Private credit gets the headlines for massive corporate deals. The actual day to day engine is specialty finance.
The specialty finance umbrella
Private credit is a broad term for non bank lending. It covers a wide range of debt.
How specialty finance works
Specialty finance is a specific part of private credit. It drills down to solve immediate business problems.
This is where you see merchant cash advances, equipment leasing, and invoice factoring. These are practical tools for companies with unique cash flow or urgent timing.
Why specialty finance matters
Traditional banks want perfect credit profiles and months of paperwork. Specialty finance provides flexible capital that matches how a business actually operates.