More than half of small and medium-sized (MKB) retailers claim it was more difficult for them to get a loan from the bank in 2010 than in 2007. Nearly 60 percent think banks are more cautious about giving out loans than in 2007.
Banks cautious about giving out loans
The number of MKB businesses trying to find capital has risen by half between 2007 and 2010. In 2007 as well as 2010, 94 percent of MKB businesses looking for capital from outside sources initially asked their bank for a loan. Last year, only 61 percent were successful, as against 84 percent in 2007.
Some 54 percent of MKB retailers indicated that (much) more effort was required to get a loan from their bank in 2010 than in 2007. Only 5 percent of respondents said it was easier for them to get a bank loan than three years ago.
Opinions about the effort required to get a bank loan in 2010 relative to 2007
Not enough personal capital or assets to provide security
Most MKB retailers said the main reason for banks to refuse to lend them money was because they did not have enough money or property to secure a loan. The questionable solvency and the fear of banks for repayment default also played a part in this respect.
Banks’ willingness to lend in 2010 relative to 2007
MKB reports banks are less prepared to give out loans
Nearly 60 percent of MKB retailers, who tried to obtain a bank loan, think that the willingness of banks to provide loans has declined in 2010 relative to 2007. With 75 percent and 68 percent respectively, the sector information and communication and the construction sector are most negative. In 90 percent of cases, entrepreneurs trying to obtain a bank loan turned to the bank they had dealt with in the past.