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Johny Fernandez: Sean, what does
A-paper mean?

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Sean Murray: A-paper. Okay, so
if we're talking about small

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business finance and you hear
the term A-paper thrown out

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there, a paper essentially
stands for the best quality

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merchant. Okay? People tend to
grade the merchants that they

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have the applicants that they
have, and they do like A-paper,

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B-paper, C, D, kinda like a
credit grade. Yeah. But a would

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be considered the best. So if
someone is telling you that they

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only specialize in A-paper they
have an A-paper merchant,

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they're talking about the best
possible merchant, credit wise,

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possibly background wise,
financially etc. So a paper

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means the best type of merchant