iwoca SME Expert Index Q1 2023

iwoca SME Expert Index Q1 2023 - full dataset

This data is based on insight from UK brokers who collectively submitted over 2,500 applications for unsecured finance on behalf of their SME clients in March 2023.

Showing data from Q1 2022 onwards. See archive for earlier results.

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*From Q1 21 until Q1 23, we had these four options instead of "Cost of finance": "Monthly repayment amount", "Total cost of borrowing", "APR", "Monthly interest rate". In Q1 23 we removed these options and added "cost of finance". We've added up the four old options to provide historical data for the new "cost of finance" category, as all four of the options were related to cost.

For more information on iwoca's SME Expert Index, please contact press@iwoca.co.uk.

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Words by

Charlotte Emms

Charlotte was a UK PR Manager at iwoca. She's been sharing news and insights about the finance industry for over four years.

Article updated on:

May 11, 2023

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The latest iwoca SME Expert Index reveals a surge in optimism among SME finance brokers, with 73% feeling positive about the future of small businesses. Despite the economic challenges, recession fears are at a record low, although political uncertainty remains a concern, with mixed opinions on the new Labour Government’s impact on SMEs.

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iwoca SME Expert Index Q1 2023 - full dataset