Notes on Specialty Finance

I have read thousands of trailing 90 day bank statements and processor reports. In this post I explain what a merchant cash advance actually is, how the reconciliation clause works, and why the daily remittance is a risk control rather than a repayment convenience.

I've spent my career working at the intersection of business owners and capital. In this post, I explain what specialty finance is, how non-bank lending works, and why specialty finance companies have become a critical source of capital for businesses that traditional banks overlook.

In this guide, I explain why you cannot transfer a UCC-1 directly. I break down the exact legal process for moving a lien position through UCC-3 Amendment filings and highlight the critical mistakes that leave security interests unperfected.

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.