Author Topic: Volume of small business loans  (Read 2998 times)

sergio0p

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Volume of small business loans
« on: September 18, 2015, 03:09:47 PM »
Hi folks,

LC says it offers business loans up to 300K but browsing the current notes being offered there are only 4 loans in the funding process that are small business loans and their amounts range from 15K (B1 grade) to 34K (F2 grade). I'm curious to know why there are so few business loans? Are there big business loans that LC does not make available to the investing platform? Any ideas?

Sergio
« Last Edit: September 18, 2015, 03:11:42 PM by sergio0p »

Fred93

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Re: Volume of small business loans
« Reply #1 on: September 18, 2015, 03:31:13 PM »
You are looking at consumer loans where the consumer checked the "small business" box.

The "small business loans" are not sent to the retail platform.

sergio0p

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Re: Volume of small business loans
« Reply #2 on: October 01, 2015, 11:33:31 PM »
Thanks Fred, so this research paper by people at the FED last year seems to be about these consumer loans where the applicant check the small business box: http://www.federalreserve.gov/pubs/feds/2014/201410/201410abs.html
I would expect the FED to be more serious about the data they use...
Again, thanks for the info.
S.

Fred93

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Re: Volume of small business loans
« Reply #3 on: October 02, 2015, 12:06:37 AM »
this research paper by people at the FED last year seems to be about these consumer loans where the applicant check the small business box:

Whoa!  How about that.  At least they got this part right:
Quote
Logistic regression results that look at loan performance indicate that loans for small businesses were much more likely to be delinquent or charged off.