Corporate Finance

This guide explains what vendor notes are and explains how vendor financing works. It goes into detail about how these arrangements are structured and why they are beneficial.

This guide explains what subordinated debt is. It also explains the relationship that subordinated debt has to senior debt and equity financing in terms of liquidity position in the capital stack and the corresponding risk to subordinated debt investors.

This guide explains what preferred stock is and is designed to give you a better understanding of this type of equity investment. This guide also looks at the different classifications of preferred stock.

This guide explains what common stock is and is designed to give you a better understanding of this type of equity investment. This guide also looks at the different classifications of common stock.

This guide explains what equity financing is, how it works, and it goes into detail about the different types of equity financing available. To understand more about raising money with debt vs equity, we recommend: Capital Stack Quick Guide, as a companion to this guide.

This guide explains what interest coverage is and why it’s important. We also cover how interest coverage is calculated and how lenders use ratios to gain insight into a business’ ability to repay debt.

This guide explains how term loans are structured and explains how amortization works. That guide explains what term loans are and how they work, this guide goes into depth about how these loans are actually structured and amortized as well as what these terms mean.