Utility Contractor Builds a Bank-Ready Budget
The Challenge
The CFO of a Midwestern underground utility contractor was stretched thin by day-to-day operations and didn’t have time to build a formal budget. At the same time, however, the bank required a budget to support new loan covenants.
Our Solution
Springline worked closely with the CFO and owner to model and test multiple scenarios, building an annual budget while ensuring the company could meet its bank covenants and avoid penalties.
Client Impact & Results
On an accelerated timeline, the team delivered a formal, bank-ready budget that met lender requirements and deadlines, along with a repeatable budget model that could be reused each planning cycle. Scenario planning also improved visibility into covenant compliance, turning a static budget into a practical decision tool and establishing a simple rhythm for comparing actual results to plan throughout the year.
