The State of Small Business Debt in 2024: Insights from Global Data
Burt and Associates
FEBRUARY 3, 2025
The Rise in Business Borrowing The Global Findex Database reports that in 2021, nearly 45% of small businesses relied on credit to finance operations , with many turning to banks, alternative lenders, and trade credit. Alternative lenders charge higher interest rates, increasing the risk of long-term financial strain.
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