On Deck Capital CEO Noah Breslow discusses his 53% interest charges on the day of his company's initial public offering on the New York Stock Exchange. Breslow says banks aren't lending to small businesses and he claims that before On Deck entered the space, known as merchant cash advance lenders, interest rates were as high as 150%. On Deck's interest rates have come down slightly but Breslow declined to say how low he expects them to go, citing regulatory restrictions. On Deck's IPO follows closely on the heels of another online lender, Lending Club. Both offerings have been popular with investors, pricing above their expected ranges and popping higher still at the start of trading.