iwoca SME Expert Index

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

SME Expert Index data

Colin Goldstein
Chief Commercial Officer

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
Q4 2025 headline statistics

58%

finance brokers say business costs are now the main concern for their SME clients.

33%

of brokers say the Government's minimum wage increase in April 2026 will have the biggest negative impact on SMEs.

46%

brokers say lower taxes are the top choice to help SME growth in 2026.

74%

of brokers expect demand for SME finance to rise over the next six months.

See full data trends

The survey asked lots of interesting questions on what is important to brokers. I hope to see some of the recommendations implemented into iwoca's already large and helpful loan offering soon.