FAQ – Borrowing Base Non-Compliance

I am going to be out of compliance with my borrowing base at the end of the month – What should I do?

Treat this in the same manner as an upcoming breach discussed here. This may have the added complexity of involving account debtors who are having their own cash flow issues due to the coronavirus pandemic. The sooner you can identify which of your customers are having or are likely to have problems paying their accounts, the sooner you can address the issue.