SMEs credit card application outcomes UK

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

Characteristic	Share of businesses
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Release date

June 2020

More information

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

184 respondents

Special properties

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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