Notes on Specialty Finance

A look behind the curtain at how I evaluate deals. I explain why my merchant cash advance underwriting ignores FICO and focuses entirely on daily cash flow and renewal strength.

Over $1.25 billion in institutional capital flowed into the space last quarter. Here is my breakdown of the top five MCA capital raises that prove smart money is officially here.

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.