This statistic illustrates the outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018. It can be seen that eight 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 75 percent of SMEs stated that their credit card applications were completely successful as of 2018.
Outcome of credit card 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
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 credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018 [Graph]. In Statista. Retrieved June 01, 2020, 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 2018." Chart. May 24, 2019. Statista. Accessed June 01, 2020. https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/
GOV.UK. (2019). Outcome of credit card applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018. Statista. Statista Inc.. Accessed: June 01, 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 2018." Statista, Statista Inc., 24 May 2019, 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 2018 Statista, https://www.statista.com/statistics/594451/sme-credit-card-application-outcomes-united-kindom/ (last visited June 01, 2020)
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