Small Business Finance Markets Report 2021 Infographic

Record levels of smaller businesses sought external financial support


of SMEs applied for external financial support in 2020, compared to 13% in 2019


gross bank lending (excluding overdrafts) to smaller businesses, 82% higher than 2019

Surge in use of government-backed finance schemes and grants


of SMEs using loans, up from 10% in previous years


of businesses using grant funding, up from 2% in 2019

External finance most often sought for cashflow



of businesses seeking finance in 2020 did so because of the impact of Covid-19


of these SMEs sought external finance to help with cashflow

Both cash balances and debt have risen



of SMEs have spent all their facilities, and 19% had not spent any by Q3 2020


of SMEs using Covid-19 loans have borrowed more than 20% of their turnover

Moving towards recovery


of businesses expected to grow over the next 12 months in the 4th quarter of 2020

SMEs in business services (25%) and production (23%) sectors were most optimistic about their prospects for growth over the next year

More SMEs will look to grow as the economy emerges from lockdown