Small after a burst
Its count rose from 20 in 2018 to 505 in 2019 and 990 in 2020, then fell to 170 in 2022 and 26 in 2024. The peak came when its typical rate was 3.00%, so it may have relied on refinancing that dried up as rates rose. In 2025 it grew 46%, while similar lenders, non-bank lenders making between half and twice as many loans, shrank 7% and made 40 loans in the typical case.