This brief glimpse of what goes on in the underwriting process of an institutional lender can give us all great ideas if we ever consider making our own investment into a small business. Why decline a loan application? I grew up in a world of Entrepreneurs. It is what I know. I breathe, eat, sleep and drink entrepreneurship. All of my post-secondary education is focussed on every element of Small Business Entrepreneurship and Entrepreneurial Finance. Why do I turn down loans? My compensations are partly driven by financing successful businesses and contributing to a strong economy. Throwing money at businesses, that in my experience will fail, does no good for anyone. No good for the entrepreneur, the financier, or the economy. I want to contribute to a healthy economy. I want to finance Entrepreneurs who will be successful. My instinct is dead on, as is my education which contributes to good decision making. Why do I decline loans?
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