Notes on Specialty Finance

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.

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.