This statistic illustrates the outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019. It can be seen that 15 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 2019.
Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019
SMEs that applied for finance in the last 12 months
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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GOV.UK. (June 4, 2020). Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 [Graph]. In Statista. Retrieved May 22, 2022, 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 2019." Chart. June 4, 2020. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/
GOV.UK. (2020). Outcome of bank overdraft applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019. Statista. Statista Inc.. Accessed: May 22, 2022. 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 2019." Statista, Statista Inc., 4 Jun 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 2019 Statista, https://www.statista.com/statistics/594432/sme-overdraft-application-outcomes-united-kindom/ (last visited May 22, 2022)
