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What are the relevant sources of financing for SMEs in the European Union?
In the European Union, the SMEs who were asked about financing they used in the past or were
considering in the future reported that the three most important sources of financing are credit lines
(relevant for 52% of SMEs), leasing (47%) and bank loans (47%). Equity financing is relevant for 12% of the
EU SMEs. In the past 6 months they most often used credit lines (35%).
52% .
47% 47%
In the European Union, out of those SMEs who applied, 5% of bank loan applications were rejected. In
addition to the problem of loan applications being rejected, 11% of companies who successfully applied
received less than they applied for and 1% reported that they declined the loan offer from the bank
because they found the cost unacceptable. It means that, in total, 18% of the EU SMEs did not manage to
get the full bank loan they had planned for during 2018. Back in 2009, the rejection rate in the European
Union was 13%, with 34% not getting the fully planned financing.
40%
34% . 2018
35%
30% 27%
16%
received
25%
part 20% 22%
20% 17% 18% 18% 17% 16% 5%
cost too 20% 12%
15% 11% 13%
10% 11% 11% high 11% 11% 11%
13% 6% 8%
5% rejected 12%
5% 5% 5% 4% 4% 6% 4% 7% 2%
0%
*