Isn't the loan backed by the deposit at SVB? That seems like the whole point of it. Yes some startups will go bankrupt and most of the remaining ones won't be

Isn't the loan backed by the deposit at SVB? That seems like the whole point of it. Yes some startups will go bankrupt and most of the remaining ones won't be profitable any time soon. Surely Brex isn't counting on the profit from operations of the borrower to repay the loan, but rather that company's deposits at SVB being released at some time in the future.