Helping Borrowers Help Themselves: The Case for Turnaround Consultants

With recession fears rising and economic volatility high, now is a good time for banks to revisit the tools available for managing troubled loans. One resource that’s often overlooked—but increasingly relevant—is the turnaround consultant. 

Having spent much of our careers in loan workout (Jason) and turnaround consulting (Ken), we’ve seen firsthand how this arrangement can lead to better outcomes for both borrower and lender—when used appropriately.