What is the average outstanding balance on revolving lines of credit for small businesses?
Answer by Sara Davis:
I would say it depends on the business, industry, etc., I wouldn't say there is an average. Some may owe zero, and others owe quite a bit of money.
Perhaps if you provide more explanation to what you are looking for, we can help. Are you looking to compare your company with those in your industry, etc.,?
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*Disclaimer, I do work with RapidAdvance, but we offer a great assortment of loan options.