Unsecured Business Loans Market size to grow by USD 2,895.17 billion from 2022 to 2027, American Express Co. and Bajaj Finserv Ltd. emerge as key contributors to market growth - Technavio

NEW YORK, May 19, 2023 /PRNewswire/ -- The unsecured business loans market size is set to grow by USD 2,895.17 billion from 2022 to 2027. The market is expected to be progressing at a CAGR of 10.13% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Increasing efficiency of business lending operations is notably driving the unsecured business loans market growth. Banks and financial institutions have transformed their operations by embracing digital technology to streamline processes and save time, over the past decade. A business lending process typically consists of creating, initiating, administering, collecting, and administering credits and the loan process mainly includes the stages of pre-qualification, loan application, application processing, underwriting process, loan decision, quality control, loan financing, etc. Similarly, the servicing process for unsecured commercial loans may include tasks like sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance, and distributing funds to bondholders. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The unsecured business loans market covers the following areas:

• Unsecured Business Loans Market Sizing
• Unsecured Business Loans Market Forecast
• Unsecured Business Loans Market Analysis

The report on the unsecured business loans market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Unsecured Business Loans Market 2023-2027 - Market Dynamics

Significant Trends

• Increasing focus on blockchain is a major trend in the unsecured business loans market growth. 
• Blockchain technology is one of the major innovations in the banking industry.
• This is primarily to reduce fraud, ensure fast and secure transactions and financial operations, and support risk management within the interconnected global financial system. 
• Blockchain technology helps in revolutionizing payments and modernizing traditional and traditional payment methods in a faster, more secure, and decentralized way.
• This technology helps make the credit system more efficient because the entire process can be completed more quickly and data is stored in the blockchain system in chronological order and cannot be tampered with once stored. 
• Hence, such trends influence the growth of the market during the forecast period.

What's New? - 

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Key Challenges

• High risk and cost associated with unsecured business loans are challenges hindering unsecured business loans market growth. 
• Applying for an unsecured loan is generally quicker and less complicated than a secured loan but this comes with various risks and many local banks do not offer unsecured loans.
• Lenders de-risk unsecured loans in hopes of being able to repay them in less time, which means the buyer has less time to repay the loan, which can be difficult for some businesses.
• Moreover, unsecured loan interest rates range from slightly higher than secured loans.
• Hence, such factors challenge the growth of unsecured business loans during the forecast period.

Unsecured Business Loans Market 2023-2027: Market Segmentation

This unsecured business loans market report extensively covers market segmentation by type (short-term loan, medium-term loan, and long-term loan), end-user (small, medium-sized enterprises, and large enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by the short-term loan segment will be significant for overall market growth during the forecast period. These loans have similar features to traditional loans and the only difference is that for short-term loans, the debt has to be paid off within a year. Unsecured business loans do not require collateral, making it easier to obtain short-term loans. Thus, the short-term loans segment of the market is expected to witness significant growth during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and
summation of data from multiple sources through an analysis of key parameters- View
Sample Report

Companies Mentioned

• American Express Co.
• Bajaj Finserv Ltd.
• Bank of America Corp.
• Bank of China Ltd.
• BNP Paribas
• Clix Capital Services Pvt. Ltd.
• Deutsche Bank AG
• Enova International Inc.
• Funding Circle Holdings plc
• HDB Financial Services Ltd.
• Hero FinCorp Ltd.
• IDFC FIRST Bank Ltd.
• National Funding Inc.
• Poonawalla Fincorp Ltd.
• Rapid Finance
• Tata Business Hub Ltd. 
• The Goldman Sachs Group Inc.
• The Toronto Dominion Bank
• UBS Group AG
• Wells Fargo and Co.

Vendor Offerings

• American Express Co. - The company offers unsecured business loans such as American Business Blueprint Funding.
• Bajaj Finserv Ltd. - The company offers unsecured business loans for small businesses such as online, flexible payment.
• Bank of America Corp. - The company offers unsecured business loan solutions such as low-interest rates and convenient repayment terms.

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Key Topics Covered:

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 Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global unsecured business loans market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global unsecured business loans market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Short term loan - Market size and forecast 2022-2027
• Exhibit 34: Chart on Short term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Short term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Short term loan - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Short term loan - Year-over-year growth 2022-2027 (%)

• 6.4 Medium term loan - Market size and forecast 2022-2027
• Exhibit 38: Chart on Medium term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Medium term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Medium term loan - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Medium term loan - Year-over-year growth 2022-2027 (%)

• 6.5 Long term loan - Market size and forecast 2022-2027
• Exhibit 42: Chart on Long term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Long term loan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Long term loan - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Long term loan - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ billion)
• Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 50: Chart on Comparison by End-user
• Exhibit 51: Data Table on Comparison by End-user

• 7.3 Small and medium-sized enterprises - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Small and medium-sized enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Small and medium-sized enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Small and medium-sized enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Small and medium-sized enterprises - Year-over-year growth 2022-2027 (%)

• 7.4 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user ($ billion)
• Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 American Express Co. 
• Exhibit 115: American Express Co. - Overview
• Exhibit 116: American Express Co. - Business segments
• Exhibit 117: American Express Co. - Key offerings
• Exhibit 118: American Express Co. - Segment focus

• 12.4 Bajaj Finserv Ltd. 
• Exhibit 119: Bajaj Finserv Ltd. - Overview
• Exhibit 120: Bajaj Finserv Ltd. - Business segments
• Exhibit 121: Bajaj Finserv Ltd. - Key offerings
• Exhibit 122: Bajaj Finserv Ltd. - Segment focus

• 12.5 Bank of America Corp. 
• Exhibit 123: Bank of America Corp. - Overview
• Exhibit 124: Bank of America Corp. - Business segments
• Exhibit 125: Bank of America Corp. - Key news
• Exhibit 126: Bank of America Corp. - Key offerings
• Exhibit 127: Bank of America Corp. - Segment focus

• 12.6 Clix Capital Services Pvt. Ltd. 
• Exhibit 128: Clix Capital Services Pvt. Ltd. - Overview
• Exhibit 129: Clix Capital Services Pvt. Ltd. - Product / Service
• Exhibit 130: Clix Capital Services Pvt. Ltd. - Key offerings

• 12.7 Enova International Inc. 
• Exhibit 131: Enova International Inc. - Overview
• Exhibit 132: Enova International Inc. - Product / Service
• Exhibit 133: Enova International Inc. - Key offerings

• 12.8 Funding Circle Holdings plc 
• Exhibit 134: Funding Circle Holdings plc - Overview
• Exhibit 135: Funding Circle Holdings plc - Product / Service
• Exhibit 136: Funding Circle Holdings plc - Key offerings

• 12.9 HDB Financial Services Ltd. 
• Exhibit 137: HDB Financial Services Ltd. - Overview
• Exhibit 138: HDB Financial Services Ltd. - Product / Service
• Exhibit 139: HDB Financial Services Ltd. - Key offerings

• 12.10 Hero FinCorp Ltd. 
• Exhibit 140: Hero FinCorp Ltd. - Overview
• Exhibit 141: Hero FinCorp Ltd. - Product / Service
• Exhibit 142: Hero FinCorp Ltd. - Key offerings

• 12.11 IDFC FIRST Bank Ltd. 
• Exhibit 143: IDFC FIRST Bank Ltd. - Overview
• Exhibit 144: IDFC FIRST Bank Ltd. - Business segments
• Exhibit 145: IDFC FIRST Bank Ltd. - Key offerings
• Exhibit 146: IDFC FIRST Bank Ltd. - Segment focus

• 12.12 National Funding Inc. 
• Exhibit 147: National Funding Inc. - Overview
• Exhibit 148: National Funding Inc. - Product / Service
• Exhibit 149: National Funding Inc. - Key offerings

• 12.13 Tata Business Hub Ltd. 
• Exhibit 150: Tata Business Hub Ltd. - Overview
• Exhibit 151: Tata Business Hub Ltd. - Product / Service
• Exhibit 152: Tata Business Hub Ltd. - Key offerings

• 12.14 The Goldman Sachs Group Inc. 
• Exhibit 153: The Goldman Sachs Group Inc. - Overview
• Exhibit 154: The Goldman Sachs Group Inc. - Business segments
• Exhibit 155: The Goldman Sachs Group Inc. - Key news
• Exhibit 156: The Goldman Sachs Group Inc. - Key offerings
• Exhibit 157: The Goldman Sachs Group Inc. - Segment focus

• 12.15 The Toronto Dominion Bank 
• Exhibit 158: The Toronto Dominion Bank - Overview
• Exhibit 159: The Toronto Dominion Bank - Business segments
• Exhibit 160: The Toronto Dominion Bank - Key offerings
• Exhibit 161: The Toronto Dominion Bank - Segment focus

• 12.16 UBS Group AG 
• Exhibit 162: UBS Group AG - Overview
• Exhibit 163: UBS Group AG - Business segments
• Exhibit 164: UBS Group AG - Key offerings
• Exhibit 165: UBS Group AG - Segment focus

• 12.17 Wells Fargo and Co. 
• Exhibit 166: Wells Fargo and Co. - Overview
• Exhibit 167: Wells Fargo and Co. - Business segments
• Exhibit 168: Wells Fargo and Co. - Key offerings
• Exhibit 169: Wells Fargo and Co. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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