Sound Shore Financial was sought out to assist in the establishment and launch of a bank owned Asset Based Lending subsidiary based on our expertise and experience with a proven track record of success in the industry. SSF was given oversight and various involvements in all aspects including organizational structuring and positioning, as well as providing recommendations for their legal, audit, operational and loan monitoring capabilities.
This subsidiary is now well established as an ABL lender and enjoying profitable success. An ongoing and successful consulting relationship has been sustained with Sound Shore as their exclusive ABL consultant. This division relies solely upon SSF for all major decisions regarding ABL and to perform all Field Exams for their credits.
Through this valuable relationship, Sound Shore Financial has helped them to manage and maintain a quality portfolio with an astounding zero loan losses to date.