This dataset includes small business loans or grants issued for emergency COVID-19 financial assistance. Underlying data is provided by the Department of Small Business Services (SBS). Dollar amounts are in actual dollars. This dataset will be refreshed on a quarterly basis.

The coronavirus pandemic has had catastrophic consequences on small businesses in the United States. Between March and August 2020, monthly online searches for "small business loan forgiveness" increased by over 115,270 percent compared to the previous year. During that period, small businesses were also featured in seven of the top ten fastest growing search queries relating to "loans" in the United States.

Online searches for loans have spiked in the United States under the continuous impact of the coronavirus pandemic on consumer and business finances. Between March and August 2020, student loans were the most searched for type of loan in the United States, generating an average of 382,333 monthly searches. During the same period, small business loan forgiveness was the search query with the biggest search increase.

Analysis of ‘COVID-19 Loan/Grant Report’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/ce10afbb-17a6-491c-a290-46760d4a4be7 on 27 January 2022.

--- Dataset description provided by original source is as follows ---

This dataset includes small business loans or grants issued for emergency COVID-19 financial assistance. Underlying data is provided by the Department of Small Business Services (SBS). Dollar amounts are in actual dollars. This dataset will be refreshed on a quarterly basis.

--- Original source retains full ownership of the source dataset ---

The Government is implementing an exceptional guarantee scheme to support the bank financing of companies, up to EUR 300 billion. Until December 31, companies of any size, regardless of the legal form of the company (including companies, traders, craftsmen, farmers, liberal professions, micro-entrepreneurs, associations and foundations engaged in economic activity), with the exception of civil real estate companies, credit institutions and finance companies, will be able to apply to their usual bank for a loan guaranteed by the State to support their cash flow. The Business Aid Scoreboard In order to offer visibility to all French people on the allocation of aid to enterprises, the Minister for Action and Public Accounts, with the technical support of the department Etalab of the Inter-Ministerial Directorate of Digital (DINUM), make available a scoreboard of which source code is available, which proposes a consolidated vision of the support provided to companies. Description of the data This dataset contains the data presented on the State Guaranteed Loans tab of the dashboard. The data shall inform, at regional and departmental granularity, the following data: — the number of loans guaranteed by the State; — the total amount of loans guaranteed by the State in euros; — the sector of activity of the beneficiary companies (via a section of the NAF code).

SBA Coronavirus (COVID-19) Relief Options: Economic Injury Disaster Loan (EIDL) Advances Report and Data

As a result of the coronavirus (COVID-19) crisis, many people worldwide faced job insecurity and income disruption. For mortgage borrowers in the United States, this means increased risk of delayed loan repayment, default and foreclosure.

In April 2020, the share of single-family housing mortgages owned by Freddie Mac that were in forbearance and delinquent for 30 days spiked to 44 percent. One year later, as of April 2021, approximately 20 percent of the mortgage loans in forbearance were delinquent for over 180 days.

Summary data for weekly applications received

During the COVID-19 pandemic, Russians were less likely to take loans for durable goods. Almost one half of respondents preferred to not take loans for that product category as of April 2020. Approximately one third of survey participants reported they were less likely to take a car loan during the crisis.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

RRF funding aims to fill gaps in immediate working capital for small businesses and nonprofits (including cultural organizations) until they can resume more normal operations. Recipients may or may not have applied for additional funding through Small Business Administration (SBA) loans and other federal disaster relief funding sources. Using $2 million of the City’s share of Food and Beverage Tax funds that the Bloomington Common Council approved for expenditure April 7, plus $500,000 of additional support approved by the Bloomington Urban Enterprise Association on April 8, the City is providing these immediate loans of up to $50,000 each to sustain area businesses in the short term and foster the regional economy. An advisory committee was appointed by the City of Bloomington to review applications and make recommendations for funding. This committee includes representatives from banking, financial services, and community organizations. Additionally, applicants may seek support on their application by contacting the City of Bloomington at economicvitality@bloomington.in.gov. For more information about this and other Recover Forward efforts, see: https://bloomington.in.gov/recoverforward

Tracking small business loans related to COVID-19.

According to a survey conducted by Infocus Mekong that tracked changes in consumer behaviors as a result of COVID-19, 63 percent of respondents in July 2020 stated that they would be taking out loans in the next six months. In comparison, 29 percent of respondents had the intention of taking out loans from banks, lending institutions or friends.

The outbreak of coronavirus in Poland changed the purchasing behavior of the society. Installment loan-concerned purchases, especially those made through large retail chains and e-commerce, such as electronics, household appliances, furniture and cars. In the 14th week of March, the downward trend in installment loans slowed down compared to the previous week. However, the collapse in this segment might be intensified by sales drop due to shopping malls' shutdown and trade restrictions across the country. In the case of the residential market, the first symptoms of the reconstruction of the demand for housing loans are visible. The housing loans' demand volume in the week 30.03. - 05.04. increased by 17.4 percent compared to the previous week figures.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

PPP Loans of over $150k, as reported by SBA as of 6/30/21 Locations were geocoded by LA City Geocoder. Some locations may not have matched. https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-data

The Federal Reserve established a Main Street Lending Program (Program) to help credit flow to small and medium-sized for-profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 crisis, but needed loans to help maintain their operations until they recovered from, or adapted to, the impacts of the pandemic. The Program terminated on January 8, 2021. The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board.

According to Cognitive Market Research, the global small business loan market size is USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. Latin America had a market share for more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The medium term loan held the highest Small business loan market revenue share in 2024. Market Dynamics of Small business loan Market Key Drivers for Small business loan Market Government Support Programs to Increase the Demand Globally Government support programs play a pivotal role in boosting global demand for small business loans. By providing guarantees, subsidies, and low-interest loan options, governments reduce the financial risk for lenders, encouraging them to extend more credit to small businesses. Initiatives like the Small Business Administration (SBA) loans in the U.S. or similar programs in other countries, offer critical financial backing that enables small businesses to secure the necessary capital for growth and operations. Additionally, grants and tax incentives further alleviate the financial burdens on small enterprises, making borrowing more attractive. These supportive measures not only stimulate entrepreneurial activity and economic growth but also foster innovation and job creation, thereby enhancing the overall economic landscape and driving increased demand for small business loans globally. Online lending platforms to propel the market growth Online lending platforms are revolutionizing the small business loan market by significantly propelling its growth. These platforms leverage advanced technology to streamline the loan application process, making it faster and more efficient compared to traditional methods. Small businesses benefit from quicker approval times and access to a broader range of loan products tailored to their specific needs. The user-friendly interfaces and data-driven decision-making tools used by online lenders improve accessibility for businesses that might struggle with traditional lending criteria. Additionally, the competitive interest rates and flexible repayment options offered by these platforms attract a diverse pool of borrowers. By breaking down geographic and bureaucratic barriers, online lending platforms are expanding the reach of financial services, fostering innovation, and driving substantial growth in the small business loan market. Restraint Factor for the Small business loan Market High-interest rates to Limit the Sales High-interest rates significantly limit sales in the small business loan market. When interest rates are elevated, the cost of borrowing increases, making loans less affordable for small businesses. This higher financial burden can deter many businesses from taking out loans, especially those with tight profit margins or limited cash flow. Consequently, potential borrowers may postpone or abandon plans for expansion, equipment purchases, or other investments that require financing. Furthermore, high-interest rates increase the risk of default, which can lead to stricter lending criteria and reduced loan availability from cautious lenders. This environment creates a challenging cycle where high costs inhibit demand and access to credit, ultimately restricting the overall growth and dynamism of the small business sector. Impact of Covid-19 on the Small business loan Market The COVID-19 pandemic had a profound negative impact on the small business loan market. As economic uncertainty surged, many small businesses faced significant revenue losses, reducing their ability to repay loans. Consequently, lenders became more risk-averse, tighte...

According to Cognitive Market Research, the global business loan market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 12.00% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD XX million in 2024, it will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will rise at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and will be USD XX million in 2024, growing at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
The long-term loans held the highest business loan market revenue share in 2024.

Market Dynamics of Business Loan Market

Key Drivers for Business Loan Market

Economic Growth Drives Demand for Business Loans

Economic growth plays a pivotal role in driving demand for business loans within the market. When the economy is expanding, businesses often seek to invest in new opportunities, scale operations, and increase production to meet growing demand. This expansion necessitates access to additional capital, leading companies to turn to business loans as a source of funding. In a thriving economic environment, lenders are typically more willing to extend credit due to lower risk, which encourages businesses to take out loans for various purposes such as working capital, equipment upgrades, or expansion projects. Consequently, a robust economic climate fosters a positive cycle where increased borrowing fuels further business growth, driving the overall business loan market forward.

Fintech Innovations Facilitate Easier Loan Access and Approval Propels Market Growth

Fintech innovations play a crucial role in propelling growth in the business loan market by facilitating easier loan access and streamlined approval processes. The integration of advanced technologies such as artificial intelligence, machine learning, and big data analytics has revolutionized traditional lending methods, enabling lenders to make quicker, more data-driven decisions. Online platforms and mobile applications provide businesses with convenient ways to apply for loans, eliminating the need for in-person meetings or extensive paperwork. These innovations expedite the application and approval process and allow for more inclusive lending, reaching various businesses, including startups and small enterprises. As a result, fintech-driven efficiencies enhance the overall customer experience and contribute significantly to the expansion and evolution of the business loan market.

Restraint Factor for the Business Loan Market

High Default Rates Can Prevent Lenders from Issuing Loans

High default rates pose a significant restraint on the business loan market by discouraging lenders from issuing loans. When lenders experience a surge in defaults, they incur financial losses. They must allocate more resources toward risk management and debt recovery, leading to a decrease in available capital for new loans. Additionally, heightened default rates signal underlying economic challenges or weaknesses within specific industries, causing lenders to adopt more conservative lending practices to mitigate potential losses. As a result, businesses may encounter increased difficulty in obtaining financing, particularly those with less-than-stellar credit histories or operating in sectors prone to default risk. The reluctance of lenders to extend credit in such circumstances can create a tightening credit environment, constraining business growth opportunities and hindering economic expansion overall.

Impact of Covid-19 on the Business Loan Market

The COVID-19 pandemic had an intense impact on the business loan market, disrupting traditional lending dynamics and posing challenges for both lenders and borrowers. The economic uncertainty and widespread business closures led to a sharp increase in credit risk, prompting lenders to tighten their lending standards and scr...

Graph and download economic data for Monetary Authority; Depository Institution Loans N.E.C. to Other Financial Business COVID-19 Municipal Liquidity Facility (MLF); Asset, Revaluation (BOGZ1FR713068923A) from 1946 to 2024 about MLF, monetary authorities, revaluation, finance companies, companies, finance, financial, assets, loans, depository institutions, and USA.