Also, Lending Club and Citi Community Capital, the community development lending and investing division of CitiGroup, recently announced a partnership to facilitate up to $ in consumer loans designed to provide more affordable credit to underserved, lower-income borrowers in low- and moderate-income communities.
17  As an indication of the demand for small dollar loans on the part of small businesses, the Joint Small Business Credit Survey conducted in 2014 by the Federal Reserve Banks of New York, Atlanta, Cleveland, and Philadelphia found that more than one-half of small business loan applicants sought $ or less in credit.