SME finance – 2012 in review

SME Finance Monitor: BDRC

  • In Q4 2012, 41% of SMEs reported using any external finance, virtually unchanged from either Q3 2012, or the equivalent Q4 in 2011.
  • Larger SMEs remained more likely to be using external finance than smaller ones, but the proportion is declining over time.
  • Half of all SMEs had some ‘personal’ element to their business finance, while a third met the definition of a ‘Permanent non seeker’ of finance, and this proportion of SMEs is increasing gradually over time.
  • The proportion making a profit was stable, but smaller profits are being reported and there has been a slight increase in the proportion of SMEs with a worse than average external risk rating
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