External finance types sought by small and medium enterprises in the UK in 2018

This statistic illustrates the types of financing that small and medium enterprises (SME) were seeking and had applied for in the preceding 12 months according to SME employers in the United Kingdom (UK) as of 2018. It can be seen that a total of 34 percent of businesses had applied for loans from a bank, building society or other financial institutions in the previous 12 months at that time. A further 34 percent of SMEs had applied for a bank overdraft facility in the last 12 months as of 2018.

Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) as of 2018

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Source

Release date

May 2019

Region

United Kingdom

Survey time period

August 2018 to January 2019

Number of respondents

449 respondents

Special properties

small businesses with employees

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

Question was posed to those companies that had applied for finance in the 12 months preceding the interview and it was read as follows: "What type of finance did you seek? Please include all types of finance including where you failed to obtain it".
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).

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Statistics on "Small and medium enterprises financing in the United Kingdom"

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