Small Business Marketplace Lending Trends

Data from Moody’s and the Federal Reserve shows that marketplace lenders are significantly serving small businesses with revenue less than $1 million; demands are differing for marketplace loans from micro businesses versus established businesses with greater than $1 million; micro businesses are seeking longer-term loans while established businesses are utilizing marketplace lenders for lines of credit; source says trend toward marketplace lending and bank partnerships could help to lower rates for small businesses.  Source