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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/02\/private-lenders-venture-debt-svb\/<\/a><\/br> The collapse of Silicon<\/span> Valley Bank left a small but noticeable hole in the venture debt market that private lenders don\u2019t find attractive enough to fill.<\/p>\n When SVB went under in March<\/a>, the startup ecosystem was primarily concerned about what would happen to startup and venture capital firm bank accounts. The second worry was what would happen to the venture debt market<\/a> and the existing loans SVB had issued.<\/p>\n While SVB didn\u2019t manage a massive loan portfolio by any means, it was in the minority of banks that provided credit to really early-stage companies based on their sponsors as opposed to their underlying business metrics and fundamentals. Most banks aren\u2019t willing to do that.<\/p>\n While it remains unclear whether First Citizens Bank, the current owner of SVB, will lend to startups the same way SVB did, private venture debt lenders have made it clear to TechCrunch+ that they aren\u2019t interested in filling that gap if First Citizens doesn\u2019t.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nPrivate lenders won\u2019t fill the venture debt gap left by SVB<\/br>
\n2023-06-02 21:38:39<\/br><\/p>\n