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
Commercial Growth Director of iwoca
"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."
SME Expert Index
Q3 2023 headline statistics
83%
61%
58%
41%
> See full data trends
Raising funding from high street banks has always been a challenge, and it feels even more difficult today. With more and more businesses seeing slower financial performance as well as worsening credit profiles, access to funding becomes sparse.
Since CBILS wound down, brokers have been experiencing challenges with banks around refinancing asset-based facilities, which could be driving a negative view of high-street lenders. High street banks can be an option for straightforward working capital needs, but SMEs are currently better served by the alternative lending market.

Nick Mayhew
Director of Peak Business Finance
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