Some like to say PQ stands for Pretty Quick because one of the features of our products is a faster route to closing financial transactions. But our original intention was for PQ to stand for Pre-Qualified. At its core, PQ Suite helps middle market businesses be fully prepared for deal making with pre-qualified credentials, credit and valuations. On the financing side of transactions, potential purchasers, investors and lenders know that the middle market companies they see on PQ are already vetted and match well with their financing criteria. Being pre-qualified enhances the leverage of all parties and streamlines the transaction workflow.
From the beginning, PQ has also stood for Post Quantum security. We are committed to delivering the strongest information security and ensuring that our clients can rely upon PQ to keep all of their confidential information safe. Today, there remains global concern within the FinTech community about hacks of private company information, banks, cryptocurrency wallets and deal data. With the advent of quantum computers and their ability to hack even blockchain security, PQ's founders were at the outset and remain today focused on hardening our platform to be quantum computer proof. We have been working for nearly three years with PQ Solutions Ltd. on applications for our PQ-Suite of products. Learn more here https://www.post-quantum.com
PQ Suite utilizes state-of-the-art encryption, full-stack security, and complies with regulatory requirements for information security. Our virtual data room technology has ultra-high encryption that has never been hacked. As stated in the section "About PQ" we are moving toward even higher security standards including post quantum cryptography designed to withstand the most advanced cyber-attacks.
PQ Suite does not use your individual customer data. Your data belongs only to you, is held in highly secure data vaults, is kept confidential and only you control who sees your information, when they see it and how much of it is revealed.
For product and customer experience improvement, PQ Suite does aggregate de-identified data. For example, PQ Suite will utilize de-identified industry and loan request information to ensure we have the right lenders in-network to satisfy current and future customer needs. We also track usage patterns to identify bottlenecks and improve the user experience. As an example, in plain English, we analyze customer traffic patterns so we can identify areas where users get stuck, so we can fix it.
For our full policy, please see https://pq-suite.com/privacy
PQ Suite removes accounts and all related data & files at any time that a client makes a request to do so. PQ also removes all data following cancellation of service.
As a business owner, only you have full control over who has access to your information. You define the team and their respective rights to view, add, and/or edit materials on PQ Suite, whether the team member is an employee or an outside business advisor.
PQ Suite does not monetize individual customer data in any way. For our full policy, please see https://pq-suite.com/privacy
You do. As the business owner, you retain full ownership of your data and can request that your data be deleted at any time.
Current product offerings are:
BorrowPQ - Online software tools for asset-based commercial finance, including preparation, comparison shopping for terms & conditions offered by lenders and consummation of asset-based loans for middle market companies.
SellPQ - Online software for middle-market business exits, with customized virtual data rooms, 6 different company valuation tools and more. Online Seller Guides and live “concierge services” support end-to-end M&A workflow, ultra-secure communications with team members and purchaser prospects, leading to greater rate of consummation of business exits.
ValuationPQ - An online tool that allows a business owner to mathematically calculate the value of their company using six (6) different methodologies. A 30 page report compares each company to a data base of over 34 million companies permitting a comparison of Key Performance Indicators (KPIs) by company type, size and geographic location.
BorrowingBasePQ - A proprietary tool created to help borrowers view their assets the way a lender would view them for purposes of getting a loan. Most borrowers understand how a lender views their company's assets as collateral for a loan.
PQ Community - On demand network of pre-qualified, third party professional service providers vetted and made available exclusively to PQ Suite members. The PQ Community covers over 20 categories of professional services including valuation, insurance, and risk management, legal, investment banking, accountants, wealth managers, tax advisors, management consultants, and much more. Fees for these services are negotiated by PQ customers individually with each service provider.
BorrowPQ is a highly secure workflow tool for middle market asset-based borrowing. It leverages cutting-edge encryption and secure virtual data rooms that you control. BorrowPQ streamlines the debt-financing process from start to finish, connects you with our network of lenders, and helps you shop for the best lending rates, terms, and covenants. You have control of what and how information is shared with each lender you choose.
BorrowPQ is free to use. When you agree on terms and close the loan, lenders pay the industry standard 1% referral fee to BorrowPQ.
At any point in time (and especially in times of economic stress) it is prudent to compare your cost of capital alternatives. BorrowPQ provides a fast, confidential, and cost-effective way to compare lending rates, covenants and lender terms and conditions. You can search for lenders that meet your borrowing requirements - or the BorrowPQ "Concierge" will confidentially search for lenders on your behalf.
BorrowPQ is designed around 4 phases - Preparation, Lender Qualification, Underwriting and Closing/Servicing. Each step of the process is designed to address your specific needs. And every step is supported by our on-demand Borrower's Guide and live human-contact through the PQ Concierge service (which you can reach by phone, text, email, or Zoom) to address your specific needs and questions.
It takes just a couple of minutes to get registered, and right away you can start searching for lenders that match your borrowing criteria and send them a teaser. You contact lenders directly through our ultra-secure loan-shopping capabilities or make use of the PQ Concierge to reach out to lenders confidentially and anonymously on your behalf. Beyond preparation of your teaser, eventually you will also need to collect and organize additional documentation so that lenders can evaluate your credit worthiness. Once you get into discussions with lenders, you will also be responding to their requests for documentation, or to schedule appraisals and asset inspections. Once due diligence is completed, closing and entering into debt servicing becomes a simple checklist process.
Asset-based commercial financing typically takes 6-8 weeks to get to a close. Many of our lenders offer streamlined, integrated processes to accelerate that path. The actual duration is always case-by-case and dependent on how prepared and accurate the borrower's documentation is, and how well qualified the borrower's assets are - both of which BorrowPQ is designed to optimize. Once your teaser is available you will immediately be able to connect to potential lenders over the BorrowPQ platform. If you want greater outreach, the BorrowPQ "Concierge" can anonymously introduce your loan to lenders within minutes. Under the most expeditious timetable, the entire process of document preparation, borrowing base certification, due diligence, appraisals and inspections, negotiation, LOI, closing and dispersal of proceeds takes a minimum of 3 weeks.
Lenders get registered in minutes at https://borrowpq.com/login (choose "registration"). If you have any questions, book a time to chat at https://pq-suite.com/talk-to-us. Or email pq-concierge@pq-suite.com and we'll work with you to get your lending institution on our platform.
Asset-based lending is the business of loaning money secured by business assets like receivables, inventory, machinery and equipment, and real estate. Typical loan types are lines of credit, short term financing, and term loans.
Accounts receivable, inventory, machinery and equipment (M&E), and real estate are the most common assets utilized as collateral for a loan.
BorrowPQ has created a software tool that utilizes two principal models to estimate your borrowing base in much the same way as a lender would: book value and net orderly liquidation value (NOLV). Book value takes your inventory book value and adjusts for items lenders would consider ineligible. NOLV applies discount rates to your inventory book value to determine your NOLV borrowing rate. BorrowPQ provides tools to input your company data and calculate book value and NOLV.
While you remain in the driver's seat, you are never on your own with BorrowPQ. You are supported by (1) our online, in-depth Borrower's Guide that can walk you through every step of the process and (2) our PQ Concierge service (available via phone, text, email, or Zoom) to help with your individual questions and needs.
There is no loan minimum or loan maximum. However, lenders on the BorrowPQ platform are typically offering middle market loans greater than $5 million, and up to $100 million or more.
They only see what you choose to show them. You control what information is shared and with whom. Information uploaded into BorrowPQ is NOT accessible by lenders until you explicitly choose to share this data. You have control over which lender sees what financial data and when. For example, if one lender asks for additional information, you control whether you share this additional information with other lenders.
SellPQ is a highly secure online M&A workflow management tool that leverages cutting-edge data encryption within secure virtual data rooms. An important part of the SellPQ service for your company is our valuation process that provides 6 different valuation methodologies. We use proprietary tools utilizing a 30+ million company database. SellPQ streamlines the M&A process from start to finish and connects you with potential buyers. You are always in full control of which information is shared and who may see it.
Selling a company is a complex process. SellPQ greatly simplifies it while potentially saving millions of dollars in fees for individual company owners. Transaction fees from 3rd party advisors can be as much as 6% to 10% of the ultimate company sales price. It is therefore not surprising that most middle market companies prefer to DIY the sale of their enterprise. Unfortunately, nearly 2/3rds of company owners are dissatisfied with the results. Most have never sold a company before, they are not familiar with what steps to follow, nor do they know what issues to take into consideration. SellPQ is the ultimate M&A workflow tool for company exits. SellPQ provides step-by-step guidance and saves users time and money.
SellPQ is designed around the 4 phases of a company sale - Preparation, Prospecting, Deal Making and Closing/Integration. The workflow consists of 15 steps customized to your specific needs. Each step is supported by our integrated Seller's Guide and live, human-contact "PQ Concierge" service (available via phone, text, email, or Zoom) to help with your individual questions and needs.
There is an initial $500 Set Up Fee that provides access to 6 different company valuation methodologies and a comprehensive, custom 30-page Company Valuation Report. Thereafter, SellPQ is free to use. When you agree on terms and close the deal, SellPQ is paid a 1% referral fee.
It takes less than 5 minutes to register. How much time you spend will depend on how active you are preparing for and marketing your deal. If you are in negotiations with multiple potential purchasers, it will depend on the complexity of the due diligence process with each prospect. Using SellPQ will streamline your work and help you at each step to be prepared and execute accordingly. In the complex and time-consuming task of selling a business, SellPQ will save you time and money, and improve the probability of a successful outcome.
For example, the time you spend assembling documentation (Step 3) will depend upon whether you already have company background information, historical financials, balance sheet and P&L information, and financial projections already in place. The good news is that once assembled, all your documentation is secure and well-organized.
With SellPQ you easily and securely share your documents with any number of purchaser prospects - saving you much needed time. Ultimately your overall time commitment on SellPQ will depend on your success with prospecting, deal negotiations, due diligence, and integration planning. See FAQ "How long does the entire "company exit" process take?"
Typically, you should expect the entire process of selling a company to take about 12 months. If a quick exit is required due to financial stress or an unsolicited offer to purchase the company, months can be shaved off the timeframe. An extremely fast exit might be accomplished in 3 months if no obstacles are encountered. Under normal circumstances you need to carefully consider all your objectives for undertaking the sale. Once underway SellPQ's tools will help you with assembling your internal team and outside advisors, preparing your documentation, determining alternative values for your company, marketing your deal, negotiating with potential purchasers, conducting due diligence, closing the deal and integrating with the purchaser.
While you remain in the driver's seat and do all the decision-making, you are never on your own with SellPQ. You are supported by (1) our online, in-depth Seller's Guide that can walk you through every step of the process and (2) our PQ Concierge service - available by phone, text, email, or Zoom - to help with your individual questions and needs regarding use of the PQ tools.
SellPQ produces comprehensive valuation reports based on 6 well-established industry standard methodologies including a patented process that compares your company to over 30 million other businesses: Equity Valuation, Asset Sale Valuation, Enterprise Valuation, Liquidation Valuation, Discounted Cash Flow (DCF) and Price/Earnings (P/E) multiples.
You control what information is shared and with whom. Information uploaded into SellPQ is NOT accessible by potential purchasers until you explicitly choose to share this data. Even then you have control over which potential purchaser sees what financial data and when. For example, if one interested party asks for additional information, you control whether you share this additional information with other potential purchasers. You disclose your information selectively like peeling an onion.
Over 30% of all company sales occur because of an unanticipated event - a sudden economic downturn, health issues for a key management member, or an unsolicited offer from a third party. SellPQ helps you be prepared for these unexpected events. Even when a company owner decides well in advance to undertake an exit, it often takes months to prepare. Historically, there is a strong correlation between being prepared and deal satisfaction; you get the best deal when you are prepared. Market research shows that 45% of all sellers did not expect to sell and 20% of buyers were not planning on making the purchase they ultimately finalized. Furthermore, while 67% of middle market business owners expect to pass the business to the next generation, only 30% actually do.
SellPQ prepares you to take action either when necessity demands a sale, or an opportunity presents itself.
ValuationPQ provides state of the art business valuation tools. Every business needs a full and comprehensive report of their value to secure optimal transaction results. PQ's proprietary business valuation tools give you six industry standard methods to value your business with the bonus of comparison to millions of other businesses. You get a professional 30-page report that outlines the 6 valuation methodologies, provides mathematically correct valuation alternatives, and gives you Key Performance Indicators (KPIs) comparing your company with comparable companies. The ValuationPQ report lets you put a "stake in the ground" with potential purchasers by arming you with a solid basis for your proposed asking price.
ValuationPQ leverages big-data and proprietary techniques to give users empirically defensible and industry standard business valuations as a baseline for capital funding.
ValuationPQ is available for $1000 one-time fee.
It takes just a couple of minutes to get registered, and right away you can start loading your data into the calculation templates. If you have your financial information at hand, the entire process can be completed in an hour or less. More often, you may need time to gather all the information you need. It is probably safe to assume it could take 8 hours to gather your information and then test a variety of assumptions such as revenue growth, EBITDA percentages, and other factors affecting future growth.
While you remain in the driver's seat and make all the decisions, you are never on your own with SellPQ. You are supported by (1) our online, in-depth Guide that can walk you through every step of the company valuation process and (2) our PQ Concierge service - available by phone, text, email, or Zoom - to help with your individual questions and needs.
ValuationPQ produces comprehensive valuation reports based on 6 well-established industry standard methodologies including a patented process that compares your company to over 30 million other businesses: Equity Valuation, Asset Sale Valuation, Enterprise Valuation, Liquidation Valuation, Discounted Cash Flow (DCF) and Price/Earnings (P/E) multiples.
You control what information is shared and with whom. Information uploaded into ValuationPQ is NOT accessible by potential purchasers until you explicitly choose to share this data. Even then you have control over which potential purchaser sees what financial data and when. For example, if one interested party asks for additional information, you control whether you share this additional information with other potential purchasers. You disclose your information selectively like peeling an onion.
Over 30% of all company sales occur because of an unanticipated event - a sudden economic downturn, health issues for a key management member, or an unsolicited offer from a third party. ValuationPQ helps you be prepared for these unexpected events. Even when a company owner decides well in advance to undertake an exit, it often takes months to prepare. Historically, there is a strong correlation between being prepared and deal satisfaction; you get the best deal when you are prepared. Market research shows that 45% of all sellers did not expect to sell and 20% of buyers were not planning on making the purchase they ultimately finalized. Furthermore, while 67% of middle market business owners expect to pass the business to the next generation, only 30% actually do.
ValuationPQ prepares you to take action either when necessity demands a sale, or an opportunity presents itself.
BorrowingBasePQ provides state of the business asset valuation tools.
BorrowingBasePQ provides proprietary calculators that leverage industry-standard balance-sheet asset valuation calculations to give you a valuation of you business assets from the perspective of the lender.
BorrowingBasePQ is $500 when you are seeking to merely understand how much your assets may be worth to a potential lender. For example, if you are considering using your company assets to finance short term capital needs, to buy a second home, pay for college tuitions, etc. However, if you have decided to actually borrow money and shop for the best lender using BorrowPQ, BorrowingBasePQ is available for free as Step 4 in Phase 1.
BorrowingBasePQ helps you determine how much money a lender would provide if you use your assets as collateral for a loan. Most companies tend to have an exaggerated view of the value of their assets as collateral. BorrowingBasePQ helps align both the borrower and the lender around the actual collateral value of your assets. Whatever your borrowing needs, BorrowingBasePQ will help you put a realistic perspective around what you may expect as the actual cash proceeds from a loan
The BorrowingBasePQ tool is a mathematical calculator that helps you assemble your income & expenses, assets & liabilities and your debt schedule. It then helps you age your receivables, and value your inventory, machinery & equipment, and real estate. Thereafter, all this information is combined into a report that presents a comprehensive picture of your "Borrowing Base" for a potential lender to review.
It takes just a couple of minutes to get registered, and right away you can start loading your data into the calculation templates. If you have all your financial information at hand, the entire process can be completed in an hour or less. More often, you may need time to gather all the information you need and, if you do not have recent appraisals for the value of your machinery, equipment and real estate, it could take weeks to pull all the needed information together. If you need up to date appraisals, it is probably safe to assume it could take 2 or 3 weeks to gather your information and then test a variety of assumptions such as receivables aging, inventory valuations, and other factors affecting the collateral value of your assets.
Asset-based lending is the business of lending money secured by business assets like receivables, inventory, machinery and equipment, and real estate. Typical loan types are lines of credit, short term financing, and term loans.
Accounts receivable, inventory, machinery and equipment (M&E), and real estate are the most common assets utilized as collateral for a loan.
BorrowingBasePQ has created a software tool that utilizes two principal models to estimate your borrowing base in much the same way as a lender would: book value and net orderly liquidation value (NOLV). Book value takes your inventory book value and adjusts for items lenders would consider ineligible. NOLV applies discount rates to your inventory book value to determine your NOLV borrowing rate. BorrowPQ provides tools to input your company data and calculate book value and NOLV.
While you remain in the driver's seat, you are never on your own with BorrowingBasePQ. You are supported by (1) our online, in-depth Borrower's Guide that helps you through every step of the process and (2) our PQ Concierge service (available via phone, text, email, or Zoom) to help with your individual questions and needs regarding PQ's tools.
There is no loan minimum or loan maximum. However, lenders on the BorrowPQ platform are typically offering middle market loans greater than $5 million, and up to $100 million or more.
They only see what you choose to show them. You control what information is shared and with whom. Information uploaded into BorrowingBasePQ is NOT accessible by lenders until you explicitly choose to share this data. You have control over which lender sees what financial data and when. For example, if one lender asks for additional information, you control whether you share this additional information with other lenders.
An online directory of dozens of third-party professional service providers vetted and made available to customers of the PQ Suite. PQ Community members cover about 40 categories of professional services including cost reduction services, insurance advisors, law firms, investment bankers, accountants, wealth managers, tax advisors, management consultants, etc.
Companies apply to PQ to become part of the PQ Community. PQ will permit listing if the company is well-known to PQ executives and has a history of high-quality service provision. In the case of applicants that are not well-known to PQ, management reference checks are undertaken with the company's clients, the Better Business Bureau and, if appropriate, governmental agencies.
Fees for these services are negotiated by PQ customers individually with each service provider.