The untimely death of an entrepreneur left the executor with serious and immediate cash flow issues for his young family as well as the closely held company that was the primary asset in the estate. There was insufficient life insurance to support the family and also operate the business until it could be sold. We provided a two year $1 million working capital loan, secured by the assets in the estate that addressed the immediate needs of the beneficiaries as well as the working capital needs of the company.
Estate Liquidity Loan – case 2
Published On - November 25, 2017
