ABL Advance Rates and the Cash Conversion Cycle: Why Facility Pricing Breaks When Timing Changes How Advance Rate Recalibration Against Current Cash Conversion Timing Corrects the Hidden Pricing Misalignment in Most ABL Facilities SERIES CONTEXT This article is the second in the Forensic ABL Framework and ABL-RBF Stack Series — a three-part series delivering the complete capital structure solution for the businesses the regional bank market is exiting. It is published on the Capital Source thought-leadership platform for financially literate SMB operators, CFOs, and business owners. Article One established the Forensic ABL Facility as a design discipline built on three...
Capital Source Industries Served April 2026
Capital Source®, through its Private Credit Division, is pleased to share its Industries Served List for April 2026. Chicago (May 8, 2026) Key Points: 23 transactions funded in April 2026 $4.36 million deployed across multiple industries 14 states and provinces represented Strong activity across manufacturing, transportation, construction, retail, and food service sectors In April, we funded 23 transactions totaling $4.36 million across a broad range of industries. The month’s activity included financings for manufacturing, transportation, construction, retail, and food service, highlighting the continued diversity of our deal flow. These financings provided operators with capital to support working capital needs, equipment...
ABL Facility Design
ABL Facility Design: Why Borrowing Base Formulas Fail Operating-Cycle Reality How to Size an ABL Facility Using the NWC-CCC-WCC Governance Trinity SERIES CONTEXT This article is the first in the Forensic ABL Framework and ABL-RBF Stack Series — a three-part series delivering a complete capital structure framework for the businesses the regional bank market is exiting. It is published on the Capital Source thought-leadership platform for financially literate SMB operators, CFOs, and business owners. The ABL Void Series established why the measurement problem exists and which businesses it affects most acutely. The NWC-CCC-WCC Governance Trinity Series developed the three operating-cycle...
ABL Void Forensic Alternative Regional Bank ABL Withdrawal
The ABL Void and the Forensic Alternative: What Regional Banks Could No Longer Measure The Measurement Problem Behind Regional Bank ABL Withdrawal — and the Forensic Framework Built to Close It SERIES CONTEXT This article is the capstone of the ABL Void Series — a three-part series examining the structural withdrawal of regional bank capital from the SMB asset-based lending market. It is published on the Capital Source thought-leadership platform for financially literate SMB operators, CFOs, and business owners navigating regional bank ABL withdrawal, borrowing base compression, and working capital lending pressure. The three articles established why the ABL Void...
Working Capital Cycle ABL Peak Demand
Working Capital Cycle Analysis: Why Most ABL Facilities Fail at Peak Demand The WCC Shape Analysis Framework for Facility Sizing, Peak Working Capital Demand, and Operating Cycle Survivability SERIES CONTEXT This article is the third and final operational-variable article in the NWC-CCC-WCC Governance Trinity Series — a three-part series developing the operating cycle variables that determine ABL facility sizing, advance rate calibration, borrowing base durability, and draw management discipline. Article One established NWC Velocity and the NWC Floor Stress Test. Article Two developed the CCC Forensic Assessment and its effect on advance rate calibration. This article develops the Working Capital...