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External finance used by SMEs in the United Kingdom in 2019, by finance type

This statistic illustrates the share of respondents that use external financing for their small and medium enterprises (SMEs) in the United Kingdom in 2019. It can be seen that 34 percent of individuals surveyed stated that they used a credit card as a source of external financing, whilst only two percent of respondents stated that they used a loan from a peer to peer (P2P) platform as a source of external financing.

Are you currently using any of these types of external finance for your business?

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Source

Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

2,659*

Method of interview

Telephone interview

Supplementary notes

* Weighted basis.
** e.g. where a share of the business is sold to investors or other people.
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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