PRBE CAPITAL
Notes on capital, structure and staying compliant
By subject
TOPIC
SBA lending, explained without the brochure
What an SBA loan actually is, what the federal guarantee does for the bank rather than for you, and what a lender reads in your file before it says yes.
TOPIC
SEC compliance for a private raise
Form D, Blue Sky notices and Form ADV: the filings that come due after a private raise, and the fifteen-day clock that starts at the first sale.
TOPIC
Business funding and what it costs you
Debt or equity, SAFEs and convertible notes, pitch decks and cap tables, and the terms that quietly decide who actually gets paid first at an exit.
TOPIC
Taking a company public, and what a public vehicle is for
What a public vehicle does inside a private capital structure, how a SPAC works, how sub-penny share economics work, and the risks of a shell stated plainly.
TEMA
Recursos en español sobre capital y estructura
Préstamos SBA, estructura corporativa, financiamiento e inversionistas, escrito en español para dueños de negocio en Estados Unidos.
In English
SEC COMPLIANCE
Blue Sky Filings: What States Still Require After a Raise
Federal preemption stops states reviewing a Rule 506 raise. It does not stop them charging a fee or setting a deadline. What the states kept, how their notice filings differ, and what a missed one actually costs an issuer.
BUSINESS FUNDING
Business Line of Credit vs Term Loan: The Real Cost
A term loan funds something that will still be there in three years and a line funds a gap that closes by itself, and the cost difference is not the rate.
SBA LENDING
Debt Service Coverage Ratio: How a Lender Computes It
Coverage is the number that declines profitable businesses, and it is built from a tax return you filed months ago. The add-backs allowed, the subtractions nobody warns you about, and what moves it before you apply.
BUSINESS FUNDING
Debt or Equity: Which One You Are Actually Choosing
What each kind of money really costs, the covenant and personal guarantee reality, the dilution reality, and the one question that settles it.
BUSINESS FUNDING
Equipment Financing: How the Asset Changes the Deal
In equipment financing the machine is not a backstop to the loan, it is the subject of it, and that single fact reorders every question a lender asks.
SEC COMPLIANCE
Form ADV and the Exempt Reporting Adviser Explained
Running a fund usually makes you an investment adviser even if you never used the word. What the private fund adviser exemption covers, what exempt reporting adviser status still requires, and what a first Form ADV filing involves.
SEC COMPLIANCE
Form D: The 15-Day Clock, Late Filings and Amendments
Form D is a notice of an exempt offering, not an approval. It is due within 15 days of the first sale, amendments run on their own triggers, and a late filing follows a company into every diligence review that comes after it.
SBA LENDING
How Long an SBA Loan Takes, Stage by Stage
An SBA loan moves through seven distinct stages, and you control roughly half of them, so here is where the clock actually runs and where you can shorten it.
BUSINESS FUNDING
How a Deal Actually Closes: From First Conversation to Funded
The real sequence from diligence list to wire, how long each stage genuinely takes, and the five things that most often stall a close.
TAKING A COMPANY PUBLIC
How a SPAC Works: Promote, Trust and Redemptions
A SPAC is a listed pot of cash with a deadline attached. The promote, the trust account, the redemption right and the extension vote decide who comes out ahead, and they explain why so many deals close with the money already gone.
BUSINESS FUNDING
Merchant Cash Advances: What a Factor Rate Really Costs
A factor rate is not an interest rate, paying one off early costs more rather than less, and a second advance is usually a default on the first. How to work out what the money really costs a year, what stacking does to an account, and the routes out.
SEC COMPLIANCE
Regulation A+: What It Permits and What It Requires
Regulation A lets a private company sell stock to the public, including non-accredited buyers, and it brings a qualification review and ongoing reports.
SEC COMPLIANCE
Regulation D 506(b) vs 506(c): Which One Fits
Rule 506(b) bars public solicitation but accepts an investor's own word on accredited status; 506(c) lets you advertise and demands real confirmation.
TAKING A COMPANY PUBLIC
Reverse Merger Into a Shell: Mechanics and Risks
A reverse merger puts a private business inside an existing public company. The mechanics are straightforward. The risk is everything the shell already owes. What the steps are, what diligence must cover, and what a buyer inherits.
BUSINESS FUNDING
SAFEs, Convertible Notes and What a Raise Actually Costs You
Instruments get taught as legal definitions. The question that matters is what each one does to your ownership in year three. Rounds, discounts versus valuation caps, the terms worth leaving over, and why the option pool comes out of your side of the table.
SBA LENDING
SBA 504 vs 7(a) vs a Conventional Business Loan
504 finances owner-occupied property and heavy equipment. 7(a) finances the business itself. How to tell which of the three conversations you are actually in.
SBA LENDING
SBA Collateral and the Personal Guarantee: What You Pledge
Collateral does not approve an SBA loan, but a shortfall reshapes it. What the lender takes, how each asset is discounted, when a lien reaches your home, and which of three documents a spouse is actually being asked to sign.
CORPORATE STRUCTURE
The Corporate Structure a Lender or Investor Can Actually Read
LLC or C-corp, the registered agent, the EIN, corporate separateness, and the specific housekeeping failures that quietly kill a funding deal.
Level Three · Going public
The Hot Dog Stand Explanation of a SPAC
What it means to monetise goodwill rather than product, why investment banks will lend against shares that were worth nothing the day before, and what happens to the operator who skips the audit.
TAKING A COMPANY PUBLIC
The S-1 Registration Statement: What Is Inside It
A Form S-1 is the registration statement behind a public offering, and preparing one asks far more of a company's books than of its story.
SBA LENDING
The SBA Loan Document Checklist, Item by Item
Every document an SBA lender asks for answers one specific question about your business, and knowing which question lets you send the right version first.
Level Two · Business credit
The business credit bureaus nobody explains, and why your corporation's age decides everything
Baruch Mackliff walks through the bureaus that actually rate a company — Experian Business, Equifax Business, Dun and Bradstreet and the Small Business Financial Exchange — what PAYDEX measures, and why a corporation under two years old cannot make the move.
SEC COMPLIANCE
What You File After You Raise: Form D, Blue Sky and Form ADV
Taking money from private investors starts a filing clock. Form D is due within 15 days of the first sale, state Blue Sky filings run in parallel, and Form ADV decides whether you are an exempt reporting adviser. A plain explanation of what comes due and when.
SBA LENDING
What a Bank Reads Before It Lends to Your Business
Time in business, revenue consistency, debt service coverage, bank statements and the entity file: what a lender reads, and what makes a business unlendable.
BUSINESS FUNDING
What a Lender Means by Working Capital
Working capital is a figure a lender computes from your own balance sheet, and the version it writes down is rarely the version in your accounting software.
TAKING A COMPANY PUBLIC
What a Public Listing Costs to Maintain
Audit, transfer agent, edgarization, insurance and a reporting calendar are the recurring bill for being public, and it does not shrink when the business does. What each line is, what drives it, and how quoted differs from listed.
TAKING A COMPANY PUBLIC
What a Public Vehicle Actually Does in a Private Capital Structure
Going public is not the goal. It is a tool that changes how a private raise is backed and how value gets recognised. What a public entity does, how sub-penny share economics work arithmetically, and the risks of reverse mergers and shells stated plainly.
Consumer credit · How the industry works
What a credit repair company actually does on your behalf
The real mechanism behind credit repair: why the whole business turns on whether a bureau can verify an item, which laws the disputes are written against, and why the CFPB sits above Experian, Equifax and TransUnion.
Level Three · Raising funds
What a pitch deck really is, and why the mentor who charged you never explained it
The five questions a pitch deck has to answer, what an accredited investor actually is, how the Shark Tank structure really works, and the old parable about knowing where to hit.
BUSINESS FUNDING
What an Accredited Investor Actually Is, and Why It Decides Your Whole Raise
The income and net worth tests, what general solicitation means, and the practical consequence: who you may talk to about a raise, and how.
SBA LENDING
What an SBA 7(a) Loan Actually Is, and Who It Is Really For
The SBA does not lend you the money, and the guarantee protects the bank rather than you. What 7(a) is, why lenders still decline, and what you are signing.
SBA LENDING
Why SBA Loans Get Declined, and What Is Fixable
A decline from one lender and a program ineligibility are different outcomes with different remedies, and knowing which one you received decides your next move.
En español
FINANCIAMIENTO EMPRESARIAL
Capital de trabajo: cómo lo calcula un prestamista
La fórmula es simple, pero el prestamista ajusta el número antes de leerlo; aquí está cómo se calcula con tus propios estados financieros.
Nivel Dos · Estructura y control
Controlas todo, no eres dueño de nada: la corporación es una persona y no eres tú
Si tienes 800 de puntaje, ¿por qué no eres millonario? La respuesta está en la diferencia entre controlar una corporación y ser una corporación, en el capital de semilla, y en por qué la edad de una empresa se compra y se vende.
Nivel Uno · El sistema, explicado
Cómo funciona el sistema de crédito en Estados Unidos, banco por banco
Los tres burós, por qué cada banco tiene su propia regla sobre cuántas tarjetas aceptó en los últimos meses, la línea del 30% que casi nadie respeta, y qué hace falta antes de una primera ronda seria.
INVERSIONISTAS
Cómo preparar tu empresa antes de buscar un inversionista
Un inversionista abre dos cosas antes que nada: quién es dueño de qué y si el dinero del banco coincide con el estado de resultados. Cómo se arman los estados, el cierre mensual y la separación de finanzas personales.
ESTRUCTURA DE CAPITAL
Deuda o capital: cuál estás escogiendo de verdad
Los dos son dinero hoy. Lo que cambia es con qué lo pagas: la deuda cobra intereses y termina, el capital cobra propiedad y no termina nunca.
FINANCIAMIENTO EMPRESARIAL
Financiamiento de equipo: el activo cambia el trato
Cuando la máquina que compras es la garantía del préstamo, el prestamista evalúa otra cosa y tú negocias desde otro lugar. Así funciona.
ESTRUCTURA
ITIN, EIN y Seguro Social: qué pide cada institución
El EIN identifica al negocio, el ITIN identifica a una persona ante el IRS y el Seguro Social lo emite otra agencia. Qué formulario solicita cada uno, quién los pide y cuáles descuadres detienen un expediente comercial.
ESTRUCTURA DE CAPITAL
LLC o C-Corp: qué decide realmente la elección
La entidad y la forma de tributar son dos decisiones distintas, y solo una de ellas cambia lo que un inversionista puede firmar contigo.
ESTRUCTURA DE CAPITAL
La tabla de capitalización: qué muestra y qué falla
La tabla de capitalización registra acciones, no porcentajes: aquí está qué debe mostrar y los errores que la vuelven imposible de presentar.
El marco completo · Nivel 1, 2 y 3
Los tres niveles del dinero en Estados Unidos: crédito, corporación y fondos
El marco completo de PRBE Capital en una sola sesión: por qué el nivel uno es crédito personal, por qué el nivel dos es la corporación que carga el riesgo, y qué es realmente un private placement memorandum en el nivel tres.
FINANCIAMIENTO EMPRESARIAL
Línea de crédito o préstamo a plazo: el costo real
Una línea se cobra por los días que la usas y un préstamo a plazo por todo el plazo; así se compara el costo verdadero de cada una.
PRESTAMOS SBA
Préstamo SBA paso a paso: de la solicitud al desembolso
El dinero no llega el día que aprueban. El expediente pasa por preselección, empaque, análisis de crédito, decisión, reportes de terceros y cierre: quién revisa qué en cada tramo y dónde se pierden de verdad las semanas.
FINANCIAMIENTO EMPRESARIAL
Préstamo SBA: qué es realmente y para quién
La SBA no te presta el dinero: respalda al banco una parte del riesgo. Qué cambia eso, por qué el banco aún puede negarte y qué firmas tú.
ESTRUCTURA DE CAPITAL
Qué documentos pide un prestamista o inversionista
Cada documento de la lista responde una pregunta concreta sobre tu negocio, y saber cuál es cambia por completo la forma en que lo preparas.
Nivel Uno · Qué pasa detrás de las cortinas
Qué es realmente una reparación de crédito: verificación, disputa factual y el bono del día 180
Por qué una deuda vendida de papel en papel a veces no se puede verificar, qué es la disputa factual entre burós, y por qué en el día ciento ochenta aparece un bono de una aseguradora de mínimo tres estrellas.
LEVANTAMIENTO DE CAPITAL
Qué es un inversionista acreditado y por qué define toda tu ronda
No es una etiqueta de prestigio: es el perímetro de la exención con la que vendes participación. Define con quién hablas, cómo y qué documentas.
FINANCIAMIENTO EMPRESARIAL
Qué revisa un banco antes de prestarle dinero a tu negocio
El expediente que el banco lee antes de decidir: tiempo operando, ingresos consistentes, estados de cuenta, EIN, acuerdo operativo e impuestos.
Nivel Uno · Crédito personal y de negocio
Tarjetas al 0% de interés: cómo funciona realmente el sistema
Baruch Mackliff explica el nivel uno del sistema de crédito en Estados Unidos: cuántas consultas fuertes puedes permitirte, qué puntaje abre la puerta, por qué el 0% casi nunca es exactamente cero, y qué hacer cuando un banco te niega.
Nivel Uno · Qué sigue después
Ya tengo buen crédito, ¿y ahora qué? Lo que realmente se abre
Qué puedes hacer el día que tu crédito por fin está bien: convertirte en el banco, consolidar deuda, y por qué una corporación de dos años vale oro mientras que una de nueve puede jugarte en contra.
About PRBE Capital
PRBE Capital offers consultations, credit restoration, corporation packages, and educational resources. Compare the services and fees, or send a general question through our contact form. No service guarantees a specific outcome.