Online Consumer Lenders Faring Better than Small Business Counterparts

In this week’s PeerIQ Industry Update they cover the continued crisis across the online lending landscape; even with the crisis ravaging many Main Street industries the market was able to bounce back to have its best month with January 1987; OnDeck is facing a perfect storm of circumstances with delinquencies jumping to 45 percent and $1.05bn drawn on its credit facilities, funding $1.2Bn in assets; consumer lending is not in as dire of circumstances as the SMB space with the government capital helping keep delinquencies in a reasonable range; LendingTree made their first strategic investment in digital banking startup Stash by leading with $80mn as part of the $112mn round. PeerIQ

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