Emergency bridge loan for SVB customers
Honestly this makes a ton of sense. The FDIC will be returning most (or all) of the deposits in SVB, so the debt is reasonably safe (at least as far as debt that startups take on ever is). Whoever is funding this is probably not taking on all too much liability, and if they're heavily invested in the startup ecosystem could easily be making enough back from this indirectly to make it worthwhile.For brex this has to be the best marketing ever. Sign up a bunch of customers with real businesses at someone else's expense.