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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 199
2 I thought it would be too expensive 191
3 I thought I would be turned down 378
4 This is not the right time to apply for borrowing 56
5 I thought we would be asked to provide too much security 55
6 Overdraft facilities come with too many terms and conditions 58
7 I do not want to lose control of the business 36
8 It would be too much hassle 64
9 I can get finance from family and friends 16
10 I can raise personal funds 33
11 Prefer to use other forms of finance 25
12 Did not want to go through application process 35
13 Find bank forms and literature hard to understand 6
14 Due to our business sector / type of business 6
15 No time / too busy 0
16 Do not need it 3
17 It is a new business 5
18 Banks are not lending 9
19 Other 65
20 Don't know 16
-99.99 NA 48843
DisclaimerPlease note that these frequencies are not weighted.
LocationSmall- and Medium-Sized Enterprise Finance Monitor, 2011-2017
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