author Image Research: non-bank lenders have issued asset-backed bonds to help finance about $2B of loans to fast-growing but unprofitable software companies since November (Matt Wirz/Wall Street Journal)

Analysis: non-bank lenders have issued asset-backed bonds to assist finance about $2B of loans to fast-growing however unprofitable software program corporations since November — Buyers funnel cash to unprofitable software program corporations by new kind of debt deal — No earnings? No drawback.