Series overview. 

Introducing Engineering the SMB Capital Stack, a new Fundbox mini-series hosted by Alex Johnson and Prashant Fuloria. Each episode breaks down a different piece of the SMB lending ecosystem, with leaders from Plaid, Stripe Capital, and Lead Bank joining the conversation.

Episode details. 

To open Engineering the SMB Capital Stack, Alex Johnson and Prashant Fuloria benchmark where small businesses actually stand. Drawing on recent small-business credit data, they explore a paradoxical picture: owners have stabilized, yet revenues haven’t fully rebounded; costs and payroll pressure remain high; cash-flow volatility is up; and firms are carrying more debt while receiving less of the financing they seek.