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Lending Is Failing To Live Up To 2018’s Great Expectations

PYMNTS

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Citizens Bank , a regional player based in Rhode Island, for example, was looking for growth in its newest underwriting area — student loan refinancing.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. As you’ll see below, the reasons for failure are varied. via SFGate.

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