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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 139
2 I thought it would be too expensive 131
3 I thought I would be turned down 239
4 This is not the right time to apply for borrowing 40
5 I thought we would be asked to provide too much security 37
6 Overdraft facilities come with too many terms and conditions 33
7 I prefer not to borrow 0
8 I do not want to lose control of the business 28
9 It would be too much hassle 40
10 I can get finance from family and friends 10
11 I can raise personal funds 16
12 Prefer to use other forms of finance 13
13 Did not want to go through application process 21
14 Find bank forms and literature hard to understand 4
15 Due to our business sector / type of business 3
16 No time / too busy 0
17 Do not need it 3
18 It is a new business 3
19 Banks are not lending 4
20 Other 49
21 Don't know 8
-99.99 49370
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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