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Unsecured Business Loans Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jun 2022
  • Pages: 125
  • SKU: IRTNTR73706
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The unsecured business loans market share is expected to increase to USD 5.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.19%.

This unsecured business loans market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers unsecured business loans market segmentation by type (short-term loan, medium-term loan, and long-term loan) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The unsecured business loans market report also offers information on several market vendors, including American Express Co., Bank of America Corp., Bank of China Ltd., Biz2Credit Inc., Bluevine Inc., BNP Paribas SA, Coastway Community Bank, Credit Suisse Group AG, Deutsche Bank AG, Funding Circle Holdings Plc, HDB Financial Services Ltd., JPMorgan Chase and Co., National Funding Inc., On Deck Capital Inc., Rapid Finance, Shamrock Bank N.A, TD Bank Group, The Goldman Sachs Group Inc., UBS Group AG, and Wells Fargo and Co. among others.

What will the Unsecured Business Loans Market Size be During the Forecast Period?

Unsecured Business Loans Market Size

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Unsecured Business Loans Market: Key Drivers, Trends, and Challenges

The demand for efficiency in business lending operations is notably driving the unsecured business loans market growth, although factors such as compliance and regulatory challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the unsecured business loans industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Unsecured Business Loans Market Driver

One of the key factors driving the global unsecured business loans market growth is the demand for efficiency in business lending operations. The unsecured business loan servicing process includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance, remitting funds to note-holders, and following up on delinquencies. Financial organizations are adopting new technology solutions, such as loan origination software, loan management software, loan analytics software, and loan servicing software, to improve their operational efficiency and reduce costs. The financial institutes have incorporated technologies such as blockchain, AI, and ML to optimize, automate, and improve their unsecured business loan servicing functions and ensure adherence with compliances and regulations. Such advancements are expected to drive the market during the forecast period.

Key Unsecured Business Loans Market Trend

Increasing number of SMEs is one of the key unsecured business loan market trends that is expected to impact the industry positively in the forecast period. They account for nearly 90% of enterprises and more than 50% of global employment. In emerging economies, SMEs provide up to 40% of national income. SMEs produce the majority of formal jobs in developing countries, accounting for 7 out of every 10 jobs. Thus, SMEs prefer unsecured business loans as these have a short application process and do not require any collateral as security. This will further propel the growth of the concerned market in the forecast years.

Key Unsecured Business Loans Market Challenge

One of the key challenges to the global unsecured business loans market growth is the compliance and regulatory challenges. For instance, Basel III is a standard regulation that all banks worldwide need to follow. It is a set of international banking regulations developed by the Bank for International Settlements to promote the stability of the international financial system. Furthermore, regulations and compliances change in each region and must be adhered to by financial organizations. Thus, the banking and financial sector is increasingly adopting technology-driven solutions to reduce the cost associated with compliance management. With the ever-changing regulations and compliances, unsecured business loan providers face the challenge of updating their offerings to ensure compliance, which may hamper the market growth during the forecast period.

This unsecured business loans market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global unsecured business loans market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the unsecured business loans market during the forecast period.

Who are the Major Unsecured Business Loans Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • American Express Co.
  • Bank of America Corp.
  • Bank of China Ltd.
  • Biz2Credit Inc.
  • Bluevine Inc.
  • BNP Paribas SA
  • Coastway Community Bank
  • Credit Suisse Group AG
  • Deutsche Bank AG
  • Funding Circle Holdings Plc
  • HDB Financial Services Ltd.
  • JPMorgan Chase and Co.
  • National Funding Inc.
  • On Deck Capital Inc.
  • Rapid Finance
  • Shamrock Bank N.A
  • TD Bank Group
  • The Goldman Sachs Group Inc.
  • UBS Group AG
  • Wells Fargo and Co.

 

This statistical study of the unsecured business loans market encompasses successful business strategies deployed by the key vendors. The unsecured business loans market is fragmented and the vendors are deploying growth strategies such as technological innovations and partnerships to compete in the market.

Product Insights and News

  • American Express Co. - The company offers unsecured business loans where one can select a monthly payment option and provide some additional information about the business.
  • Bank of America Corp. - The consumer banking segment includes businesses related to Merrill Lynch Global Wealth Management and Bank of America Private Bank.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The unsecured business loans market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Unsecured Business Loans Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the unsecured business loans market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Unsecured Business Loans Market?

Unsecured Business Loans Market Market segmentation by region

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34% of the market's growth will originate from North America during the forecast period. The US is the key market for unsecured business loans in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The presence of countries, such as the US, which are among the most technologically advanced countries and are pioneers in the adoption of technologies such as artificial intelligence (AI) and the Internet of Things (IoT), will facilitate the unsecured business loans market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, due to the COVID-19 outbreak, several countries, such as the US and Canada, imposed nationwide lockdowns across the region, which resulted in the growth of online businesses across all sectors, including loan servicing and mortgages. Therefore, the regional unsecured business loans market witnessed growth in 2020. Additionally, after the initiation of COVID-19 vaccination drives in Q4 2020, several businesses restarted, and there was an increase in the number of new businesses in the region, which propelled the demand for unsecured business loans in North America in 2020. Thus, such factors are expected to drive the growth of the regional unsecured business loans market during the forecast period.

What are the Revenue-generating Type Segments in the Unsecured Business Loans Market?

Unsecured Business Loans Market Segmentation

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The unsecured business loans market share growth by the short-term loan segment will be significant during the forecast period. The range of tenure for an unsecured loan extends between 6-12 months. This allows business owners to take a break from paying long-term EMIs for loan repayment. The short-term loan also makes it easier for borrowers to maintain a positive cash flow situation. The short-term unsecured business loans are easier to avail; hence, the short-term loan segment of the global unsecured business loans market will witness significant growth in the forecast years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the unsecured business loans market size and actionable market insights on post COVID-19 impact on each segment.

 

Unsecured Business Loans Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.19%

Market growth 2022-2026

$ 5.85 billion

Market structure

Fragmented

YoY growth (%)

15.78

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Express Co., Bank of America Corp., Bank of China Ltd., Biz2Credit Inc., Bluevine Inc., BNP Paribas SA, Coastway Community Bank, Credit Suisse Group AG, Deutsche Bank AG, Funding Circle Holdings Plc, HDB Financial Services Ltd., JPMorgan Chase and Co., National Funding Inc., On Deck Capital Inc., Rapid Finance, Shamrock Bank N.A, TD Bank Group, The Goldman Sachs Group Inc., UBS Group AG, and Wells Fargo and Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Unsecured Business Loans Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive unsecured business loans market growth during the next five years
  • Precise estimation of the unsecured business loans market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the unsecured business loans industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of unsecured business loans market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Short term loan - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Short term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Short term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Short term loan - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Short term loan - Year-over-year growth 2021-2026 (%)
    • 5.4 Medium term loan - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Medium term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Medium term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Medium term loan - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Medium term loan - Year-over-year growth 2021-2026 (%)
    • 5.5 Long term loan - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Long term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Long term loan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Long term loan - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Long term loan - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 American Express Co.
              • Exhibit 93: American Express Co. - Overview
              • Exhibit 94: American Express Co. - Business segments
              • Exhibit 95: American Express Co. - Key offerings
              • Exhibit 96: American Express Co. - Segment focus
            • 10.4 Bank of America Corp.
              • Exhibit 97: Bank of America Corp. - Overview
              • Exhibit 98: Bank of America Corp. - Business segments
              • Exhibit 99: Bank of America Corp. - Key news
              • Exhibit 100: Bank of America Corp. - Key offerings
              • Exhibit 101: Bank of America Corp. - Segment focus
            • 10.5 Coastway Community Bank
              • Exhibit 102: Coastway Community Bank - Overview
              • Exhibit 103: Coastway Community Bank - Product / Service
              • Exhibit 104: Coastway Community Bank - Key offerings
            • 10.6 Credit Suisse Group AG
              • Exhibit 105: Credit Suisse Group AG - Overview
              • Exhibit 106: Credit Suisse Group AG - Business segments
              • Exhibit 107: Credit Suisse Group AG - Key offerings
              • Exhibit 108: Credit Suisse Group AG - Segment focus
            • 10.7 Funding Circle Holdings Plc
              • Exhibit 109: Funding Circle Holdings Plc - Overview
              • Exhibit 110: Funding Circle Holdings Plc - Product / Service
              • Exhibit 111: Funding Circle Holdings Plc - Key offerings
            • 10.8 JPMorgan Chase and Co.
              • Exhibit 112: JPMorgan Chase and Co. - Overview
              • Exhibit 113: JPMorgan Chase and Co. - Business segments
              • Exhibit 114: JPMorgan Chase and Co. - Key offerings
              • Exhibit 115: JPMorgan Chase and Co. - Segment focus
            • 10.9 On Deck Capital Inc.
              • Exhibit 116: On Deck Capital Inc. - Overview
              • Exhibit 117: On Deck Capital Inc. - Product / Service
              • Exhibit 118: On Deck Capital Inc. - Key offerings
            • 10.10 Shamrock Bank N.A
              • Exhibit 119: Shamrock Bank N.A - Overview
              • Exhibit 120: Shamrock Bank N.A - Product / Service
              • Exhibit 121: Shamrock Bank N.A - Key offerings
            • 10.11 The Goldman Sachs Group Inc.
              • Exhibit 122: The Goldman Sachs Group Inc. - Overview
              • Exhibit 123: The Goldman Sachs Group Inc. - Business segments
              • Exhibit 124: The Goldman Sachs Group Inc. - Key news
              • Exhibit 125: The Goldman Sachs Group Inc. - Key offerings
              • Exhibit 126: The Goldman Sachs Group Inc. - Segment focus
            • 10.12 UBS Group AG
              • Exhibit 127: UBS Group AG - Overview
              • Exhibit 128: UBS Group AG - Business segments
              • Exhibit 129: UBS Group AG - Key offerings
              • Exhibit 130: UBS Group AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Unsecured Business Loans Market market growth will increase by $5.85 billion during 2022-2026.
              The unsecured business loans market market is expected to grow at a CAGR of 16.19% during 2022-2026.
              Technavio has segmented the unsecured business loans market market by type (Short term loan, Medium term loan, and Long term loan) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              American Express Co., Bank of America Corp., Bank of China Ltd., Biz2Credit Inc., Bluevine Inc., BNP Paribas SA, Coastway Community Bank, Credit Suisse Group AG, Deutsche Bank AG, Funding Circle Holdings Plc, HDB Financial Services Ltd., JPMorgan Chase and Co., National Funding Inc., On Deck Capital Inc., Rapid Finance, Shamrock Bank N.A, TD Bank Group, The Goldman Sachs Group Inc., UBS Group AG, Wells Fargo and Co. are a few of the key vendors in the unsecured business loans market market.
              North America will register the highest growth rate of 34% among the other regions. Therefore, the unsecured business loans market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the unsecured business loans market market growth are:
              • Demand for efficiency in business lending operations
              • Increasing number of SMEs
              The unsecured business loans market market vendors should focus on grabbing business opportunities from the short term loan segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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