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.

Most funders judge revenue-based funding by stack position. I don't. After years in this, what predicts performance is capacity — revenue, bank consistency, and real coverage of what's already owed. Here's why position is the lazy metric.

My personal take on alternative lending trends 2026. Why retailers, restaurants, and trades are funding growth now, and how to match capital to your cash flow.