When a Troubled Credit Needs a Workable Path Forward
Having a turnaround plan and understanding whether it can actually work are two different things. In a distressed situation, that...
Forward for Specialty Finance
Pulse
Ballots and Balance Sheets: What the Midterms Mean for Deal Flow and Asset-Based Lenders
Every election cycle, uncertainty in the weeks leading up to a national vote causes private equity sponsors to push back...
Guidance That Holds Up When Business Conditions Do Not
We have all sat across from a prospect who says, “I want a lending partner who understands my business.” That...
Looking beyond the personal credit score
For brokers, advisors and ISOs helping small businesses access capital, personal credit is often part of the conversation. But it’s...
Sponsors Turn Debt Into Distributions: How Leveraged Loan Recaps Became Private Equity’s Exit Substitute
Through the first eleven months of 2025, PE-backed companies issued $70.2 billion in leveraged loans earmarked for dividend recapitalizations —...
Higher Rates, Steady Fundamentals: BMO’s Jon Biorkman on ABL in the Middle Market
Jon Biorkan, Head, U.S. Specialty Finance, BMO The Federal Reserve's September rate increase raised fresh questions about how borrowers on...
When the K-Shaped Economy Meets the Maturity Wall
The “K-shaped economy” and “maturity wall” are frequently used terms in finance but are rarely used together. What happens when...
Collateral First, Hype Second: Mike Semanco on Lending Through the AI Boom
Artificial intelligence and data centers have dominated the conversation about where capital is flowing, but for many middle market borrowers,...
Why Venture Debt Defies Broad Labels
Investors in public business development companies are sending a clear message. As of October 1, 2026, the BDCs tracked by...
Sorry, It Was Nothing Personal
A performance guaranty is not an unconditional personal guaranty of repayment. Yet owners routinely confuse the two, particularly after a...
