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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.
Our new research reveals that only 30% of SME owners experiencing poor mental health have sought professional help. We're today launching free mental health support – which will be available for all small business owners – in partnership with online therapy platform Spill.
We've been accredited by the British Business Bank as a lender under the Recovery Loan Scheme. This means we can provide even more support to SMEs across the UK with accessing much-needed finance.
Our new data reveals how embedded finance will play a vital role for small businesses as they look to recover from the pandemic.
We've launched a new support initiative for women business owners in Yorkshire as local data suggests female workers in the region have been more affected by the pandemic than many other parts of the UK.
