The global commercial lending market is estimated to register a revenue of $27,406.6 billion by 2028, growing at a healthy CAGR of 14.4% during the forecast period of 2021 to 2028, according to a new report from Research Dive.
Dynamics of the Commercial Lending Market
COVID-19 Impact on the Commercial Lending Market
The outbreak of the COVID-19 pandemic has had a positive impact on the global commercial lending market due to a sudden spike in industrial and commercial loans since several enterprises went out of business amid the pandemic. The engagement of SMEs in commercial loan lending has also boosted the market growth during the pandemic. Moreover, banks have witnessed a surge in the demand for commercial loans since most businesses have required additional financing. These factors have bolstered the market growth during the pandemic stress.
Segments of the Commercial Lending Market
The report has segmented the commercial lending market into multiple segments based on type, organization size, providers and regional analysis.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!