“A completed loan isn’t the measure of success – a successful exit is.” says Gavin Diamond, CEO at Inspired Lending, in his blog with Financial Reporter. 

“I’ve always believed a lender earns its reputation after drawdown rather than before it. Getting a deal over the line takes expertise, but seeing it through to successful redemption takes something a little bit more.”

“Completion tells you the funding was delivered. It doesn’t tell you whether the project did. That answer only comes later, once the borrower reaches the exit they originally set out to achieve.”

See the full blog here.