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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 177
2 I thought it would be too expensive 194
3 I thought I would be turned down 355
4 This is not the right time to apply for borrowing 53
5 I thought we would be asked to provide too much security 66
6 Overdraft facilities come with too many terms and conditions 71
7 I do not want to lose control of the business 35
8 It would be too much hassle 91
9 I can get finance from family and friends 13
10 I can raise personal funds 54
11 Prefer to use other forms of finance 41
12 Did not want to go through application process 41
13 Find bank forms and literature hard to understand 7
14 Due to our business sector / type of business 4
15 No time / too busy 1
16 Do not need it 9
17 It is a new business 7
18 Banks are not lending 9
19 Other 72
20 Don't know 24
-99.99 NA 48813
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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