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Angel of the North: Newcastle named top British city to work for an SME

Newcastle upon Tyne is ranked the best city to work for a small business in Britain, according to new research released today by iwoca, one of Europe’s largest SME lenders.

iwoca SME Expert Index: Two in five finance brokers expect surge in SME demand for loans over £100,000 in next year, as recession fears ease

Meta channels lead the pack as 97% of SMEs now use social media for their business

Number of B2B sellers offering at least 60 day payment terms doubles since 2020, as value of outstanding invoices rises

A new economic report reveals that over twice as many B2B suppliers now offer 60-day payment terms compared to 2020, with eight in 10 adjusting terms to secure customers, increasing risk for sellers. Nearly half of UK suppliers are owed over £10,000, and many lack confidence in assessing customer creditworthiness, with only 58% conducting credit checks.

iwoca SME Expert Index: Clouds part in small business outlook as SME brokers bullish on economy

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.

Peterborough named best British city for SME jobs

SME lender iwoca publishes annual ‘Top 25 Towns & Cities for SME Jobs’ ranking for 2024, revealing the best places in Britain to work for a small business

Larger loans for SMEs: Applications for loans over £100k grow by half as SME optimism returns

SMEs are increasingly seeking larger loans over £100,000, with applications growing by 56% as optimism and demand for finance rise in 2024.

iwoca secures £270m from Citi and Barclays, taking total investment in the business past £1bn

iwoca secures £150m from Citibank and Insight Investment for its German expansion, as well as an additional £120m from Barclays and Värde Partners for the UK, taking total gross investment in the business past £1bn.