstrate operational viability and support plan confirmation.

Asset & Inventory Valuation & Monetization

Accurate Valuations, Strategic Sales

Maximize recovery by combining asset and inventory valuations with targeted sales strategies - including store promotions, closing events, bulk transactions, and "Pop-Up" liquidations - to convert assets into cash.

Expert Witness Testimony

Credibility in Court Proceedings

Provide testimony on asset and enterprise valuations, operational feasibility, and turnaround strategies to support plan confirmation and resolve disputes.

Collaboration with Bankruptcy Attorneys

Aligning Legal Strategy & Operational Reality

Assist in drafting reorganization plans and creditor communications to meet court deadlines and trustee expectations across Chapter 11 and other filings.

Lender Negotiations

Bridging Owner and Creditor Priorities

Facilitate lender negotiations, align capital structures, and prepare compliant refinancing packages to restore trust and operational continuity.

COMPLEMENTARY INTEGRATED SOLUTIONS

A comprehensive range of strategic services specifically designed for small businesses tailored to enhance our Turnaround Management solutions and ensure optimal results.

Success & Insights

FEATURED SUCCESS

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MCA Impact & Turnaround Plan

Multi-Location Uniform Apparel Retailer

Fortis helped stabilize a cash-strapped retailer facing MCA debt, enabling accelerated collections, improved cash flow, and a successful employee-led turnaround after the owner exited.

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Turnaround & Restructuring

Consumer Products Manufacturer & Distributor

Through a 4-Phase turnaround approach - Analyze-Stabilize-Optimize-Maximize - a strategic plan can be developed that leads to viable performance improvements and a troubled credit exit.

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Turnaround & Restructuring

Small-Fleet Trucking & Logistics Company

Small businesses can turnaround and regain optimal performance when a comprehensive business analysis and 13-week initiatives pinpoint challenges, control cash, and help mitigate additional losses.

Entrepreneur & Business Owner

We turned to Fortis and found expertise mated with excellence, all with a heart for small businesses, like ours.

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Assignee & Attorney at Law

Please consider this the highest recommendation possible for services provided by Fortis Business Advisors. I would recommend Fortis without reservation.

Commercial Finance Lender

As a preferred partner, Fortis Business Advisors and their team helped to turn a tough situation around for one of our transportation clients.

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FEATURED INSIGHTS

FEATURED INSIGHTS

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An analysis of the impact that current and projected interest rates will have on a loan for an acquired business, including inflation effects.

Ben Nicholson, President at Fortis Business Advisors
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An immediate cash solution for small businesses that can lead to deeper distress.
 

Ben Nicholson, President at Fortis Business Advisors

OUR APPROACH

When financial distress strikes, small businesses need a clear, actionable roadmap to survive and thrive. At Fortis Business Advisors, we combine hands-on operational expertise with institutional-grade financial strategies to stabilize crises, rebuild value, and position a small business for sustainable success. Our proven 4-phase framework ensures no opportunity for recovery is overlooked. 

Turnaround and Restructuring Framework

What are the keys to turning a small business around in today's economy?

Find out more about turnaround strategies in our free talk.

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