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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 25566
2 Do not want to borrow (more) in the current climate 3200
3 The predicted performance of the business means we don't wan 1926
4 Think the bank would say no 924
5 Think it would be too expensive 543
6 *Think the bank would want security 76
7 Too much hassle 330
8 Already have the facilities we need 2748
9 Do not find bank forms and literature easy to understand 14
10 We mentioned it informally to the bank but they seemed reluc 105
11 Facilities come with too many terms and conditions 38
12 I prefer not to borrow 589
13 I do not want to lose control of the business 78
14 I can get finance from family and friends if needed 27
15 I can raise personal funds if needed 187
16 Prefer to use other forms of finance 81
17 Did not want to go through application process 12
18 Don't like borrowing / being in debt 26
19 Business is closing / scaling down 112
20 Planning to sell business 32
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 176
26 Don't know 4006
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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