Yes, and we do it this way. We can guarantee loans up to $5 million U.S., and we will put a guarantee of 75% to 80% on that loan. That leaves some skin in the game for the banks to do very good underwriting because they are responsible for 20% to 25% of that loan, and they have to reserve losses accordingly.
We make sure that our banks that are participating are constituent with our rules and regulations. We have a 17-point underwriting process that the banks have to go through to award our guarantee, and if they don't then we will mitigate our 75% guarantee accordingly.
I can tell you that our default rate is not very big.