This site uses cookies

Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.

For more detailed information please check our Cookie notice.

Necessary cookies

Necessary cookies enable core functionality. This website cannot function properly without these cookies.

Cookies that measure website use

If you provide permission, we will use Google Analytics to measure how you use the website so we can improve it based on our understanding of user needs. Google Analytics sets cookies that store anonymised information about how you got to the site, the pages you visit, how long you spend on each page and what you click on while you're visiting the site.

 

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 31658
2 Do not want to borrow (more) in the current climate 3179
3 The predicted performance of the business means we don't wan 1880
4 Think the bank would say no 753
5 Think it would be too expensive 359
6 *Think the bank would want security 52
7 Too much hassle 385
8 Already have the facilities we need 2611
9 Do not find bank forms and literature easy to understand 30
10 We mentioned it informally to the bank but they seemed reluc 87
11 Facilities come with too many terms and conditions 33
12 I prefer not to borrow 0
13 I do not want to lose control of the business 64
14 I can get finance from family and friends if needed 26
15 I can raise personal funds if needed 153
16 Prefer to use other forms of finance 50
17 Did not want to go through application process 22
18 Don't like borrowing / being in debt 30
19 Business is closing / scaling down 80
20 Planning to sell business 27
21 At our limit / want to clear the debts we have before borrow 1
22 Bank terms are unacceptable 0
23 Retiring / about to retire 42
24 Do not trust banks 4
25 Other 148
26 Don't know 60
-99.99 NA 8396
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
UKRI logo

Funded by UKRI through the ESRC with contributions from our partners.

© 2025 UK Data Service
We are supported by the University of Essex, University of Manchester, Jisc, UCL and University of Edinburgh. We are funded by UKRI through the Economic and Social Research Council.