Notes on Specialty Finance

Merchants and brokers love to showcase healthy ending balances on bank statements. But I know that a single month-end number can hide dangerous intraday cash flow problems. Here is why the real metric that predicts my default risk is the low water mark.

When I underwrite a merchant cash advance, I look at failed payments before I look at total revenue. Here is why recent payment history tells me more about a business's current health than past sales.

I break down the automated payment collection process in merchant cash advance. Learn about the direct bank withdrawals and credit card splits I use to secure MCA transactions.

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.

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.