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Entities SMEs speak first to when in the need of external finance in the UK in 2014

The statistic presents the distribution of sources of help or advise that small and medium sized enterprises (SMEs) turned to first, having realized the need for external financing in the United Kingdom (UK) as of 2014. The majority of respondents (57 percent) first turned to their main bank. Further eight percent approached their private circle: friends or colleagues.

Individuals or institutions small and medium enterprises first turn to when seeking external finance in the United Kingdom (UK) as of 2014

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Source

Release date

January 2015

Region

United Kingdom

Survey time period

August 27 to September 19, 2014

Number of respondents

1,000*

Special properties

people responsible for business finances

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

Data was weighted by size, sector and age to match the profile of the population of businesses.

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