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