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In today’s competitive marketplace, sophisticated financial executives know the capital stack is more than just balancing the debt and equity mix; it’s about squeezing every last droplet from your capital structure to maximize return on invested capital.  When you need significant growth capital, but want to avoid the permanent dilution of selling equity, mezzanine debt can become your most powerful tool. For established companies hitting the $5 million EBITDA mark, you’ve “l

In the mid-market, capital strategy is about using every tool in the toolbox to your advantage.  CEOs and CFOs often face a familiar dilemma: growth outpaces liquidity, but cash-flow-based credit options lag behind. Asset-based lending (ABL)   sits quietly in the middle: a flexible, data-driven structure that transforms a company’s balance sheet into a revolving source of liquidity. Used correctly, it’s not just a funding mechanism; it’s an operating strategy that can enhance

What “Non‑Dilutive” Means—in Practice Non‑dilutive capital provides   cash to companies   without the need to surrender future upside . It is not a monolith; each type of non-dilutive capital prices risk differently and is suited for companies at different stages of their evolution.  Most of us refer to non-dilutive capital as “debt” or “loans” in colloquial conversation, though in reality there are many subtypes that carry structural differences.  The fundamental trade-off

Non-dilutive capital is often the most efficient way to fund a growth initiative without fundamentally changing the governance and shareholder composition of your company (and hence the cultural fibers that form the values and priorities of your company).  Unlike equity rounds—where you permanently sell a portion of your company—non-dilutive structures fund operating plans while keeping the cap table clean and decision rights intact.  If the growth initiative does not yield