Over eight in ten SME finance experts (83%) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index.
The analysis shows that the drop in lending is set to worsen, with three quarters of brokers (75%) predicting that high street banks will continue to reduce their access to working capital over the next twelve months.
