In pictures: Europe's best solar eclipse since 1999

The recent total solar eclipse that crossed Iceland and Spain on August 12, with much of Europe witnessing a partial eclipse, may seem like a rare celestial event, but it also had a tangible impact on businesses. The influx of tourists and eclipse enthusiasts created a surge in demand for accommodations, travel, and related services, ultimately benefiting local economies.

This phenomenon highlights the economic potential of rare events, which can be a significant factor for lenders to consider when assessing business loan applications. For instance, companies in the tourism and hospitality industries may experience increased revenue during such events, potentially improving their creditworthiness. Conversely, lenders may also need to be cautious of businesses that are overly reliant on such events, as they can be unpredictable and irregular.

As lenders continue to navigate the complex landscape of small business financing, it's essential to keep an eye on how businesses adapt to and capitalize on unique events like the solar eclipse. The next thing to watch is how lenders respond to the increased demand for financing from businesses looking to capitalize on similar events in the future, such as major sporting events or cultural festivals. Will lenders take a more nuanced approach to assessing creditworthiness, factoring in the potential for irregular revenue streams? Only time will tell.

Originally reported by cnbc.com. LendingNews adds analysis for finance & markets readers.