Major Group SIC 6153 - Short-term Business Credit Institutio...

SIC 6153 - Short-term Business Credit Institutions, Except Agricultural

SIC 61 - Non-depository Credit Institutions
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 615 - Business Credit Institutions
  SIC 611 - Federal And Federally-sponsored Credit Agencies SIC 614 - Personal Credit Institutions SIC 615 - Business Credit Institutions SIC 616 - Mortgage Bankers And Brokers
  - SIC 6153 - Short-term Business Credit Institutions, Except Agricultural
    SIC 6153 - Short-term Business Credit Institutions, Except Agricultural SIC 6159 - Miscellaneous Business Credit Institutions

Establishments primarily engaged in extending credit to business enterprises for relatively short periods. Private establishments primarily engaged in extending agricultural credit are classified in Industry 6159.

Industry trends:

In the Short-term Business Credit Institutions industry (NAICS 6153), several qualitative trends have been observed recently. A significant trend is the increasing reliance on advanced technologies such as artificial intelligence and machine learning to assess creditworthiness and automate loan approval processes. This trend aims to enhance the speed and accuracy of loan disbursements while reducing operational costs. Additionally, there is a growing emphasis on personalized financial products tailored to the specific needs of small and medium enterprises (SMEs). This customer-centric approach helps institutions build stronger relationships and improve client retention.

Another notable trend is the rise in demand for alternative lending solutions, encouraged by tighter bank lending regulations and a focus on financial inclusivity. Peer-to-peer lending platforms and FinTech companies are playing a critical role in fulfilling this demand, offering more accessible and flexible credit options. Moreover, sustainability has become a significant focus, with institutions increasingly factoring environmental, social, and governance (ESG) criteria into their lending decisions.

Looking to the near future, forecasts suggest that the industry will continue to see growth driven by technological innovation and the expansion of digital financial services. The integration of blockchain technology for secure transactions and transparent lending practices is expected to gain traction. Additionally, geopolitical and economic uncertainties may influence the risk appetites and lending behaviors, prompting institutions to adopt more rigorous risk management frameworks and diversify their portfolios to mitigate potential downturns.

This industry is comprised of:

Business credit institutions, short-term Credit card service,

Direct working capital financing

Factors of commercial paper

Financing of dealers by motor vehicle manufacturers'organizations

Installment notes, buying of

Installment paper dealer

Mercantile financing

Purchasers of accounts receivable and commercial paper

Trust deeds, purchase and sale of

Working capital financing

Explore related industries:

SIC 6099 - Functions Related to Depository Banking, Not Elsewhere Classified SIC 7323 - Credit Reporting Services SIC 7515 - Passenger Car Leasing

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