We don't have data to know if 40, 400 or 4000 businesses applied and then only 40 were financed or if all the 40 that applied were successful.
In other words, one may be reliable even if he/she has a bad credit record (along the established though most probably unfair current ratings), but the fact that these ratings are flawed doesn't mean that everyone with a bad credit record is reliable.
It is likely that there is a "gray zone" of people that do not satisfy the criteria of the current system credit ratings while still being good re-payers.
All in all this seems a lot more similar to VC funding than to "traditional" credit.
1. New strategy grows success in communities
2. Support scales to meet new demand as it's taken nationally
3. Success occurs but margins are narrowed
4. Return to lowest common denominator support to grow margins for the near term