{"id":14694,"date":"2021-03-16T06:29:19","date_gmt":"2021-03-16T06:29:19","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=14694"},"modified":"2021-03-16T06:34:45","modified_gmt":"2021-03-16T06:34:45","slug":"5-types-of-businesses-that-are-booming-during-the-pandemic","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/5-types-of-businesses-that-are-booming-during-the-pandemic\/","title":{"rendered":"5 Types of Businesses That Are Booming During the Pandemic"},"content":{"rendered":"
<\/span><\/p>\n 2020 pulled no punches. As the coronavirus brought the global economy to its knees, many businesses had to lose revenue, lay off workers, or close shop. However, some companies have enjoyed a sudden surge in demand thanks to the pandemic.<\/span><\/p>\n With businesses and industries worldwide learning to adjust to the pandemic, some historically underperforming businesses have mustered enough tenacity to exploit this new landscape. Here are five such businesses that are beating the odds despite the pandemic-induced economic turmoil.<\/span><\/p>\n The alternative finance industry for personal loans has experienced a phenomenal uptick in the space of one year. Due to record high unemployment rates and business closures, the demand for <\/span>loan places<\/span><\/a> has skyrocketed in recent months, creating unprecedented pressure for conventional lending institutions like banks.<\/span><\/p>\n Traditionally, consumers and SMEs have accessed credit services through banks. However, but with numerous barriers to quick loans, many consumers have turned to alternative lenders. Unlike traditional banks, alternative lenders have less stringent regulations and can even provide loans for personal needs, e.g., paying the bills at reasonable rates.<\/span><\/p>\n Although the general business landscape had been slowly tipping towards e-commerce, the pandemic has accelerated this transition tremendously. Due to quarantines, mandatory lockdowns, and governments shutting down non-essential businesses, many previously brick-and-mortar establishments had to find new ways of reaching their customers.<\/span><\/p>\nLending Services<\/span><\/h2>\n
E-Commerce<\/span><\/h2>\n