Would you lend money to an outfit called Wrnch Inc.? Probably not if your business model has for centuries been based on prioritizing companies with names such as McCain Foods Ltd., Hudson’s Bay Co., Canadian Pacific Railway Ltd. and Teck Resources Ltd.
Big-name enterprises like these form the foundation on which the modern financial industry is built. They have little difficulty getting loans because they have lots of hard assets — factories, inventories, real estate, equipment — to put up as collateral.
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