Let me try to come at it slightly differently. I think the SMEs during this recession have been amazingly resilient. I have to tell you that our losses are lower than what we had anticipated, and that's a big plus. And I agree with Mr. Campbell, I think the organizations focused on cash quicker, they learned, and they did have better balance sheets to go into the difficult situation.
I think we are in a better position than probably we all expected, honestly, 15 months ago. We're not out of the woods, as I said, because there's always a bit of a lag period and there are still companies hanging on by their fingernails, and whether or not they can make it through remains to be seen in some circumstances.
I'd like to maybe offer a couple of comments on BDC. I don't want to make this a commercial, but just try to outline the difference between the more traditional financial institutions and ourselves. We do have a higher risk appetite. Even though we also are looking for creditworthy businesses, we maybe don't put the line in exactly the same place as these guys do. One of the things we try to do to help entrepreneurs during those tough periods.... We've allowed many entrepreneurs to postpone capital payments for a while--7,000 of our 29,000 people were offered capital postponements: simply pay off the interest, don't pay us your capital, we'll postpone it, start repaying six months from now. That has helped an awful lot the working capital of those businesses.
The other thing we're doing is there are a lot of people who buy long-term assets and have a tough time finding a long-term debt to finance the long-term asset, and what happens is it eats into their working capital if they don't get the matching right between a long-term asset and a long-term debt. So we're really focused on providing those entrepreneurs with long-term debt.
Thank you.