Four pie charts representing the relative average weight of SMEs’ funding sources in four countries, for the period 2013–16. For the UK: outstanding business loans (78%), venture capital investment (1%), leasing and hire purchases (12%), factoring and invoice discounting (9%). For the USA: outstanding business loans (52%), venture capital investment (6%), leasing and hire purchases (36%), factoring and invoice discounting (6%). For China: outstanding business loans (33%), venture capital investment (3%), leasing and hire purchases (37%), factoring and invoice discounting (27%). For Japan: outstanding business loans (71%), venture capital investment (1%), leasing and hire purchases (7%), factoring and invoice discounting (21%).