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DFPI Reports $214.2 Billion In Commercial Loan Originations In 2021 – Financial Services



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The California Department of Financial Protection &
Innovation recently issued is 2021 Annual Report of Operation of
Finance Lenders, Brokers, and PACE Administrators Licensed Under
the California Financing Law
. The DFPI reports a nearly 12%
increase in the number of licensees from 3,886 to 4,340.
Interestingly, about 6% of the licensees, or 454, failed to file
the required annual report.

With respect to commercial lending, the DFPI noted the following
highlights:

  • The number of
    commercial loans originated in 2021 increased by 8 percent to
    762,253 from706,228 in 2020. The total principal amount of
    commercial loans increased by 33.5 percent over the same period, to
    $214.2 billion from $160.4 billion.

  • The number of online commercial loans originated in 2021
    increased by 3 percent to 37,110from 36,016 in 2020. The total
    principal amount of online loans increased by 39.1 percent over the
    same period, to $3.4 billion from $2.4 billion.

The following chart summarizes some of the data included in the
report regarding the number of licensees, licensed locations and
new applications:

1230262.jpg

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