Non-mortgage loan services for business purposes
CPC v2.1 Code: 71135
About non-mortgage loan services for business purposes
cpc code 71135 covers a range of non-mortgage loan services provided to businesses for various purposes. This industry plays a crucial role in supporting the growth and development of the broader economy by facilitating access to capital for companies that may not qualify for traditional bank loans. These specialized lending services cater to the unique financing needs of businesses, enabling them to expand operations, invest in new equipment, or manage cash flow fluctuations.
Production process
The main production techniques in this industry involve evaluating the creditworthiness of business loan applicants, assessing the risk associated with each loan, and structuring the terms and conditions of the financing. Lenders in this industry utilize a range of financial analysis tools, credit scoring models, and underwriting processes to determine the appropriate loan amount, interest rate, and repayment schedule for each client.
Production inputs
The key inputs required for this industry include access to capital, which lenders use to fund the loans they provide to businesses. Additionally, these firms rely on skilled financial analysts, underwriters, and customer service representatives to assess loan applications, manage the loan portfolio, and maintain relationships with borrowers. Technological infrastructure, such as loan management software and data analytics tools, also plays a crucial role in the efficient operation of this industry.
Production outputs
The primary output of this industry is the provision of non-mortgage business loans, which can be used by 11 Agriculture, Forestry, Fishing and Hunting, 21 Mining, Quarrying, and Oil and Gas Extraction, 23 Construction, 31-33 Manufacturing, and other sectors to finance their operations and growth. These loans can take various forms, including term loans, lines of credit, and specialized financing products tailored to the specific needs of different industries.
Family tree for non-mortgage loan services for business purposes
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/711'>711: Financial services, except investment banking, insurance services and pension services</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7113'>7113: Credit-granting services</a>"]
D --> E["<a href='/classifications/cpc/v2-1/71135'>71135: Non-mortgage loan services for business purposes</a>"]
D --> F["<a href='/classifications/cpc/v2-1/71131'>71131: Residential mortgage loan services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71132'>71132: Non-residential mortgage loan services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71133'>71133: Personal non-mortgage loan services for non-business purposes</a>"]
D --> I["<a href='/classifications/cpc/v2-1/71134'>71134: Credit card loan services</a>"]
D --> J["<a href='/classifications/cpc/v2-1/71139'>71139: Other credit-granting services</a>"]
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