Access to Finance 2007 and 2010

• 35 per cent of small and medium-sized businesses sought finance in 2007. This rose to 42 per cent in 2010.
• For those seeking loan finance, around three-quarters of businesses approached banks.
• In 2007, successful loan finance approaches to banks were around 90 per cent. This fell to 65 per cent in 2010.
• Five out of every six businesses that expect to need future finance anticipate seeking it from banks.

ONS Access to Finance