The majority of small and medium enterprises (SMEs) in the United Kingdom are now seeking larger loans of £100,000 or more than the loans under £25,000 sought by them in the third quarter of last year. It has been revealed by this quarter’s SME Expert Index released by small business lender Iwoca. This shift reflects the increasing confidence SMEs now have in the economy and their plans to fund growth after the disruption of Covid-19. This is an encouraging sign that the mainstay of the UK economy is on its feet once again, according to Colin Goldstein, Iwoca’s commercial growth director.
