|Small and medium sized enterprises applying for different types of finance, 2014|
|Size of Enterprise||Bank finance||Equity finance||Other types of finance|
|Micro (1-9 Persons employed)||20.0||1.7||5.0|
|Small (10-49 Persons employed)||35.0||2.5||8.0|
|Medium (50-249 Persons employed)||39.8||4.7||9.1|
|All SMEs (Under 250 Persons employed)||21.4||1.8||5.3|
Results from the 2014 Access to Finance survey show that bank finance was the most popular type of finance sought. Over a fifth of all small and medium sized enterprises (SMEs) applied for such finance in 2014. While 20% of micro sized enterprises applied for bank finance, the rate rose to 35% for small sized enterprises and increased again to 39.8% for medium sized enterprises.
Relatively few SMEs looked for finance from non-bank sources, for example only 4.7% of medium sized enterprises looked for equity finance compared to 39.8% of similar sized enterprises who looked for bank finance. Exporting SMEs generally made more applications for bank finance than non-exporting SMEs. See Headline table, Table 1 and Figures 1 & 2.