At Resolute, we live by a simple truth: the hardest problems are the ones worth solving.
Our Main Street Loan Program (MSLP) portfolio embodies that belief—complex credits, distressed borrowers, regulatory pressure, and tight timelines. These cases aren’t easy. But they’re exactly where our team thrives.
Below are four recent MSLP engagements where deep expertise, disciplined analysis, and strategic execution turned high-risk situations into stable, forward-looking results.
Navigating Aviation Complexity Across Borders and Regulations
A $20MM distressed aviation MSLP credit. Multi-state operations. FAA certifications. Government contracts. Cross-border receivables. Litigation exposure. Minimal liquidity. Diminishing options.
This was the exact kind of high-risk, high-complexity credit many lenders dread.
Resolute was engaged to perform a comprehensive Business Assessment. A ground-up analysis of a highly technical organization with three business lines and deep regulatory oversight. Our team:
- Mapped operational structure, FAA-regulated certifications, and divisional economics to isolate true cash-flow drivers.
- Rebuilt divisional financials and long-dated engineering project visibility, including STC engineering pipelines and government contract margin profiles.
- Identified unreported risks in foreign receivables, legal spend, and capital-structure strain.
- Conducted a full collateral and liquidation analysis covering parts, products, aviation assets, and engineering-in-process.
Armed with this clarity, the bank presented a defensible recovery thesis to the Federal Reserve. Then, Resolute launched a targeted note sale process, curating only aviation-specialty and distressed-credit investors.
The result?
A patient, engineering-savvy buyer, a maximized recovery for the lender, and a stable future runway for the business.
A complex MSLP workout—resolved through precision, transparency, and strategic execution.
Stabilizing a Multi-State HVAC Operator Under Severe Time Pressure
This residential and commercial HVAC provider faced regulatory constraints, financial instability, and a surprise leadership disruption. All under the pressure of an MSLP credit timeline.
Resolute stepped in as Financial Advisor to steer the business through distress toward a structured and favorable MSLP exit.
Our team:
- Oversaw the allocation of proceeds from the strategic sale of one of the company’s entities, generating critical liquidity.
- Realigned operations and financials to support a clean, compliant exit from the MSLP.
- Navigated tight deadlines and regulatory demands without disrupting ongoing service operations.
- Delivered a forward-looking strategy that preserved stakeholder value.
Under intense time constraints, the company achieved stability and regained control of its long-term financial trajectory. Proof that the right process and the right expertise can transform even the most pressured situations.
Reducing Guarantor Exposure and Delivering a Mutual Exit for an Internet Provider
An internet network provider serving the Western U.S., faced financial distress compounded by the regulatory intricacies of the MSLP. The stakes were high—not just for the company, but for the guarantors exposed to significant personal liability.
Resolute’s Credit Enhancement team:
- Assessed the company’s full financial position.
- Facilitated creditor negotiations to align competing interests.
- Crafted a compliant MSLP exit strategy that reduced guarantor exposure.
- Delivered a mutually beneficial resolution for the lender, the guarantors, and the borrower.
In a landscape defined by complex regulations and operational strain, this engagement underscores our ability to protect stakeholders while maintaining strict program compliance.
A Path to Performance and Refinancing for a $68MM Bakery
With $68MM in revenue but break-even performance, this multi-state commercial bakery was heading toward a 2025 MSLP maturity without the financial runway to refinance.
Resolute served as the restructuring advisor, crafting a clear path from stagnation to sustainable profitability.
Our work included:
- Operational enhancements across multi-state bakery operations.
- Financial restructuring and margin improvements.
- EBITDA elevation targeting $3.4MM by 2024.
- Informed the bank’s workout group and MSLP administrators to allow for a successful resolution prior to maturity.
For a company with tight margins and high production complexity, the transformation was significant, positioning the business not only to survive but to thrive.
The Team Behind the Transformation: Resolute’s Credit Enhancement Experts
These results didn’t happen by accident. They happened because of a team with deep banking DNA and hands-on expertise in some of the highest-stakes financial environments.
Former Financial Analyst at Wintrust Bank, Kevin brings years of experience in financial analysis, credit underwriting, and portfolio strategy. His work today focuses on using debt restructuring, valuation, and operational insights to help businesses regain traction and unlock performance.
With over a decade in credit underwriting, structured finance, and asset-based lending, Richard’s analytical discipline and risk-assessment methodology have supported middle-market clients across industries. His structured, data-driven approach strengthens credit processes and drives strategic solutions.
A 20+ year veteran in special assets, distressed debt, receivership, and risk management, Eric has overseen large-scale restructuring initiatives across cannabis, manufacturing, banking, technology, and real estate. His ability to negotiate, mitigate losses, and manage complex stakeholder environments is unmatched.
Hard Work. Real Results.
The Main Street Loan Program demanded a unique blend of speed, technical expertise, regulatory fluency, and strategic creativity. At Resolute, we don’t shy away from that complexity, we lean into it.
The hardest challenges are the ones that matter most. We do things because they are hard.