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Variable

UK Data Service variable record for:

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

Variable Details

Variableq239a
LabelQ.239a And which of these would you say was the MAIN reason why you will not apply for external finance?
Responses
1 Do not need to borrow / borrow more 28534
2 Do not want to borrow (more) in the current climate 3560
3 The predicted performance of the business means we don't wan 2217
4 Think the bank would say no 1003
5 Think it would be too expensive 582
6 *Think the bank would want security 83
7 Too much hassle 362
8 Already have the facilities we need 3080
9 Do not find bank forms and literature easy to understand 19
10 We mentioned it informally to the bank but they seemed reluc 115
11 Facilities come with too many terms and conditions 40
12 I prefer not to borrow 589
13 I do not want to lose control of the business 84
14 I can get finance from family and friends if needed 29
15 I can raise personal funds if needed 195
16 Prefer to use other forms of finance 83
17 Did not want to go through application process 18
18 Don't like borrowing / being in debt 29
19 Business is closing / scaling down 116
20 Planning to sell business 35
21 At our limit / want to clear the debts we have before borrow 7
22 Bank terms are unacceptable 0
23 Retiring / about to retire 39
24 Do not trust banks 11
25 Other 186
26 Don't know 75
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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