Regulatory constraint and small business lending: do innovative peer-to-peer lenders have an advantage?

Financial Innovation

Table 1 Alternative P2P lender data (loan volumes, county, and loan numbers).

Alternative P2P Lender	2007	2008	2009	2010	2011	2012
Loan origination volume (in million $)	5	21	52	132	262	718
County number	110	379	676	987	1359	1836
Loan application number	601	2392	5280	12,533	21,715	53,351

Table 1 demonstrates the number of a total loan application, total loan origination volume of Lending Club and give details the total number of counties where it served between 2007 and 2012