WOODBURY, N.Y., June 30, 2014 /PRNewswire-iReach/ — Gettry Marcus CPA, P.C., a leading consulting, tax and forensic accounting firm, discusses a bank financing case study conducted by the firm.

A major client with sales volume of over thirty million dollars wanted to simultaneously obtain an increase in an existing line of credit, and secure financing for the purchase of two parcels of real estate. The client presented multiple challenges, including a lack of senior management, renewal and expansion of the credit line that also would permit the company to purchase the two real estate parcels. The project needed to be completed in a four month period.

To help the client overcome these challenges, Gettry Marcus developed and implemented a three part strategy. First, Gettry Marcus focused on the client’s credit line, then on securing a financing commitment for the purchasing of two parcels of land, and finally on reviewing all loan covenants. This was a prudent course of action due to the complexity of the transactions and the time constraints faced by the client.

Gettry Marcus obtained various proposals for the credit line with contingent financing to enable the client to purchase the two parcels of real estate. By obtaining alternative financing proposals, the client was able to reduce the cost of the credit line by half a point and obtain an increase in the operating line of five million dollars. Over the next two months Gettry Marcus prepared, reviewed and assisted with all the financial documentation to successfully obtain an IDA loan and complete the commercial financing. Gettry Marcus completed the project by reviewing financial aspects of all loan documents to ensure that they were consistent with the terms negotiated.

To view additional case studies, visit the Gettry Marcus website.

Gettry Marcus CPA, P.C. is a top New York City and Long Island CPA firm with offices in Woodbury, Long Island and New York City. We provide accounting, tax, and consulting services to commercial businesses, high net worth individuals and various industries which include real estate and health care. We have one of the premier and most credentialed business valuation, litigation and forensic accounting groups in the New York Area. Our experience in diverse industries and a highly talented and experienced professional staff gives us the ability to share valuable insights into our clients’ businesses, to better understand their goals and problems and to help them attain the vision they have for their company.

Gettry Marcus is “Always Looking Deeper” to build value for our clients.

Media inquiries: Contact Fayellen Dietchweiler at 516-364-3390 ext. 225 or at

fdietchweiler(at)gettrymarcus(dot)com

Media Contact: Fayellen Dietchweiler, Gettry Marcus CPA, P.C., 516-364-3390 x 225, fdietchweiler@gettrymarcus.com

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SOURCE Gettry Marcus CPA