Commercial finance analysis and practical guidance, equipment, working capital, asset-based lending, and strategic debt, for business owners, executives, and finance leaders across the United States and Canada.
Middle-market direct lending hit its lowest quarter since 2023 while bank and asset-based capacity expanded. Why the buyers who run a multi-source process capture the leverage.
Single-family offices now drive 65% of NAV loan demand, and 85% of that borrowing funds acquisitions, not distributions. What the shift means for owners financing against a portfolio.
A 2026 Series A takes 18 to 22% of the company at a reset valuation. For a recurring-revenue business that already clears the revenue bar, that dilution is a choice, not a requirement.
Regional lenders posted a sixth straight quarter of margin expansion. Borrower pricing does not move with it. What an untested 25 basis point renewal gap actually costs, and the 120 day sequence that changes it.
Commercial finance analysis and practical guidance for business owners, executives, and finance leaders across the United States and Canada.