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Grounds for applying for financing of SMEs in the UK 2017, by company size

Reasons for applying for external finance according to small businesses in the United Kingdom (UK) as of 2017 by company size

by James Cherowbrier, last edited Jul 3, 2018
Grounds for applying for financing of SMEs in the UK 2017, by company size This statistic presents the reasons of small and medium enterprises (SME) to seek for external finance according to SME employers who had applied for financing in the United Kingdom (UK) as of 2017. A total of 56 percent of micro companies had done so to acquire working capital to fund general growth, whilst 78 percent of medium businesses sought external finance for the same reason. Only 17 percent of medium businesses sought external financing in order to cover a short term gap due to an unexpected expense.
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Reasons for applying for external finance according to small businesses in the United Kingdom (UK) as of 2017 by company size

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