The amount of loans extended to small and medium sized businesses in the country is typically measured by the proportion of commercial and industrial loans under $ 1 billion in any given month . Since 2009 that measure has dropped from being 34 % of new lending to just 21 % . A new breed of primarily on - line lenders have stepped in to fill that gap , led by names such as investment Club , On Deck , Biz2Credit , which has stepped in to fill the gap raising $ 12bn of investments last year , with one in five smaller firms announcing that they had applied for funding via an on - line basis .
The percentage of loans extended to small and medium sized businesses in the US is typically measured by the proportion of commercial and industrial loans under $1 million in any given month. Since 2009 that measure has dropped from being 34% of new lending to just 21%. A new breed of primarily on-line lenders have stepped in to fill that gap, led by names such as Lending Club, On Deck, Biz2Credit, Kabbage has stepped in to fill the gap raising $12bn of investments last year, with one in five smaller firms stating that they had applied for funding via an on-line lender.