Pulse Podcast #20: The Lender Marketplace: How Non-Bank Lending Is Reshaping the Capital Stack

Banks are moving upmarket — deal sizes that used to be $5-10 million are now $25-50 million at many institutions, leaving smaller businesses out in the cold.In this episode, Joe Camberato, CEO of National Business Capital, joins us to break down where banks are retreating, how non-bank lenders are stepping in, and why staying independent from private equity has shaped NBC's approach to funding.We cover:• Where banks have pulled back over the last 6-12 months• Whether non-bank pricing is compressing or still carrying a premium• The fastest-moving signals that show lender appetite shifting in real time• Why consolidation is making marketplaces more valuable, not less• What most people outside the industry get wrong about small business credit right nowJoe Camberato is the CEO and founder of National Business Capital, which has deployed over $3 billion in financing to small and mid-sized businesses without taking on private equity.Subscribe for more conversations on small business finance, lending trends, and capital markets.