Pulse Podcast #14: Covenants, Collaboration, and Capital: A Deep Dive into Subordinate Debt

As senior lenders tighten advance rates in the current credit cycle, businesses are facing new hurdles in the capital stack. In this episode, Rita Garwood, Editor in Chief of ABF Journal, sits down with Joe Camberato, Founder and CEO of National Business Capital, to discuss how high-velocity subordinate debt is saving deals.In this episode, we cover:• Where structural friction is occurring in today’s capital stack.• The difference between "Mezz Alternative" products and traditional mezzanine financing.• How to navigate intercreditor agreements without "legal ping-pong".• The rise of collaboration between private equity, senior lenders, and bridge providers.About Joe Camberato: Joe is the CEO of National Business Capital, which has funded over $3 billion in transactions since 2007. He is a frequent contributor to Forbes and CNBC, specializing in scaling businesses through fast, flexible funding.