SIC Code 6141-07 - Loans-Alternative
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SIC Code 6141-07 Description (6-Digit)
Loans-Alternative is a subdivision of the Personal Credit Institutions industry that provides non-traditional lending options to individuals and businesses. This industry offers loans to those who may not qualify for traditional bank loans due to poor credit history, lack of collateral, or other reasons. Loans-Alternative companies typically have more flexible lending criteria and may offer higher interest rates to compensate for the increased risk.
Hierarchy Navigation for SIC 6-Digit Code 6141-07
Parent Code (less specific)
Tools
- Peertopeer lending platforms
- Online loan marketplaces
- Invoice financing software
- Merchant cash advance providers
- Crowdfunding platforms
- Microfinance institutions
- Payday loan providers
- Title loan providers
- Factoring companies
- Leaseback providers
Industry Examples of Loans-Alternative
- Peertopeer lending
- Invoice financing
- Merchant cash advances
- Crowdfunding
- Microfinance
- Payday loans
- Title loans
- Factoring
- Leaseback financing
- Online loan marketplaces
SIC Code 6141-07 - Loans-Alternative
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