In an astonishing critique of the banks and their lending, Richard Tyler of the Telegraph writes that, ‘Academics have found… that the only group of high-growth businesses that exceeded the insolvency rate of low-growth companies during the recession were those deemed least risky by banks.’
The conclusion? “It might mean there are opportunities for banks to do profitable lending to growth companies that they may be declining if they go by the standard risk metrics.” What’s your experience of the banks? Have you succeeded despite them? Read the whole article here.