Steve Benson

This is not... There's no... What do they call it?

I'm not... None of these are personal guaranteed loans.

So it's not like going to First Republic or Silicon Valley Bank.

They'll make you PG that.

So... Dashboard, which I thought would be useful for people to see.

So they would give me... They would give me...

2 million almost 3 million in debt and i've taken 2.2 so i could get that like i could get that just by going in and pressing this button and what i what i've actually been doing is um emailing them and saying hey i want exactly this much because i don't that i don't want just all of it i want you know i want to tranche it out that's why i've done six tranches with them last year and a half

If there was a slide to take a picture of, it's this one.

You've got to checklist this if you ever get debt.

Are there liquidity terms?

This means like, hey, I just brought a million bucks from you.

One of my terms was you always have to have a half million bucks in the bank.

It's like, well, thanks.

So you actually loaned me a half million bucks, but I'm paying for it.

a full million.

I appreciate that.

Um, are there any EBITDA or MRR covenants?

Like meaning like did your, if you, if you slow down in growth or if your profitability drops, you owe all the money.

Um, that's, that's actually more common than you'd think.

Uh,