Quality Air
Kevin has been running "Quality Air, Inc.", a heating and air conditioning business for about 20 years. The business has been growing about 15 percent a year with sales of $250,000 per year and is profitable generating slack resources. Now approaching his 50s, Kevin is seriously considering recovering the value from his business investment.

-If Kevin wants to explore transfer,he should consider a

Question

Quality Air
Kevin has been running "Quality Air, Inc.", a heating and air conditioning business for about 20 years. The business has been growing about 15 percent a year with sales of $250,000 per year and is profitable generating slack resources. Now approaching his 50s, Kevin is seriously considering recovering the value from his business investment.

-If Kevin wants to explore transfer,he should consider a

Quizplus · Accepted Answer

A workout is a plan or agreement between a borrower and a lender to resolve financial difficulties without resorting to selling off assets or liquidation. It allows for a more flexible and cooperative solution to the financial problem, and may ultimately help Kevin avoid the other options of selling off or walking away from his business.

Quality Air Kevin Has Been Running "Quality Air, Inc.", a Heating and Heating