iwoca, one of Europe’s largest lenders to small businesses, has revealed in its quarterly SME Expert Index of UK brokers that small and medium enterprises (SMEs) have sought significantly more unsecured finance during the four weeks in May as compared to the previous four weeks. This increase in demand for unsecured finance seems to suggest that the SMEs are now keen to use credit as a major tool to support their growth and recovery so that they can easily get back on track after the Covid-19 crisis.
