Capital Structure Subordinated Debt vs Mezzanine Financing: How Junior Capital Works Subordinated debt and mezzanine financing both sit behind your senior lender, and the labels get used interchangeably. They are not the same instrument. Here is how each one ranks, how each gets paid, what it really costs, and when junior capital makes sense for...
The 13-Week Cash Flow Forecast: How to Build One (and What a Lender Reads in It) Your bank balance tells you where you are. It does not tell you whether payroll clears in week seven. The 13-week forecast is the one tool built to answer that question, and it is the document a lender asks...
Financing a Sales Team: Revenue-Based, Term Loan, or Line of Credit? A sales rep costs cash from the first payroll run and contributes cash months later. How you fund that gap matters more than most owners expect, because the three products owners reach for repay in three very different shapes. You have two or three...
Where Cash Gets Trapped in the Working Capital Cycle Growth does not always create cash. In many businesses, growth consumes cash before it creates it, and the shortfall concentrates at one specific point in the operating cycle. This piece maps where cash gets trapped in the working capital cycle, why layering generic debt onto the...
The CFO’s Four C’s of Capital: Sourcing, Allocation, Reporting, and Management The CFO’s job, at its core, is the stewardship of capital across four linked functions: where it comes from, where it goes, whether it is working, and whether it stays healthy. Get the framework right and every dollar that enters or leaves the business...
