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Johny Fernandez: What is
syndication?

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Sean Murray: What is
syndication? Syndication is the

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pooling of funds to fund a loan
or merchant cash advance

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syndication is used in multiple
industries. So if you go out and

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Google the term, you're gonna
get a lot of different, you're

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gonna get a lot of different
answers as to what syndication

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is. But when we're talking about
syndication in the small

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business finance industry, we're
talking about a funding company

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and going out and pooling funds
from multiple, multiple sources

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that they can put it all
together and fund a deal.