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

New research from iwoca reveals the overwhelming majority of UK SMEs are leveraging social media, as 97% say they use platforms to boost their business. The survey of SME owners, conducted by iwoca - one of Europe’s large SME lenders - shows Meta channels dominate the top four. Facebook leads as the top SME platform with 69% of SMEs on the network, while Instagram ranks second with 67%, and WhatsApp ranks fourth with 58% of firms using the channel.

Medium-sized firms grew jobs at twice the rate of large businesses in last decade

Over 300,000 SMEs may cut jobs to cope with hike in employer National Insurance

iwoca SME Expert Index: Small businesses invest in growth as demand for larger loans rises

Our Q4 SME Expert Index reveals that small business owners are feeling confident about taking on larger amounts of finance to support their growth ambitions in 2022.

Rising inflation is top concern for small businesses going into 2022

Our new data reveals small businesses’ top concerns going into the new year.

Rising bills mean one in four SMEs have had to increase prices for customers

Our new research reveals the effects of rising inflation and business costs – particularly energy bills – on small business owners.

Exclusive broker insight on the SME lending market

A deep dive into how trends developed and shifted throughout 2021

iwoca's Q3 SME Expert Index: SMEs focus on growth and turn to Recovery Loan Scheme

We're releasing our Q3 ‘SME Expert Index’: an exclusive index of UK brokers which provides specialist insight into how and why small businesses are accessing finance.