Loan application outcomes for SMEs in the United Kingdom (UK) 2019

Published by
Fernando de Querol Cumbrera,
Oct 11, 2023
This statistic illustrates the outcome of loan applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019. It can be seen that 24 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 62 percent of SMEs stated that their loan applications were completely successful in 2019.

Outcome of loan applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019

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Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

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.
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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