I'll take a stab at that.
I would say that wouldn't be widespread. You reference the fact that he was 25 years old. Typically, we would be looking at his experience as a captain. If he had very limited experience as a captain and was mainly just a boat hand, then obviously that would represent a riskier venture for us. If he had no money to contribute to it, if he was seeking 100% financing, then that would represent a riskier proposition for us.
That being said, if he was 25 years old and did have good experience, I fully expect our bank would be supportive of that under our existing loan policy. We're a large bank. We have lots of business loans outstanding. By virtue of having a big portfolio, you can afford to take on some people you think will be successful in the future, even though the risk may be a little bit higher at the start.
The issue is that if we finance 75%, where does the down payment of 25% come from? Historically, sometimes other industry participants or the vendor of the licence have provided that. My understanding is that under the new trust regulations, that's no longer permitted because it's considered a new trust arrangement. So that may have had some impact.
But I'll open it up to my counterparts here.