|
The FBMA Cash Advantage Program Keenly aware of the liquidity challenges its members will face with a rebound in
the construction industry, working with Management Services & Associates (MSA) the FBMA Board of Directors has adopted
the FBMA Cash Advantage Program.
Under this program, MSA utilizes its broad and deep building material industry and financial experience to assist members
in pursuing a variety of working capital and liquidity solutions. Understanding the challenges faced by companies in the building supply industry when
it comes to financing operations and growth, George McConnell and Robert Turner founded MSA. Bob and George
may be familiar to many of our members based on their long-term involvement with the building materials industry. Each of
them spent more than 20 years in Georgia-Pacific’s building materials distribution business. George ran the business
for many years, and Bob served in a variety of senior finance and operating capacities. MSA was formed 10 year ago and has
worked with many types of building materials companies across the U.S. In addition to George and Bob’s
knowledge of our industry, the board took into account other advantages offered within the program, including:
- Access
to a comprehensive array of cash generation solutions, depending upon specific needs.
- Quality
services at competitive prices without having to spend time searching for help.
- Generates revenue to help fund FBMA programs, which benefit members.
|
 |
|
|
|
|
|
The FBMA
Cash Advantage Program consists of the following key components:
- MSA assists building
materials firms to understand working capital needs and identify specific solutions.
- Most solutions do not require up front fees or cost.
- Fees for most solutions are contingent upon results delivered by liquidity
solution provider partners.
- MSA is
an aggregator of liquidity solutions, matching a firm’s specific needs to a variety of sources ranging from
banks, asset based lenders, private equity, accounts receivable collections, tax credits, and factoring.
- Because accounts receivable is a significant asset for
building materials firms, the program includes Brown & Joseph, Ltd. as the exclusive account receivable, risk
assessment, and collections service provider.
- Brown
& Joseph provides the industry’s most comprehensive suite of best-in-class receivable management and collection
services, including electronic risk scoring, in-house legal, collections and debt purchase. More
information on Brown & Joseph can be found at www.brownandjoseph.com
- Under the FBMA program, members
will receive competitive contingency fee rates and priority service. Brown & Joseph will rebate a portion of fees
earned, back to FBMA to help fund association activities.
FBMA can members may begin utilizing
this program by contacting MSA for a confidential consultation today.
|
|
|
|
|
