DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/z2hk9s/u_s_tech) has announced the addition of the "U.S. Tech Platform Based Alternative Lending Market Report 2015" report to their offering.
The online small business lending market is in its infancy. Online platforms in US have issued loans worth $530 million in 2012, $861 million in 2013 and $2.3 billion in 2014. By 2016, online small business lending in US will reach $5.2 billion.
Small-business owners who need quick access to capital have a burgeoning industry eager to fund them. Business lending through online platforms has grown significantly in the past two years. The tight credit environment in US is fueling demand.
Emerging online alternative lenders uses personal credit history, key metrics about the borrower's business and also uses predictive modeling, data aggregation, and electronic payment technology to assess the health & performance of a business.
While the online market is in the earliest stages of transformation, it is clear that the traditional small business bank lending model has left gaps that, with the help of technology, challengers are finding promising and profitable. Clearly new online entrants present a challenge to established players in the small business lending marketplace. Things started changing in 2007 but grew at slow pace. After the financial crisis, when banks became stricter in lending, alternative lending models started growing at a rapid pace. Small entrepreneurs, who were having a hard time in getting loans from banks, started drifting to online platforms for fast cash.
Key Topics Covered:
1. Automated Small Business lending:
Overview of Business Lending through Online Platforms
Market Size of Business Lending through Online Platforms in US
Market Share of Business Lending through Online Platforms - Players in US
Business Lending through Online Platforms - Forecasts in US (2014 -2025)
2. Use of Cloud, Analytics and Mobility in Business lending through Online Platforms
3. Upcoming regulations in Online Platform-based Business Lending
For more information visit http://www.researchandmarkets.com/research/z2hk9s/u_s_tech