working capital management Working Capital Management | Page 7
COMMERCIAL FINANCE
With business development companies as a
group continuing to trade around 80% of book
value, essentially prohibiting their ability to
raise equity capital, commercial finance
companies would generally screeched to a
halt. BDCs, however, are willing to
opportunistically consider commercial finance
continue to be an attractive option for growing
specialty finance companies as a source of
capital, especially debt that can be treated as
equity capital and levered with cheaper senior
debt from traditional lender finance providers
such as Wells Fargo and Capital One.