This statistic illustrates the outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018. It can be seen that 12 percent of small and medium enterprises in the UK stated that they did not receive an overdraft after applying for a bank overdraft at that time. A total of 75 percent of SMEs stated that they received the total overdraft that they applied for as of 2018.
Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018
SMEs that applied for finance in the last 12 months
Method of interview
Computer-assisted telephone interviews (CATI)
Supplementary notes
* Weighted basis 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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GOV.UK. (May 24, 2019). Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018 [Graph]. In Statista. Retrieved May 31, 2020, from https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/
GOV.UK. "Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018." Chart. May 24, 2019. Statista. Accessed May 31, 2020. https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/
GOV.UK. (2019). Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018. Statista. Statista Inc.. Accessed: May 31, 2020. https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/
GOV.UK. "Outcome of Bank Overdraft Applications for Small and Medium Enterprises (Smes) in The United Kingdom (Uk) as of 2018." Statista, Statista Inc., 24 May 2019, https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/
GOV.UK, Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018 Statista, https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/ (last visited May 31, 2020)
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