Insights

How to Compare Loan Term Sheets: What Matters Beyond the Rate

The interest rate is the first number every lender quotes and the least useful one on its own. This guide covers the terms that decide what a loan really costs and how it will feel to live with.

Restructuring

Covenant Breach: What to Do Before You Tell Your Lender

A covenant breach usually shows up in the forecast a quarter or two before the test date. How you use that time shapes what the waiver or amendment ends up costing.

Asset-Based Lending Explained: How an ABL Revolver Works

A plain guide to ABL revolvers for owners and CFOs: how the borrowing base is set, what lenders check in a field exam, and where the real costs sit.

Restructuring

Amend and Extend vs. Refinance: Handling a Maturing Loan

When a loan or credit facility nears maturity, you can ask your lender to amend and extend it or refinance with someone new. This guide covers timing, typical terms and a simple way to compare the two.

Acquisition Financing for Lower Middle Market Deals

How the debt side of a lower middle market acquisition usually comes together, from the choice between a bank term loan and a unitranche to what lenders need to see and why deals get re-traded late.

Asset-Based Lending in Canada: What Borrowers Should Expect

Canadian ABL works much like it does in the U.S., with a few local rules that change how much you can borrow. Here is what lenders look at and what to prepare.

SME Lending

Invoice Finance in the UK: How Receivables Facilities Work

Invoice finance turns unpaid invoices into working capital. Here is how UK facilities are structured, what they cost and what to check in the contract before you sign.

Private Credit in Australia: A Guide for Mid-Market Borrowers

Private credit has become a real alternative to the banks for Australian mid-market companies. Here is how it compares, what has changed in 2026 and how to choose a lender that will be there for the life of the loan.

Private Credit vs. Bank Lending: Which Fits a Lower Middle Market Company?

Banks are usually cheaper. Private credit usually lends more and moves faster. Here is how the two compare on the terms that matter, and how to tell which one your financing needs.

Refinancing Mid-Market Debt in Europe: Banks, Direct Lenders and Timing

Refinancing a European mid-market facility takes longer than most borrowers expect. Here is how the market looks after the ECB's 2026 rate rise and how to plan a refinancing so the maturity never sets the terms.

Unitranche Loans Explained: One Facility, One Lender, One Price

A unitranche combines senior and junior debt into a single loan at a single price. Here is how it is built, what it costs and when it is the right structure for an acquisition or refinancing.

SME Lending

Unsecured Business Loans UK: How Lenders Assess SMEs

What UK lenders look at when assessing an unsecured business loan, how these loans are usually structured, why applications are declined and how to prepare a cleaner case.