What Lenders Expect from Borrowers Battered by COVID-19 Fallout
By Edward J. Sanz, CTP, Managing Partner, ABTV
The COVID-19 pandemic has created a seismic shock to the economy, slowing and in many cases stopping the gears of commerce. The resulting drop in demand for products and services has been dramatic, with U.S. GDP contracting 33% in the second quarter of 2020. This, in turn, has given rise to an...
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Edward J. Sanz, CTP, is managing partner of ABTV. He has served as a CFO and financial consultant to business owners, boards of directors, and senior management for more than 25 years in the U.S. and abroad. An accomplished finance manager, he focuses on stabilizing and turning around troubled companies in a wide range of industries by improving cash flow, restructuring debt, and returning the businesses to sustainable profitability. Sanz has also provided strategic advice related to corporate governance, succession planning, mergers and acquisitions, and other related transition issues. He is a Chartered Financial Analyst (CFA) and holds a bachelor’s degree in commerce from the University of Virginia and an MBA with honors from Emory University. He has worked with several colleges as an advisor and chief restructuring officer (CRO).
