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Two loans going to market, what happens to a man who asks for everything, and a side project that went further than I expected. The Inner Circle meets tomorrow. On the Side • A podcast series for a mayoral candidate here in Fernie, Harshan Ramadass. Two episodes out, a third before the October 17 vote. Over 50,000 views in a town of 6,500 people Two Loans Going to Market • A term sheet out this week from Interim Credit — a priming facility for a very large development project now in a restructuring • A short-term bridge going to market for a US manufacturer and operator of elevated retreat towers, secured by real estate and equipment Lesson Learned: Pigs Get Fat, Hogs Get Slaughtered • A contractor went around us on a large cannabis restructuring where we were CRO and DIP lender. Terminated that night, financing by Sunday evening • He then claimed far more than his contract allowed, and took what stakeholders in court called absurd positions • Many businesses are a community. Being the greedy one may not be the right strategy The Inner Circle: Deals & Capital • Free, private and live, every two weeks on Zoom. Tomorrow at 3 o’clock Eastern: two pitches and a round table on whether mid-market money is actually tight right now. You register once and we review every request

Half of what we do has always been high growth — and it is the same engagement letter as a turnaround. Why controls and accounting are the defence that wins championships, an introduction to Interim Credit Corp and its move into the United States, The Inner Circle: Deals & Capital returns September 22, and why investors are moved by narrative and not by assets, deals or people. This Week • The Sinclair Range brand is known for distress, but about half our revenue has always come from high growth — and it is the same engagement letter. A turnaround is high growth. Both are about bringing order to chaos • A new mandate with a real estate developer in a high growth phase — the whole back office: outsourced CFO, controllership and bookkeeping. One team, one number every month, for less than the controller they were about to hire • They did not come to us to raise money. They came because raising money means surviving due diligence — controls, accounting, documentation • Defense wins championships. Controls, accounting and documentation are the defence. Without them you lose, no matter how much you can sell Interim Credit Corp — Now in the United States • Our partner Mark Wilk joins the show to introduce Interim Credit Corp and its products • ICC is now lending in the United States • Many hundreds of  millions in deals reviewed The Inner Circle: Deals & Capital Is Back • A free, private, live community where founders, executives and advisors come together every two weeks on Zoom to pitch deals, share challenges, get feedback and sharpen their strategies • Community, education, deal review, planning review, and deal pitching • Relaunching Tuesday, September 22 at 3 p.m. Eastern. Free, but exclusive — apply through the contact form at sinclairrange.com or thescottsinclair.com, or reach out in the comments What I’m Thinking About: Nobody Writes a Cheque to a Building — or to a Person • “No one writes a check to a building.” True. But investing in people is still a low level of selling • What moves capital is a narrative that answers why now — and that carries an element of benevolence. We are solving a problem. We are saving jobs • Competence, trust, benevolence. Competence is the floor. Trust is higher. Benevolence is the highest value • Narrative-driven capital raising is how I have raised over $25 billion for businesses in transition • Three acts: everything was going along just fine, disaster strikes, the hero saves the day. What is the story of your raise? What is the good deed? • Facts do not move people. People do not motivate people. Stories with facts and people in them do

Another Success from Distress - a CCAA that ended with the lender paid in full and a successful relaunch of a business; why banks only discount debt after a real process; the merchant cash advance death spiral; and beating the investor’s brokerage account. This Week •  “Another Success From Distress” — Sirona Pharma exits its CCAA: licence problems resolved, business sold as a going concern •  Sapphire Global’s DIP — a lender with no prior connection to the file — repaid in full •  Services and capital are merging — how we manage acting on both sides Lesson Learned: Discounts Are Earned, Not Asked For •  Tariff-hit automotive/aerospace client — revenue down 80%, loan called, a forbearance agreement bought time •  A SISP with a credible third party proved market value — then our financing arm bought the bank’s debt at a discount •  Banks don’t discount because you ask — you have to give them the ammunition for credit approval Struggles: The Merchant Cash Advance Death Spiral •  A $25K payroll problem → an online portal → a $15,000 advance that costs $5,850 in four months — over 100% annualized •  Stack a few and your cost of capital passes 100% — no business survives that •  Sometimes the only way out is a stop payment on the debits — and taking the fight What I’m Thinking About: Beating the Brokerage Account •  The S&P 500 paid about 23% a year for the last three years — liquid, diversified, and it never calls with a problem •  Your deal has to survive that comparison — after tax on the withdrawal, fees, risk, and illiquidity •  What wins: real security over real assets, with comparable returns

Closing a bank-debt play most people never think of, why in this business you manufacture the deal, a CRA story that’ll make your stomach drop, and why the details are the deal. This Week • A client had its loans called by its bank. As CRO we stabilized the company, negotiated a forbearance to buy time, and ran a sale process for price discovery. • Then another of our clients stepped into the bank’s shoes — acquiring the senior secured loan position at fair value. The bank exits cleanly; our client holds the debt and the security. • The timing couldn’t be better: the company is exploding with new orders right in the middle of the transaction. Now the job is execution — building real value from here. Lesson Learned: You Manufacture the Deal • Interim Credit Corp. is only weeks old and just issued its first term sheet. The thesis: a $1–1.5B gap in Canadian high-yield private debt for small and mid-sized businesses. • The trick in this business — the deals aren’t sitting there waiting. Borrowers rarely come asking for the product you sell. • You listen, find the problem, and manufacture the solution — in this case turning an equity ask into a non-dilutive structure. That’s what we do at Sinclair Range. Struggles: The CRA Reality • A business did the right things — called, tried to arrange a plan — and still got its account garnished the day before payroll. In this case, the system actively tried to shut a small Canadian business down. • Separate your arrears from staying current, put everything in writing, and know they can freeze your account with no court order. What I’m Thinking About: The Details Are the Deal • The security, the entities, who actually owns what — that’s where deals are won or lost. • I’m leaning on AI to stay on top of the details, but attention is still the job. #Turnaround #PrivateCredit #Restructuring #SmallBusiness #Leadership #SinclairRange #InterimCredit

In December 2025, the City of Fernie released more than 24 million litres of raw sewage and stormwater into the Elk River. The problem behind it has been known since 2011 — and the city is now formally out of compliance with the Province. In this episode of Winning Momentum, host Scott Sinclair sits down with engineer and Fernie city councillor Harshan Ramadass — candidate for Mayor of Fernie — for a long-form deep dive into the wastewater crisis: how it happened, why it's gone unsolved for over a decade, what it will actually take to fix, and what it says about how our city sets priorities and gets things done. ⏱️ WHAT WE COVER - Is wastewater a priority — and who's the right person to finally fix it - Why a problem identified in 2011 still isn't solved - The root cause: the treatment plant vs. the aging pipes - The real fix — what it takes, what it costs, and who pays - Getting it done: moving it through council and senior governments - What the wastewater story reveals about leadership at City Hall 🗳️ Fernie votes October 17, 2026. 👍 Like, subscribe, and share if you want straight answers on the issues facing our community.

Building software with a cigar, launching a lending company, the merchant-cash-advance trap, and what a small-town sewage crisis teaches about execution. This Week Vibe-coded a business valuation tool — built it just by talking to an AI; it’s going up on thescottsinclair.com.  Also, built two websites. We launched Interim Credit Corp. — a new lender for Canadian businesses in transition: bridge, DIP, turnaround, and special-situations financing Lesson Learned: The Merchant Cash Advance Trap  “Fast money” sold as a “purchase of future receivables” is often a loan in disguise  These agreements can be far weaker than the funder wants you to believe The lesson for owners: the most expensive money is the money you take when you’re desperate Also, talk to your lawyer. That’s not us Struggles: When the “Friend” Turns on You  In contested situations, even a supposedly neutral party — or a cooperative professional — can turn adversarial  Don’t get emotional, get organized: control the record and do everything in writing What I’m Thinking About: Execution Is Everything Recording a podcast for our town’s mayoral race — a wastewater crisis fourteen years in the making Distressed companies and city halls fail the same way: not a money problem, an execution problem

Credit bids, CRA’s silent priority, and why the “capital has dried up” story is wrong. Deals on the Go •  Court-supervised sale process live — how SISPs and credit bids actually work (public file) •  A recurring-revenue water business drawing a steady stream of serious buyers •  Interim-CFO turnaround of a machine shop with no books •  Equipment liquidation up north — with a CRA-priority wrinkle Lesson Learned: Spot Trouble Early — and Mind the Silent Creditor •  Trouble shows up in behavior before the financials — slow reporting, shifting stories, creeping concentration •  CRA’s deemed trust can quietly prime a secured lender — pressure-test it before you count your recovery Struggles: Flying a Business With No Instruments •  Stepped in as interim CFO of a small manufacturer with essentially no books •  Creditors don’t wait — so step one is a weekly 13-week cash flow you can trust •  Exactly why we offer virtual controllership + bookkeeping at Sinclair Range What I’m Thinking About: Capital Isn’t Scarce — It’s Selective •  “Capital has dried up” is the wrong story •  Put a clean, essential, recurring-revenue business on the market and the room fills •  Capital chases quality and certainty — even in a tight market #DIPFinancing #Restructuring #DistressedInvesting #PrivateCredit #SinclairRange #WinningMomentum

DIP financing, the turnaround rule nobody likes, and an honest update on our own stuck real estate. Deals on the Go •  DIP financing 101 — court-approved loans that rank ahead of everyone so a stalled company has the capital to change •  Sapphire Global’s DIP on Sirona Pharma: $2.5M to stabilize, stay creditors, get relicensed — business now being sold •  New client: a stalled $100M+ real estate development where a small DIP relaunches it and creates huge value •  Lenders — the onus is on you to create these deals. Reach out Lesson Learned: Capital Won’t Fix a Refusal to Change •  Rule #1 of every turnaround: accept the need to change — before capital •  The over-advance trap — we’ve seen a book 90% in over-advance, an equity-risk lender at debt rates •  Equity version: throwing good money after bad — a client about to write off hundreds of millions •  Don’t advance more without a price, and the price is change. Boots on the ground can’t be replaced Struggles: Living the Problem I Solve •  Liquidity tied up in three key assets — two are environmentally-affected real estate •  Both under firm contract; both buyers failed to close — now in litigation •  The exact problem we solve for clients — just living the hard version ourselves What I’m Thinking About: Go Where the Energy Is •  1-minute first-principles videos — ~50k views each, ~200k in two months, big engagement •  Not partisan — my concepts in a framework. Canada needs winning momentum •  The Inner Circle is coming back — relaunch soon #DIPFinancing #BusinessTurnaround #PrivateCredit #Restructuring #DistressedDebt #RealEstate #SinclairRange #WinningMomentum

I went to Mexico. Came back sick. Still ran the show. This week at Sinclair Range: three live deals including a cannabis company exiting CCAA, a $100M private credit raise, and an active enforcement file. Plus — the one turnaround lesson that changes everything, a Docusign trap that nearly cost us eight figures, and how AI has taken over our entire operation in two weeks. Deals on the Go A cannabis producer in CCAA with $47M in hard assets and an imminent Health Canada licence reinstatement — seeking C$6M to exit restructuring and relaunch into medical and international markets. A Canadian private credit raise — a 26-year-old factoring lender raising up to $100M at 10% fixed quarterly, all first secured, targeting a $1.5B+ gap in the Canadian market. And a lender enforcing its security against a transport company — equipment being collected and sold in an orderly process. Lesson Learned: Admit You're in Trouble Every turnaround starts with one thing: changing your frame. Stop calling it a rough patch. When you admit you're actually in trouble, the problem stops being emotional and becomes math. We cover the baseline valuation concept — what each stakeholder recovers if the business blows up today — and why that number is the foundation of every serious lender negotiation. Struggles: When the Plan Doesn't Work The Sinclair Range turnaround was built on selling two real estate assets worth well into eight figures. Neither has sold. One buyer refused to close and put a lien on title — now in litigation. The other buried a clause in a Docusign offer letting them extend the conditional period indefinitely. We caught it and got out — but the lessons are hard-won: in a turnaround, the plan that should work often doesn't. And never sign a Docusign negotiation without reading every word — or running it through AI first. What I'm Thinking About: AI Has Taken Over Sinclair Range In two weeks: investment agreements, capital raise documents, liquidation analyses, contract reviews, a default notice, litigation file organization, 2,000+ transaction expense reconciliation, engagement letters, wealth management checklists, data room management, and daily CRM updates. This isn't the future. It's right now. The world is changing. Keep up. #BusinessTurnaround #PrivateCredit #CCAA #Restructuring #RealEstate #AI #SinclairRange #Deals #Leadership #SmallBusiness

This week we tackle two small business valuations, reveal how AI collapsed 30 hours of professional work into 90 minutes, and share a golden rule every investor needs to hear: you make your money on the buy. Interesting Deal / File of the Week: Valuing a Small Business We were asked to provide valuation guidance on two small businesses for partner buyouts. We walk through the full professional process — from understanding the purpose, to analyzing financials, to writing a defensible 6–10 page letter — and why that work typically costs $5,000 to $10,000. Then we show how AI let us complete both valuation letters, with full schedules and methodology, in just 90 minutes. We also discuss the growing problem of non-professionals using AI to imitate professional work — and what that means for the industry. Lesson Learned of the Week: Buy Bank Debt Working with a manufacturing client in financial distress, we break down why understanding liquidation value from the bank's perspective is critical to your negotiating position. We also explore an alternative deal structure: instead of refinancing the full loan, have a new lender buy out the existing bank's position at a discount — illustrated by a real acquisition where $3 million in debt was purchased for $1.5 million. What I'm Thinking About: Make Money on the Buy A golden rule for investors and entrepreneurs: your profit isn't made on the sale, and it isn't made on the value you add — your profit is made on the buy. We discuss why you should avoid competitive sale processes and instead create deals from a unique knowledge base. We reference a real debtor-in-possession lending example generating 50%+ annualized returns, first secured — the kind of deal no one hands you. You have to build it. #Business #Deals #Valuation #SmallBusiness #AI #PrivateCredit #BankDebt #Investing #Leadership #SinclairRange #WinningMomentum

This week at Sinclair Range, we catch up on the high-stakes drama and deals of 2026. From a $100 million private credit mandate to a "hostile takeover" attempt that required a 48-hour emergency rescue, we dive into the real-world grit of restructuring and transition. Interesting Deal / File of the Week: $100M Private Credit & Ontario Machining We went to market on a $100 million private credit offering for an established Canadian lender filling a $1.5 billion gap in the market. We also continue to market a precision machining firm in Ontario that is successfully pivoting into the aerospace sector following a challenging 2024. Lesson Learned: Mastering the Pitch Stop reading AI scripts and ditch the "fluff" (p. 4). We break down the essential hierarchy of a professional pitch: the 30-second "hook," the 3-minute "how," and the 10-minute "deal"—specifically how to get in, how to get out, and what happens in between. Struggle of the Week: The Rogue Contractor & The $2M Save A raw look at a contractor who attempted a hostile takeover of a client during a CCAA filing. We detail the immediate contract termination, the subsequent $2 million financing collapse, and the emergency Sunday night rescue through Sapphire Global Investments. What I’m Thinking About: Underestimating the Upside A personal musing on the "3-legged stool" of business, leadership, and self-improvement. We discuss why even seasoned advisors often underestimate their own brand potential and why maintaining positivity is a functional operating requirement for any leader.

This week at Sinclair Range, we reflect on the power of persuasion-based thinking, lessons learned from dealmaking under stress, the realities of rebuilding momentum, and why admitting trouble is the first step to any real turnaround. • Tribute & Lessons from Scott Adams Why persuasion-based framing explains behavior better than surface facts, how incentives and framing make seemingly irrational decisions predictable, and why this skill is critical in business, leadership, and negotiations. • Persuasion as a Business Skill Key persuasion concepts including framing, attention, repetition, visualization, and reciprocity, and how understanding persuasion improves sales, dealmaking, and decision-making in complex environments. • Momentum Requires Work A look at the physical and mental grind behind rebuilding a business, why changing momentum is not passive, and how discipline, hustle, positivity, and integrity form a simple but effective operating formula. • Interesting Deal / File of the Week Overview of a new going-concern sale or financing mandate for a precision machining and plastic injection mold tooling company in Ontario, including sector exposure, recent operational challenges, improving cash flow, and growth momentum in aerospace. • Lesson Learned: Deals That Die at the NDA Why prolonged negotiations over standard agreements are a leading indicator of deal failure, how decision paralysis kills distressed companies, and why availability of capital matters more than cost when survival is at stake. • Admitting Trouble as a Turning Point Why true turnaround begins with honestly admitting the severity of a problem, how denial slows decision-making, and why acknowledging rock bottom frees leaders to act decisively. • Struggle of the Week Progress update on completing the Pathway to Profit Academy, why it exists for founders not yet ready to hire Sinclair Range, and how finishing long-delayed projects is part of restoring momentum. • What I’m Thinking About: Momentum and Defense A personal reflection on illness, loss of momentum, rebuilding from defense, and why stabilizing first creates the foundation for growth, expansion, acquisitions, and private credit deployment in 2026. #Business #Deals #Turnarounds #PrivateCredit #Leadership #Momentum #Persuasion #Capital #Restructuring #SinclairRange

This week at Sinclair Range, we break down how to properly evaluate investment performance, why benchmarks and mandates matter more than headline returns, and why private credit generates better returns than real estate. • How to Judge Investment Performance Properly Why two portfolios with similar returns can be judged very differently depending on mandate, risk, and benchmarks. • Benchmarks, Risk, and the AI Bubble Why today’s equity benchmarks are distorted by a handful of AI-driven stocks, how diversification hurts returns in bubbles, and what happens when those bubbles burst. • Knowledge Arbitrage in Investing Why true outperformance comes from information and experience, not risk, and how private credit rewards those who understand complex situations. • Passive Income vs Real Returns Why real estate fund marketing often obscures true performance, how fees and structure compress returns, and why institutional capital is flooding into private credit. • Lesson Learned: Power in Distribution Why having a better product isn’t enough, how margin follows power in the value chain, and why most businesses lose to distribution - unless they go direct-to-consumer. • Struggle of the Week Why investors sometimes make losses worse by trying to “work with” borrowers and when you must shift from solution provider to enforcement mindset. #Finance #Investing #PrivateCredit #Wealth #Benchmarks #CapitalAllocation #Restructuring #CCAA #DIPLoans #SinclairRange

A big week at Sinclair Range, with our first Sapphire Global Finance deal closing, a deep dive into compounding vs “passive income,” and important lessons from real restructuring work across North America. Highlights: • Interesting Deal of the Week: Sapphire Global Finance Closes Its First DIP Loan Sapphire has completed its first transaction — a highly secured DIP loan for a Canadian cannabis company entering CCAA protection. Scott explains why DIP financing pays high returns, how court-ordered super-priority works, and why Sinclair Range’s expertise creates value for borrowers and investors. • Wealth & Compounding: The Truth Behind Passive Income After reviewing Grant Cardone’s “abundance mindset” message, Scott breaks down why compounding — money, skills, network, health, talent stack — is the real engine of wealth creation, and why wasting money kills momentum. • Private Credit vs Real Estate Funds Scott compares real-world returns: Cardone Capital IRR (~8%) S&P 500 (~14.9%) Private credit deals Sinclair Range is closing today, often multiples higher. He also outlines upcoming ways investors may gain access to private credit opportunities alongside Sinclair Range. • Lesson Learned: The Five Ways a Borrower Can Repay a Lender Scott reviews the only five paths in any restructuring: refinance, cash flow, asset/equity sale, restructure, or liquidate — and why borrowers and lenders often lose sight of these fundamentals. • Startups & Capital Founders must focus on mission, value creation, and execution — not just raising money. Scott highlights why capital follows traction and how The Inner Circle: Deals & Capital helps founders get feedback and clarity. #Finance #Investing #PrivateCredit #Compounding #Restructuring #Turnaround #DIPLoan #CCAA #CannabisBusiness #WealthBuilding #Entrepreneurship #SinclairRange #CapitalRaising

A huge week at Sinclair Range — from Elon Musk’s trillion-dollar pay package to real-world bridge loans, litigation, and market opportunities. Scott covers it all in this episode of Week in Review, where business, deals, and persuasion meet reality. Highlights: • Opening Commentary: Elon Musk’s $1 trillion Tesla pay package — what it really means, why it’s more persuasion than pay, and how outrageous anchoring works in business negotiations. • Lesson Learned of the Week: The five real ways a borrower can repay a lender. Forget the noise — Scott walks through the only options that actually exist, how companies get stuck, and what Sinclair Range sees in real debt restructuring work across North America. • Startups & Capital: Founders, stop confusing fundraising with execution. Why mission, business plans, and adding overwhelming value come before capital — and how The Inner Circle: Deals & Capital helps entrepreneurs get clarity, feedback, and traction. • Interesting Deal of the Week: Sinclair Range launches a $6 million Debtor-in-Possession (DIP) bridge loan in Alberta under CCAA protection — a fully secured, high-yield opportunity structured in investor-friendly tranches. • Struggles of the Week: Updates on Sinclair Range’s ongoing litigation with Ninepoint Partners, plus a new case with Zurn Elkay Water Solutions (NYSE: ZWS) — a U.S. industrial giant celebrated for sustainability, yet accused in court of failing cleanup obligations at a small Ontario site. • Musings of the Week: The massive $1-trillion-plus private debt market is booming. Scott explores how Sinclair Range is uniquely positioned in high-yield, secured turnaround lending — and whether it’s time to open co-investment opportunities for accredited investors. From persuasion and planning to private debt and litigation, this episode gives a candid look at how real deals get done — and what happens when they don’t. #Business #Finance #Investing #PrivateDebt #BridgeLoan #Restructuring #Turnaround #Leadership #Entrepreneurship #SinclairRange #TheInnerCircle #Capital #CCAA #Litigation #ZurnElkay #Ninepoint #Tesla #ElonMusk #Persuasion #Negotiation #Momentum #BusinessStrategy