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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 28855
2 Do not want to borrow (more) in the current climate 3576
3 The predicted performance of the business means we don't wan 2230
4 Think the bank would say no 993
5 Think it would be too expensive 540
6 *Think the bank would want security 80
7 Too much hassle 381
8 Already have the facilities we need 3043
9 Do not find bank forms and literature easy to understand 19
10 We mentioned it informally to the bank but they seemed reluc 118
11 Facilities come with too many terms and conditions 43
12 I prefer not to borrow 459
13 I do not want to lose control of the business 80
14 I can get finance from family and friends if needed 27
15 I can raise personal funds if needed 164
16 Prefer to use other forms of finance 76
17 Did not want to go through application process 16
18 Don't like borrowing / being in debt 26
19 Business is closing / scaling down 101
20 Planning to sell business 27
21 At our limit / want to clear the debts we have before borrow 5
22 Bank terms are unacceptable 0
23 Retiring / about to retire 31
24 Do not trust banks 8
25 Other 163
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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