The Importance of Senior Secured Capital for Small Business Owners

How does royalty financing typically sit in that cap structure? Would the be, would you ever sit alongside debt or would it normally be kind of royalty financing plus a little bit of equity? Or how does that normally shake out? Yeah, that's very good. Very good question, Paul. And, and something also to make sure we all understand each other, we want to be senior secured capital. So we will kind of replace this is, this is not going to mezzanine financing.