PCPPrivate Credit Prep
Research notes

Credit Analysis

3 articles

  1. What Makes a Good Credit vs a Good Business, And Why Lenders Care About the DifferenceThe most common private credit interview mistake. The lender-first framework that separates the two, with a ready-to-use answer.30 Mar 2026
  2. Cash Flow Analysis for Private Credit: What Lenders Actually Look AtHow lenders analyze cash conversion, EBITDA addbacks, working capital and maintenance capex, with interview-ready frameworks.9 Oct 2026
  3. Recovery Analysis: How Lenders Think About What Happens When a Deal Goes WrongHow lenders estimate recovery through enterprise value, collateral and waterfall analysis, the layer most candidates skip in a case.23 Mar 2026