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External finance types sought by small and medium enterprises in the UK in 2019

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) in 2019. It can be seen that a total of 37 percent of businesses had applied for external finance via a bank overdraft facility in the previous 12 months. A further 36 percent of SMEs had applied for a bank Loan from a bank, building society or other financial institution in the last 12 months.

Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) as of 2019

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Source

Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

1,245 respondents

Special properties

Small businesses with employees

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

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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