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Use of trade credit for SMEs in Luxembourg 2020

This statistic shows answers to a survey question about the use of trade credit for SMEs in Luxembourg in 2020. In 2020, approximately 86 percent of the Luxembourg respondents answered trade credit was 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.

Have you obtained trade credit from your business partners in the past six months?

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Source

Release date

December 2020

Region

Luxembourg

Survey time period

16 September, 2020 to 25 October, 2020

Number of respondents

100 respondents

Age group

18 years and older

Special properties

SMEs

Method of interview

Telephone interview

Supplementary notes

This question was phrased by the source as follows: "Leasing or hire-purchase - 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 obtained new financing of this type in the past six months?"

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Statistics on "SME financing in the Benelux"

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