yellow dot
blue square

iwoca SME Expert Index

Our quarterly survey with influential UK SME brokers who collectively submit thousands of small business finance applications per month.

colin goldstein smiling

Colin Goldstein
Commercial Growth Director of iwoca
blue quote

"Our SME Expert Index provides a regular snapshot on what’s driving small business owners to borrow, according to finance industry experts. It shows trends in the types and value of finance being accessed, and how these patterns change as the country navigates economic shifts in the market."

blue quote

SME Expert Index
Q4 2023 headline statistics

> See full data trends

blue wedge
blue quote

The market as a whole has bounced back after the continuous doom and gloom expected in 2023 - this has now filtered down to SMEs who have gained renewed confidence. At TAFCO we have noticed a rise in loans above £75,000 with a desire to settle higher rate debt, consolidate smaller loans and reduce outstanding terms on the back of an increased order book. We expect this to continue given the rate decrease across the market, from both unsecured and secured Hire Purchase debt.

Our strategy has always been to utilise specialist lenders outside of the high street to ensure that our customers are supported across all of their requirements; the creditworthiness and requirements from high street lenders has become restrictive to many businesses.

blue quote

Dan Guest
Director & Asset Finance Specialist, TAFCO Ltd

Read our previous
SME Expert Index press releases

red circle iwoca

Check out our SME Expert Index data

Let's go
card reader credit card golden coins small trees and toys iwoca

With an iwoca business loan you can

  • Borrow from £1,000 to £500,000 over 24 months
  • Get a decision in 1 working day
  • Repay early with no fees
ApplyFind out more

Applying won't affect your credit score

As seen in

city am logo grey
money week logo grey
startups magazine logo grey
insider intelligence logo grey
yahoo finance logo grey
the times logo grey

Let’s get started

Applying won’t affect your credit score

Need help? Call us:

Get approved in 24 hours

Applying won’t affect your credit score

What's next?

  • Apply in 5 minutes
  • Meet your account manager
  • Get money in the bank in hours

Need help? Call us: