This statistic illustrates the outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK)during 2019. It can be seen that nine percent of SMEs in the UK stated that their credit card applications were completely unsuccessful at that time. Although this was the case, a total of 79 percent of SMEs stated that their credit card applications were completely in 2019.
Outcome of credit card 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 credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 [Graph]. In Statista. Retrieved May 23, 2022, from https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/
GOV.UK. "Outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019." Chart. June 4, 2020. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/
GOV.UK. (2020). Outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019. Statista. Statista Inc.. Accessed: May 23, 2022. https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/
GOV.UK. "Outcome of Credit Card 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/594451/sme-credit-card-application-outcomes-united-kindom/
GOV.UK, Outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 Statista, https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/ (last visited May 23, 2022)
