In 2024, small and medium-sized businesses applied to banks for an average of 11.4 million rubles for development and received just over 4 million rubles. At the same time, only 2.5% of applicants were approved for a business development loan, and the average loan rate for them was 27%.
Subscribe to RB.RU on Telegram
The average amount of loans that small and medium-sized businesses requested from banks for their development in 2024 was 11.4 million rubles. The figure grew by 14% year-on-year, according to a study by the financial market Compare, based on data from its own platform.
At the same time, the average amount that the bank approved for commercial loans in 2024 was 4.2 million rubles. This is 16% more than in 2023.
Only 2.5% of business applications for loans for their own development were approved by banks. The average rate on such loans in 2024 was 27%, and in 2023 it was 23%.
The most popular loan programs were business loans (29%), revolving lines of credit (16%), secured loans (31%), and overdrafts (8%).
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
Join our expert trading community and receive premium signals directly to your inbox. Maximize your profits with every trade!
