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External finance types sought by SMEs in the UK 2018

Types of external finance applied for by small to medium enterprises (SMEs) in the United Kingdom (UK) as of 2018

by James Cherowbrier, last edited May 24, 2019
External finance types sought by SMEs in the UK 2018 This statistic presents the types of financing applied for by small and medium enterprises (SME), in the past 12 months, in the United Kingdom (UK) as of 2018. It can be seen that 34 percent of SMEs applied for a loan from a bank, building society or other financial institution, a further 34 percent sought a bank overdraft facility. Only three percent of SMEs sought factoring or invoice discounting.
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Types of external finance applied for by small to medium enterprises (SMEs) in the United Kingdom (UK) as of 2018

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