loans
iwocapay
Resources
About

iwoca SME Expert Index Q1 2023 - full dataset

News

5

min read

iwoca SME Expert Index Q1 2023 - full dataset

red wedge
Newsblue chevron pointing to rightiwoca SME Expert Index Q1 2023 - full dataset
grey wedge
yellow dot
grey line with green square
blue square

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.

‍

*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.

‍

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

Get started

  • Borrow up to £1,000,000
  • Repay early with no fees
  • From 1 day to 24 months
  • Applying won't affect your credit score
Apply now
red line and yellow circle

Related Articles

View all
News

SME lender iwoca secures new £200m funding led by Citi - increasing investment in the business to almost £1.5bn

iwoca, one of Europe’s largest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.

Farah Sisalem
November 11, 2024
•
2
min read
News

Half of SMEs haven’t felt benefits of falling inflation, new research finds

Nearly half (49%) of small businesses say they have not benefited from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s largest SME lenders.

Farah Sisalem
October 17, 2024
•
2
min read
News

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.

Mark Di-Toro
September 19, 2024
•
2
min read

Other finance related topics

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

View all
Alternative business funding

How to use payroll loans for small businesses

Full name
September 16, 2024
•
This is some text inside of a div block.
min read
Business loans

Business Loans comparison: High Street Banks vs. Alternative Lenders

Full name
September 9, 2024
•
This is some text inside of a div block.
min read
Accountants

Working capital ratio

Full name
August 13, 2024
•
This is some text inside of a div block.
min read
light blue wedge
No items found.