Everyone is judging how much Uber is worth and talking about their services but no one here has actually looked at their finances, loan agreements, and most probably haven't even read the article. How can this? How can that? Uhh guys you have no idea what makes a company valuable and especially the government doesn't know. They look at one thing, collateral, and say screw it when it comes to all the other details. Of course a 'new' and growing company doesn't have much collateral. Banks don't just loan based on that, although it is the main factor, they bet on the leaders of the company, the potential of the company, and the business model. A business model where someone downloads an app to drive and then you start making hundreds of dollars a day from their service is a pretty damn good one.