This site uses cookies

Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.

For more detailed information please check our Cookie notice.

Necessary cookies

Necessary cookies enable core functionality. This website cannot function properly without these cookies.

Cookies that measure website use

If you provide permission, we will use Google Analytics to measure how you use the website so we can improve it based on our understanding of user needs. Google Analytics sets cookies that store anonymised information about how you got to the site, the pages you visit, how long you spend on each page and what you click on while you're visiting the site.

 

Variable

UK Data Service variable record for:

Small- and Medium-Sized Enterprise Finance Monitor, 2011-2017

Variable Details

Variableq116a
LabelQ.116a And which of these would you say was the MAIN reason why you did not apply for an overdraft?
Responses
1 We mentioned it informally to the bank but they seemed reluc 164
2 I thought it would be too expensive 153
3 I thought I would be turned down 293
4 This is not the right time to apply for borrowing 45
5 I thought we would be asked to provide too much security 42
6 Overdraft facilities come with too many terms and conditions 39
7 I prefer not to borrow 0
8 I do not want to lose control of the business 29
9 It would be too much hassle 49
10 I can get finance from family and friends 12
11 I can raise personal funds 23
12 Prefer to use other forms of finance 21
13 Did not want to go through application process 23
14 Find bank forms and literature hard to understand 5
15 Due to our business sector / type of business 4
16 No time / too busy 0
17 Do not need it 3
18 It is a new business 3
19 Banks are not lending 5
20 Other 56
21 Don't know 9
-99.99 49178
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
UKRI logo

Funded by UKRI through the ESRC with contributions from our partners.

© 2025 UK Data Service
We are supported by the University of Essex, University of Manchester, Jisc, UCL and University of Edinburgh. We are funded by UKRI through the Economic and Social Research Council.