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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 183
2 I thought it would be too expensive 170
3 I thought I would be turned down 342
4 This is not the right time to apply for borrowing 52
5 I thought we would be asked to provide too much security 50
6 Overdraft facilities come with too many terms and conditions 52
7 I prefer not to borrow 3
8 I do not want to lose control of the business 36
9 It would be too much hassle 53
10 I can get finance from family and friends 13
11 I can raise personal funds 25
12 Prefer to use other forms of finance 24
13 Did not want to go through application process 26
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 4
19 Banks are not lending 7
20 Other 60
21 Don't know 12
-99.99 48977
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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