Field notes

The math the pitch decks skip.

Working notes on commerce capital. Written for sellers, by people who've wired the supplier deposits themselves.

Straight talkThe real math of a merchant cash advanceFactor rates are designed to look small. Here's how to convert one into an APR you can compare, and why we refuse to broker MCAs at all.7 min FundamentalsThe five funding structures every seller should be able to compareRevenue-based, inventory, PO financing, lines of credit, term loans: one honest comparison, including when each one is the wrong answer.9 min Cash flowAmazon's payout schedule is a cash-flow tax. Plan like it.Biweekly disbursements, rolling reserves, and 90-day supplier lead times add up to a structural gap. Here's how sellers actually bridge it.6 min WholesaleYour first big retail PO: fund it without starving the rest of the businessA national retailer's purchase order is validation and a cash crisis in the same envelope. A practical walkthrough of PO financing for sellers crossing into wholesale.8 min