Alternative lenders originated around $5 billion in small business loans during 2014, according to estimates from the U.S. Treasury.
The loan features include fixed-rate installments, with payments that are structured like a fixed-rate mortgage. Like personal loans, small business loans through the company require no specific collateral.
Loan demand is down and bank margins are squeezed. That translates to lower CD rates. The question is, how low will they go?