Insights

A credit memo is more than a summary of a borrower’s financial performance. It is the underwriter’s case for why a specific risk should be approved on specific terms. This article explains what investment committees evaluate across business quality, cash flow, leverage, liquidity, collateral, risk mitigants and transaction structure—and how borrowers can prepare the evidence and third-party diligence needed to withstand lender scrutiny.

Image sourced from Unsplash This article is Part 2 of last week’s post on how founder-led companies are reshaping their capital options. If you missed Part 1, it introduced the rise of non-sponsor private credit and why more founders are exploring alternatives to banks or equity sales. In this second installment, we turn to the practical side: how founder-led companies actually use private credit, and what the data really says about common misconceptions. This isn’t theoretic