Time value of money is not the same. It’s actually simple and elegant and flexible, and to your point, you want to see the borrower have a plan, so to speak. Or

Time value of money is not the same. It’s actually simple and elegant and flexible, and to your point, you want to see the borrower have a plan, so to speak. Or cash flows. Or collateral. Or all of the above. And still, you can lose. But the concept of the price of money is separate from that.