Tag

commercial finance

4 insights

Cover showing Q2 2026 middle-market direct-lending volume of $33.6 billion, the lowest since Q2 2023, beside a stacked bar of a bank facility's $1.6 billion committed capacity plus a $1.0 billion accordion to $2.6 billion.

The Direct-Lending Slowdown Is a Buyer's Financing Window

Middle-market direct lending hit its lowest quarter since 2023 while bank and asset-based capacity expanded. Why the buyers who run a multi-source process capture the leverage.

Capital Markets & Trends Borrower Advisory

Waffle chart showing 60 of 100 squares in dark navy, representing the 60 percent of online-lender borrowers who reported borrowing costs higher than expected, compared with 32 percent at large banks.

Collateral Verification Is Now the First Diligence Question, Not the Last

Sixty percent of online-lender borrowers paid more than they expected. The gap is not about lender type. It is about what the borrower verified before the process started.

Borrower Advisory Business Case & ROI

Dot plot of June 2026 factory index components showing headline PMI at 53.3 above the 50 line while employment sits at 49.7 in contraction and input prices at 73.0 remain elevated.

Expansion On Paper. A Squeeze Underneath.

A factory index above 50 reads as a growth signal, but hiring is still contracting and input costs are still high. Why financing sized to the headline misreads a margin story as a volume story.

Capital Markets & Trends Borrower Advisory

Single stacked bar. how a blended borrowing base is built, against the cash-flow line offered.

Asset-Rich, Credit-Capped: Why Tightening Operators Borrow Against the Wrong Thing

Asset-rich operators tightening through rising costs often borrow against the wrong thing. Why a cash-flow line caps capacity the balance sheet could exceed, with the numbers.

Borrower Advisory Business Case & ROI

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