Use of bank loans for SMEs in Luxembourg 2019

This statistic shows the results of a survey question about the use of bank loans in the past six months for SMEs in Luxembourg in 2019. In 2019, approximately 62 percent of the Luxembourg respondents answered bank loans were not relevant to their enterprise. Factoring is another form of corporate finance and is less common in Luxembourg then, for example, Belgium. In 2016, the total market volume of online alternative finance platforms in Belgium reached a value of approximately 51.5 million euros.

Use of bank loans of SMEs in the past six months in the Luxembourg 2019

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Source

Release date

December 2019

Region

Luxembourg

Survey time period

16 September, 2019 to 25 October, 2019

Number of respondents

100 respondents

Age group

18 years and older

Special properties

SMEs; The figures have been taken from several publications.

Method of interview

Telephone interview

Supplementary notes

This question was phrased by the source as follows: "Bank loan - Are the following sources of financing relevant to your enterprise, that is, have you used them in the past or considered using them in the future? Have you taken out a new loan or renewed such a loan in the past six months?"

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Statistics on "SME financing in the Benelux"

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