There are lots of loans that shouldn't be issued due to no fault on the person being invested in.
For instance, I've been working on opening an icecream shop for weeks and need a loan to finish the preparations and a bigger better icecream shop opens next door. Through no fault of my own, I am no longer a good investment.
It is your fault if the bigger better icecream shop opens next door and you still persevere with your original plan. That suggests that you personally are a bad investment (not just your original business plan.)
I would be more likely to give you the money if you needed five times as much, because you had decided to sell pies or pizzas instead.
For instance, I've been working on opening an icecream shop for weeks and need a loan to finish the preparations and a bigger better icecream shop opens next door. Through no fault of my own, I am no longer a good investment.