A look at 2022 so far, from customer trends to lending demand

With the year now in full swing, we thought it was a good time to look back at 2022 so far, and identify the trends we’re seeing among borrowers. 

Firstly we’ve seen growing demand for finance – with some borrowers partly protecting themselves from supply chain issues, but many others keen to invest in and grow their businesses again after the pandemic. The number of applications increased over Q1, and customers are requesting larger loans now than they were earlier in the year, indicating this need for finance could continue into Q2.

We’ve also made some changes to our application process that have made the experience smoother. Thanks to improvements to our instant decision technology, the time between Completed Application and Offer was reduced by around 30% compared to Q4. With 66% of businesses saying faster access to finance was important in our recent Economic Impact Report, it shows that we’re as focused as ever on making it quicker and easier for businesses to get funding. 

It’s been a really strong start to the year overall, so thank you to our Introducers for all the hard work so far. We look forward to seeing what the next few months bring for your clients. 

If you have any questions about these findings, feel free to contact our team on 0203 667 2208 or broker@fundingcircle.com.