Brent Norling

Um, that's based on, um,

Actual contracts, not like what I see a lot of time, people will cashflow forecast and it'll just be a whole bunch of bollocks.

Yeah.

A whole bunch of hope.

Yeah.

Yeah.

Um, so a proper assessment, um, because if you get that wrong and, and we're always going to look back at that with the benefit of hindsight.

Um, so anybody criticizing it is going to go, we should have done this, should have done that.

Um, because if you get it wrong, you can be personally liable for all the debts that you incur.

Um, which I think catches people by surprise because they think company, limited liability, I'm not personally liable.

Um, and then they get, you know, a liquidator or a creditor claiming personal obligations.

Yeah, they all take personal guarantees.

So...

One thing that I've noticed, and it reminds me of the GFC.

So I started practice in the tail end of the GFC.

And in that time, you would see multiple finance companies involved in a lot of the companies, multiple lenders.

And then after the GFC, a lot of these lenders ended up going into receivership or liquidation themselves.

And I'm seeing those same things now where, um, most conversations I'm happening have, you know, somewhere between two to four lenders in the mix, um, that are just really common and it'll be like 80 grand here, a hundred grand there, 150 here and it's, and it's quick finance.

Um, so I've gone to four different lenders and they're all lending me money.

And it's, and it's often unsecured as well.