Notes on Specialty Finance

I break down the recent SBA 100% rule change that excludes green card holders from traditional loans and explore the non-bank funding alternatives I see filling the void.

When time is money, the fastest lender wins. Here's what the latest Federal Reserve data tells us about why businesses choose speed over everything else.

In this post, I share my Q2 2026 MCA market observations, reviewing recent Federal Reserve data, regulatory updates from the CFPB, and shifts in institutional participation.

A new data point on private credit caught my attention, and it's worth a closer look.

I co-funded a $699M real estate operator's MCA. The frame I used to bring to underwriting was wrong. Here's what I learned by watching him work.

My personal take on small business funding 2026. Banks are tightening. Here is a simple 3-question framework to evaluate your options when loans slow down.

I read the Federal Reserve’s 2026 report on employer firms asking one question: does the data on merchant cash advances match what I hear daily? The answer is yes. 38 percent of firms applied for financing. 8 percent chose merchant cash advances. When speed equals survival, the math changes.

This week my inbox told me something I already suspected. Real estate operators aren't asking for mortgages. They're asking for capital that matches the clock on a deal already in motion. Here's what I saw, why it matters, and how I think about bridge capital for real estate when timing is the real constraint.

I didn't run this daycare. I witnessed it. Over 10 years, I watched one operator use merchant cash advances 10 separate times. Each aligned with daily revenue. Each enabled growth without cash flow strain. Here's what I learned about flexible capital that fits.

I review how restaurants, clinics, and online sellers use quick capital to manage daily timing. Personal perspective on fast business funding. Educational commentary only. Not an offer or solicitation.

I have been tracking the merchant cash advance market 2026 numbers closely. The data matches what I hear from business owners every day. The US merchant cash advance market is growing around 9 percent a year. Traditional bank lending to small businesses is growing about half that fast. The total market size for 2026 is projected at $35.6 billion. But the real story is not the dollar amount. It is the reason behind the growth. Owners are not turning to MCA because banks said n

I pulled the Q1 numbers this week. Five sectors are leading non-bank capital demand across the country, and they're the same five sitting on my desk most days. Here's what I see when I read these files.