• 09 Nov

    Average Business Loan Represents Just 4.7 Percent Of Sales Ledger

    In our SME survey we asked SME businesses if they had business loans and if so what percentage it represented of their outstanding sales ledger. Of the 7% that had a business loan, the average value represented only 4.7% of their outstanding sales ledger.

    This figure is much lower than that for invoice finance, which can be an alternative to getting a business loan. Recent figures from the ABFA showed that the ratio of pure invoice finance funding to debtor outstandings was 42%.

    By Glenn Blackman

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