Loan application outcomes for SMEs in the United Kingdom (UK) 2018

This statistic illustrates the outcome of loan applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018. It can be seen that 20 percent of SMEs in the UK stated that their loan applications were completely unsuccessful at that time. Although this was the case, a total of 61 percent of SMEs stated that their loan applications were completely successful as of 2018.

Outcome of loan applications* or small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2018

Share of businesses
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Source

Release date

May 2019

Region

United Kingdom

Survey time period

August 2018 to Janaury 2019

Number of respondents

100 respondents

Special properties

SMEs that applied for a loan 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).

* Outcome of application: loans from banks/building societies etc.

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Statistics on "Small and medium enterprises financing in the United Kingdom"

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