Frank Scarso shares the deeply personal story behind his fall from Wall Street, his battle with addiction, and the three years he was estranged from his wife and children. He reveals how a single moment of clarity sparked his recovery, leading him to build Avanza Capital, an alternative lending platform that has deployed over $250 million to small businesses across 48 states. The episode explores resilience, leadership, private credit, and what it truly means to rebuild your life from nothing.
Key Discussion Points:
Frank explains that his motivation to rebuild wasn’t money or status, it was simply wanting to “go home” and fix what he had broken with his family. He discusses why entrepreneurship became his path forward after Wall Street, and how Avanza grew from “little drips and drabs” into a national lender focused on speed, service, and human connection in an industry often criticized for being transactional. The conversation dives into the risks and realities of merchant cash advances, why banks overlook small businesses, and how alternative lending fills that gap in hours instead of months. Frank also reflects on how sobriety transformed his leadership style from aggressive and “guns blazing” to empathetic, hands-on, and grounded in mentorship and service.
Takeaways:
Family can be the most powerful driver of reinvention. Frank’s story highlights the importance of mentorship, surrounding yourself with smarter people, setting attainable short-term goals, and understanding risk before taking on capital. He emphasizes that funding is a tool, not a crutch, and that discipline, caution, and hard work are critical for small business survival. Above all, resilience, humility, and service define long-term success more than any financial metric.
Closing Thoughts:
Frank’s journey proves that rock bottom is not the end—it can be the beginning. From living on the street to leading a nine-figure lending platform, his story is a reminder that redemption is possible, leadership evolves through adversity, and sometimes one sentence can change the trajectory of generations.
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