Subordinated debt can play an important role in the capital stack for businesses growing into the middle market—if used under the right circumstances. Joe Camberato, founder and CEO of National Business Capital, shares how he’s seeing small and midsized businesses use sub debt not as a lifeline for cash, but as fuel for expansion and exit-readiness.

This episode is brought to you by National Business Capital. Learn more at nationalbusinesscapital.com.

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