“Trump Lender Services has always provided us with a quality product in a timely fashion.”

F.C.A., Vice President and Regional ABL Audit Manager, PNC Bank

“PNC Bank has extremely high confidence in the collateral auditing capabilities of TLS and their highly experienced and talented staff. Their reports are comprehensive and insightful from a collateral analysis standpoint, but more importantly provide a more detailed analysis and information on the company, accounting practices and personnel. TLS is very responsive to PNC Bank's audit requests, especially those on short notice.”

J.S., Vice President, PNC Bank

Asset-Based Collateral Examinations can be tailored to your specific needs.
The standard scope procedures are as follows:

Accounts Receivable

Inventory

Trend Analysis
Turnover & Dilution
Reconciliations
Aging Spreads
Concentrations
Ship Test
Credit Policies
Past Due Analysis
Confirmation Analysis
Credit File Review
Ineligibles
Credit Memo Review
Cash Application Testing

Components
Procedures
Test Counts
Cost Test
Inventory Turnover
Reconciliations
Gross Profit Test
Slow Moving Analysis
Ineligibles
Gross Profit Rollforward

Accounts Payable

Cash/Other

Trend Analysis
Turnover
Purchase Analysis
Reconciliations
Concentrations
Spreads
Invoice Test

Proof of Cash
Cash Receipts Analysis
Cash Disbursements Analysis
Cash Account Analysis
Notes Payable
Sales Backlog
Insurance Review
Payroll and Real Estate Taxes