{"id":5879,"date":"2019-12-20T18:51:29","date_gmt":"2019-12-20T17:51:29","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/kluczowe-jest-dofinansowanie\/"},"modified":"2019-12-20T18:51:29","modified_gmt":"2019-12-20T17:51:29","slug":"funding-is-key","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/funding-is-key\/","title":{"rendered":"Funding is key"},"content":{"rendered":"<p>Finding financial resources is very important in the recovery of SME companies. Their absence can lead to the discontinuation of restructuring proceedings or the revocation of the arrangement, resulting in bankruptcy.<\/p>\n<p>A company decides to restructure most often when its liquidity is shaky and it is unable to pay its current liabilities. It therefore does not have the own funds to support its recovery. This, in turn, requires an adequate level of financing, obtained from external sources, concerning not only restructuring plans, but also current operations. Loans, trade credits or finding an investor are a lifeline.<\/p>\n<p><b>The creditor may use<\/b><\/p>\n<p>SMEs usually choose the option of financing with a bank loan, which, however, with the threat of losing liquidity and the low value of the company&#039;s assets, becomes more difficult to obtain from year to year. And in the case of <a href=\"https:\/\/pmrsa.pl\/en\/restructuring-of-companies-soon-change-of-regulations\/\">companies undergoing restructuring<\/a> virtually impossible in court.<\/p>\n<p><i>- <a href=\"https:\/\/pmrsa.pl\/en\/difficult-quarter-fiten-sa-board-decides-to-restructure\/\"  data-wpil-monitor-id=\"1615\">Restructuring without adequate capital support is sometimes difficult<\/a> or even impossible to implement. Unfortunately, financial institutions are usually not interested in providing support because <a href=\"https:\/\/pmrsa.pl\/en\/restructuring-as-a-salvation-for-companies-from-lower-silesia\/\"  data-wpil-monitor-id=\"894\">From the moment the proceedings are initiated, the company is considered to be in restructuring<\/a>, which means an increased risk of cooperation for the bank \u2013 notes Ma\u0142gorzata Anisimowicz, President of PMR Restrukturyzacje SA.<\/i><\/p>\n<p>However, it happens that the bank does not have adequate security for previously granted loans to the company and then decides to support it with the hope of recovering a larger part of the liabilities. A situation when the financial institution involved in <a href=\"https:\/\/pmrsa.pl\/en\/financing-for-companies-2\/\"  data-wpil-monitor-id=\"1822\">company financing<\/a> there is only one bank. As restructuring specialists emphasize \u2013 these are, however, exceptional, specific situations. Most companies cannot count on such support.<br \/>\nRestructuring law comes to the aid of the debtor, securing financial institutions that support the debtor. <a href=\"https:\/\/pmrsa.pl\/en\/quick-repair-opportunity-for-companies\/\"  data-wpil-monitor-id=\"2016\">company under repair<\/a>A creditor who decides to co-finance the debtor may receive more favorable conditions in the composition proceedings.<br \/>\nThis is stated in Article 162 section 2 of the Restructuring Law in force since 1 January 2016, which allows for the granting of more favourable conditions <a href=\"https:\/\/pmrsa.pl\/en\/quick-restructuring-come-to-an-agreement-with-creditors\/\"  data-wpil-monitor-id=\"841\">restructuring these creditors<\/a>, who, after opening the restructuring proceedings, will provide financing to the debtor \u2013 in the form of a loan, bonds, bank guarantees, letters of credit or on the basis of another financial instrument necessary to execute the arrangement.<\/p>\n<p><b>Numerous methods of financing<\/b><\/p>\n<p>According to restructuring advisers, the most common method of financing ongoing operations is trade credit from counterparties. However, it requires the debtor to rebuild good relationships with its partners.<br \/>\n<a href=\"https:\/\/pmrsa.pl\/en\/more-and-more-construction-companies-are-fighting-for-survival\/\"  data-wpil-monitor-id=\"403\">Corporate financing is becoming more and more common<\/a> in repair factoring.<br \/>\nFunding for the company's continued operation can also be secured by finding an investor. For this reason, it is important that the restructuring consultant who manages the recovery process has a team of high-calibre professionals with experience in attracting investors.<\/p>\n<p><i>- Supporting companies in obtaining financing to secure the implementation of their plans is a priority and basic stage in building the architecture of the restructuring project - says Ma\u0142gorzata Anisimowicz. - Our specialization in the comprehensive service of the restructuring process is acquiring investors, proposing financial support options and analyzing its most effective variants for the company - explains the president <a href=\"https:\/\/pmrsa.pl\/en\/pmr-announcement-restructuring-sa-3\/\"  data-wpil-monitor-id=\"1616\">PMR Restructuring<\/a> SA Ma\u0142gorzata Anisimowicz.<br \/>\nThe financing scenarios take into account both loan financing and debt securities issuance.<br \/>\n- The results of our clients' cooperation to date have created partnerships and trust in the proposed range of financial support,\" adds President Anisimowicz.<\/i><\/p>\n<p><b>An adviser will help <\/b><\/p>\n<p>The role of a supervisor or manager in <a href=\"https:\/\/pmrsa.pl\/en\/how-can-i-get-help-with-the-restructuring-process\/\"  data-wpil-monitor-id=\"1914\">restructuring process<\/a> is invaluable. According to Article 26, Section 1 of the Restructuring Law, the supervisor or managers inform about possible forms of financing and cooperate in order to obtain it. The restructuring advisor also plays an important educational role in relation to financial entities, providing information on the specifics of the proceedings and the risks associated with them.<br \/>\nIn addition, through the developed trust of investment funds, resulting from the effects of conducted restructuring proceedings, an advisor providing comprehensive restructuring services both increases the chances of obtaining financing that is favourable in the situation in which the company finds itself and guarantees proper control of the restructuring process, as well as the preparation of the necessary reporting.<\/p>\n<p><i>- Looking for an investor on one's own by an entity that has no experience in this area is a big risk. There is no guarantee of success and the lengthy process may lead the company into a larger financial crisis, ending in bankruptcy,' points out Ma\u0142gorzata Anisimowicz.<\/i><\/p>\n<div class=\"stopka1\"><b>The article appeared in the daily newspaper Rzeczpospolita<\/b>:<img decoding=\"async\" src=\"\/wp-content\/uploads\/2023\/07\/rppl.png\" title=\"\">19 December 2019:<a class=\"alink\" href=\"https:\/\/www.rp.pl\/Biznes\/312199997-Kluczowe-jest-dofinansowanie.html\" target=\"_blank\" rel=\"noopener\">\" Funding is key<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Bardzo wa\u017cne przy uzdrawianiu firm sektora M\u015aP jest znalezienie \u015brodk\u00f3w finansowych. Ich brak mo\u017ce doprowadzi\u0107 do umorzenia post\u0119powania restrukturyzacyjnego lub [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-5879","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"author_category":"","first_name":"Zesp\u00f3\u0142 PMR","last_name":"","user_url":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=5879"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5879\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=5879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=5879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=5879"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}