The expected outcome is that certain, selected intangibles will prove to provide a suitable form of security, in which case government support can be progressively withdrawn. If, on the other hand, recoveries prove too problematic even after the market has had an opportunity to develop solutions, governments should withdraw support as well. It also appears likely, given their lack of historical experience, that lenders acting entirely independently would take a considerable period of time to amass a sufficient volume of evidence on opportunity and risk, in part because intangibles-backed lending will need to be selective. While few, if any, SMEs will ultimately prove to own no intangible assets at all, some assets are peripheral to their business model and do not contribute meaningfully to value generation, and some will never create assets that have identifiable or realisable value upon liquidation.