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INV-1015
The Home Depot
Originated by Harbor SMB Advance · Construction
A
94.3/100
Target yield
11.4%
Term
40d
Face value
$10,400
Advance
90%
Credit model
Expected loss = PD × LGD × EAD, sized to a stressed reserve. The advance and yield fall out of the loss math.
PD (annualized)
1.24%
0.15% over term
LGD
14%
loss given default
Dilution
0.5%
disputes / short-pays
Exposure (EAD)
$9,360
advanced to originator
Expected loss
$44
0.47% of exposure
Reserve
10%
held back as buffer
How the 11.4% yield is priced
Funding cost+ 5.50%
Expected loss (annualized)+ 3.82%
Servicing+ 1.50%
Risk premium+ 0.60%
Investor target yield11.40%
Risk signals
The inputs behind the score of 94.3. Higher bars are safer.
Originator tenure38
Originator cash-flow stability64
Payor scale92
Debtor credit quality99
Debtor payment speed93
Invoice verification90
Invoice concentration100
Deal terms
Debtor
The Home Depot
Debtor credit
Grade A
Avg days to pay
35 days
Issued
2026-06-21
Due
2026-08-05
SMB fee
1.26%
Amount advanced
$9,360
Originator monthly rev
$180,000