Collateral Value in LBO Financing: A Guide to Asset-Based Debt (ABL) Series Introduction This is the second chapter in the Small to Middle Market LBO Financing Manual. In Part 1, you learned how leverage increases return on equity and why lenders use debt capacity as the starting point for any acquisition. This article continues the...
Capital Source November 2025 Impact: 19 Private Credit Deals Across Capital-Intensive Industries This November 2025 impact statement summarizes how Capital Source’s Private Credit Division deployed $6.9 million across 19 transactions, supporting capital-intensive businesses in logistics, retail, manufacturing, and other sectors across North America. Key Points 19 transactions closed between November 1–30, 2025, totaling $6.9 million...
LBO Basics for Small Business Buyers: How Debt Financing Multiplies Return on Equity Series Introduction This article launches the Small to Middle Market LBO Financing Manual. The concepts here set the foundation for the full series. In the chapters that follow, we break down collateral evaluation, cash-flow analysis, lender expectations, and deal structure — all...
How to Build a DSCR Loan Package Lenders Approve This article is the final phase in our DSCR series. Earlier segments explained how lenders review DSCR, how DSCR changes between acquisition and refinancing, how to stress-test DSCR like a lender, and which underwriting ratio limits loan size first. Now we bring everything together and show...
Which Ratio Limits Your Loan First? DSCR vs. Debt Yield vs. LTV vs. ICR This article continues our DSCR series by moving beyond coverage alone. In the earlier phase, we explained how underwriters review DSCR and how the same ratio changes meaning as DSCR shifts between acquisition and refinancing. We then covered how to stress-test...
