This statistic shows the use of bank loans for SMEs in the past six months in Belgium in 2020. In 2020, approximately 36 percent of the Belgian respondents answered bank loans were not relevant to their enterprise. Another method of corporate financing is factoring. 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 Belgium 2020
Characteristic
Share of respondents
Do not know/not applicable
2%
Not relevant to enterprise
36%
Did not use in the past six months
40%
Used in the past six months
22%
Created with Highcharts 7.2.2Share of respondents22%22%40%40%36%36%2%2%Used in the past six monthsDid not use in the past six monthsNot relevant to enterpriseDo not know/not applicable
0%10%20%30%40%50%
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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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European Commission, & ECB. (December 1, 2020). Use of bank loans of SMEs in the past six months in Belgium 2020 [Graph]. In Statista. Retrieved January 03, 2025, from https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/
European Commission, und ECB. "Use of bank loans of SMEs in the past six months in Belgium 2020." Chart. December 1, 2020. Statista. Accessed January 03, 2025. https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/
European Commission, ECB. (2020). Use of bank loans of SMEs in the past six months in Belgium 2020. Statista. Statista Inc.. Accessed: January 03, 2025. https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/
European Commission, and ECB. "Use of Bank Loans of Smes in The past Six Months in Belgium 2020." Statista, Statista Inc., 1 Dec 2020, https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/
European Commission & ECB, Use of bank loans of SMEs in the past six months in Belgium 2020 Statista, https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/ (last visited January 03, 2025)
Use of bank loans of SMEs in the past six months in Belgium 2020 [Graph], European Commission, & ECB, December 1, 2020. [Online]. Available: https://www.statista.com/statistics/674113/use-of-bank-loans-for-smes-in-belgium/
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