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SME use of premium finance grows as average loan reaches £1,600

By 2025-12-02T14:00:00

treasury

‘SMEs are borrowing more to pay for insurance, but convenience rather than the rising cost of premiums is the main reason,’ says chief sales officer

The amount that SMEs are borrowing from credit providers to cover their insurance costs has nearly doubled over the past year, up to £1,600 on average from £820 in 2024.

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