A new securitization program is offering small and mid-sized lenders an alternative to selling their production on the whole loan market. The “BICEP” program, created by BancCap Funding, is modeled broadly on the co-op structure widely used in the farming industry, in that it brings together lenders that lack the capacity to generate at one time the $200 million to $300 million in loans needed for an efficient securitization. Instead,