The State of Small Business Debt in 2024: Insights from Global Data
Burt and Associates
FEBRUARY 3, 2025
Bank Loans : Traditional bank loans remain the most common source of financing, but approval rates have declined by 8% post-pandemic. Default Rates : The delinquency rate on business loans rose to 2.1% Businesses should explore government-backed loan programs or invoice financing as alternatives to high-interest borrowing.
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