The alt-finance market, measured daily
Week of Oct 12
September funded $5.86B, ▲ 13.8% YoY.
Restaurant leads quarter to date; Healthcare is growing fastest at ▲ 28.6% YoY.
At month 4, the Q2 ’26 cohort is running 0.65 pts below Q3 ’25.
Median 1st-position factor is 1.29; 64% of deals price within ±0.04.
Healthcare is the most-wanted book at 85; Trucking gained the most over 4 weeks.
New York is the fastest-growing major market, ▲ 29.1% YoY year to date.
| State | Volume | YoY | Default |
|---|---|---|---|
| 1NYNew York | $9.08B | ▲ 29.1% | 8.6% |
| 2CACalifornia | $7.65B | ▲ 6.3% | 8.5% |
| 3TXTexas | $6.85B | ▲ 16.4% | 8.5% |
| 4FLFlorida | $5.72B | ▲ 8.9% | 9.5% |
| 5NJNew Jersey | $3.14B | ▲ 9.5% | 8.9% |
| 6GAGeorgia | $2.96B | ▲ 22.2% | 8.5% |
| 7ILIllinois | $2.61B | ▲ 7.5% | 8.2% |
| 8PAPennsylvania | $2.10B | ▲ 10.2% | 7.9% |
Rates, volumes, rankings and research reports for small-business finance.