Rising Costs, Declining Revenue Expectations: What the Fed’s Small Business Survey Reveals About 2026 The Federal Reserve’s 2026 Small Business Credit Survey describes a cost squeeze: input and wage costs are the top financial challenge, while revenue and hiring expectations have slipped to their lowest levels since 2020. For owners across construction, transportation, manufacturing, retail,...
The Selection Criterion as the True Entry Ticket Why collateral, revenue durability, and useful life decide access to capital before profitability does. Three articles, one correction. Across the three articles in Series One, the real issue was never whether the business was profitable. It was what each financing instrument actually underwrites. Asset-based lending selects for...
Supportable Borrowing Base: The Balance Sheet Ceiling for the Capital Stack Why Facility-Level Compliance Cannot Govern Aggregate Borrowing Capacity A business passes every covenant on every facility and still runs short of cash at the moment the cycle peaks. Each lender reads its own instrument and finds nothing wrong. None of them reads the combined...
Why Equipment Lenders Fund on Useful Life, Not Enterprise Health The Useful Life Coverage Criterion reads the asset’s value, remaining life, resale market, and financing term—not the borrower’s earnings. A weak enterprise is funded on a strong, long-lived, widely resalable machine. A healthier enterprise is declined on a specialized asset with a short remaining life...
May 2026 Industries Served List Press release · May 2026 funding activity A look inside where private credit went to work in May 2026: 22 fundings, $3.84 million, and seven economic regions of North America. Chicago, June 12, 2026. Capital Source®, through its Private Credit Division, closed 22 transactions totaling $3.84 million in May 2026,...
