PAACO’s detailed action plan for repaying the $59 million loan had significant credibility, as certain of the executives responsible for its repayment with lender’s executives had been familiar with Tucker and his analytical and data-driven approach when he was president of a major commercial finance company that specialized in corporate turnarounds and corporate bankruptcy financing. Owners and their managers in the BHPH industry are no different from those in other industries – they do well when the industry is doing well, but require short-term assistance when the environment is challenging.

Since the launch of Customized CDFS, the team of Lange and Tucker has already provided significant strategic and operational advice to BHPH dealerships looking to improve their cash flow, profitability and operating practices, while increasing the dealership’s enterprise value. Customized CDFS’ consulting services cover each key aspect of the dealership’s procedures relating to purchasing, reconditioning, inventory, sales lead generation, pricing, collections and remarketing of repossessed vehicles, as well as accounting principles, financial reporting and regulatory compliance.

Some CDFS clients have merely required repositioning direction, while others have required major surgery. Each has returned to profitability and positive cash flow. Customized CDFS also provides financial analyses and projections, portfolio valuations and portfolio purchase formulae to assist dealerships with obtaining increases in their bank lines of credit.

As an alternative to bank lines of credit, Customized CDFS provides receivables financing on a multi-year basis through a Master Trust.