SMEs that sought loans from family or friends in the UK 2019, by outcome

Published by Statista Research Department, Oct 11, 2023
This statistic illustrates the share of respondent's outcomes of applications for loans from family and friends for their small and medium enterprises (SMEs) in the United Kingdom (UK) in 2019. It can be seen that the majority of individuals surveyed (86 percent) stated that they received all of the loans from family or friends they asked for, whilst only two percent of respondents stated that they received none of the sought after financing in 2019.

Share of small and medium enterprise (SME) employers who asked family or friends for loans in the United Kingdom (UK) in 2019, by outcome

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Source

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Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

17*

Method of interview

Telephone interview

Supplementary notes

* Weighted bases. Unweighted bases: n=52
** Refused to give answer.

This statistic is using original data from the Government Digital Service and includes copyright material from © Crown, licensed under the Open Government License v3.0

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