> However, banks are notorious for not giving out non "asset-backed" loans.
I wouldn't say notorious, that has a negative connotation. All jokes about the current situation aside. Banks aren't supposed to make risky loans, they aren't supposed to lose their capital. All loans they make should be guaranteed by something, even if it's just the word of a wealthy individual like a parent cosigning a loan for a child.
True, true. What I was thinking (but didn't expound upon) was tangible vs. non-tangible asset loans. The "word of a wealthy individual" in your example would be the latter. Most intellectual property would also be the latter.
I wouldn't say notorious, that has a negative connotation. All jokes about the current situation aside. Banks aren't supposed to make risky loans, they aren't supposed to lose their capital. All loans they make should be guaranteed by something, even if it's just the word of a wealthy individual like a parent cosigning a loan for a child.