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Business finance for the moments that matter
Be ready for every moment. Fund your next big opportunity, manage the unexpected, and grow your business with finance from £1,000 - £1 million that puts you in control.
Borrow up to 20% of turnover
No fees for repaying early
Top-ups available
Award winning business finance
Fintech Company of the Year
2026
Best Small Business Loan Provider
2025
Best Small Business Financing Platform UK
2025
Best Small Business Lender
2024
Lender of the Year
2023
UK Financial Service App of the Year
2023
How does the iwoca application process work?
Apply online in 5 minutes
We've designed our Flexi-Loan with small businesses in mind, so we'll just need the basics about your business to make a decision.
Get approved within 24 hours
If you’re approved, you can transfer as much as you need to your bank account. The money should hit your account within hours.
Repay early for free
You can always overpay or repay earlier for free.
Apply online in 5 minutes
We've designed our business loans with small businesses in mind, so we'll just need the basics about your business to make a decision.
Get approved within 24 hours
If you’re approved for a business loan, you can transfer as much as you need over to your bank. The money should hit your account within hours.
Repay early for free
Your repayment schedule will depend on your circumstance and you can always overpay or repay earlier for free.
We keep our prices simple
Our business loan interest rates start at 1.5% per 30 days.
We’ll only charge interest on your outstanding balance for the days you’re using your business loan.
Borrowing for over 12 months may incur an additional fee, typically it's 5% when borrowing for 13 to 24 months and 6% for longer.
This loan calculator is only an example, your actual rate and repayment amount for your business loan will vary based on your circumstances. At least 51% of customers who take out a loan of £25,000 or less receive our Representative APR or a lower rate.
What you need to get started
We can accept applications from all businesses (no matter the age or industry), in fact all we ask is:
you’re based in the UK
you’re a limited company or limited liability partnership
All you need to have to hand:
basic details about the business
bank statements from the last year (or you can link your account via Open Banking)
The document requirements may change according to the loan size and type of company
We're here to help you grow
We take care of the loan; you get back to business. Like these happy customers:
These are low-volume, high-value products. They can sit in the showroom longer, and that ties up more capital. I can make a request and money's in the bank within 30 seconds. Then we're deploying that cash where we need to, straight away.
Muscle Squad
Chris
We have had some incredibly exciting developments and have now signed contracts with Sysco and Tesco.com. Thanks to the funding we received from iwoca, we completed all of our product testing ahead of launch.
JBN Beverages
Janet
I never ask the client to pay for equipment upfront. With iwoca I didn't feel like an exploited customer. It felt like I was treated as a friend. I can pick up the phone whenever.
The Building Co.
Ray
In the past, I spent thousands with accountants to put business plans, cash flow forecasts and everything else in place. But with iwoca, it's so simple.
ECF Accident Repair Group
Stephen
Stephen Murray
ECF Accident Repair Group
"The deal was quick and no stress. iwoca is the best kept secret there is."
Janet Theodore
JBN Beverages
"The funds were in the day after we applied. We would definitely use iwoca again for working capital."
Ray Iqbal
The Building Co.
"With iwoca I didn't feel like an exploited customer. It felt like I was treated as a friend. I can pick up the phone whenever."
Guy Walker
Dovetail & Slate
"Even as an award-winning, high-growth business, tier-one banks had no interest in supporting us. iwoca was different."
Victoria Simpson
VCare Group
"iwoca’s funding helps us build monitoring and reporting tools that give senior leaders a better overview, so they spend less time in the office and more time on the people in our care.”
Mark Natthan
CQD Cleaning Services
"Everyone else made me feel like I wasn't really doing anything. iwoca looked at what I was building and got it."
Join over 100,000 businesses already funded by iwoca
Chris Billingham
Muscle Squad
"I can make a request and it's in the bank within 30 seconds. Then we're deploying that cash where we need to, straight away."
Tim Law
Simply Plants
"The process has been easy, uncomplicated and very quick. Their service is excellent with regular contact and support. I highly recommend this company for any business that needs finance."
Cecilia Downer
Nail and Cocktails
"With iwoca's reasonable rates and amazing staff, we were able to quickly obtain a loan to purchase equipment before our grand opening. Sophie was very supportive and walked us through the process."
Mash Seriki
Healthcare Learning Ltd
"The speed at which iwoca can respond to us is critically important for us to put on a fantastic program. They understand that you can blend technology with that human interaction."
Olivia Smith
Olivia and Pearl
"iwoca was a breath of fresh air. We got an okay on our loan within a couple of days and they went above and beyond to help me get our project off the ground."
Alex Harris
Behind This Wall Ltd
"Borrowing for business can be intimidating but iwoca have always been on hand for me to provide flexible options. They take the stress out of cash-flow issues and allow you to focus on what you do best."
Frequently asked questions
Here are some questions our customers frequently ask. Check out our FAQs page or the business loans page for anything we haven't covered here.
Will applying for a business loan affect my credit score?
We only run soft credit checks which means applying won’t affect your credit score. But if you decide to draw down funds from us, the business loan will show up on your credit report.
Can I repay early?
Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your business loan early we won't charge you any fees. (And don't worry - you’ll never find any sneaky small print surprises with us.)
How are you different from a bank?
Even though we offer business loans, we’re not a bank. We’re an independent company custom-built for small businesses – and our goal is to provide straightforward access to finance where and when your business needs it.
Do I need a personal guarantee for an iwoca business loan?
Yes, our business loans require a personal guarantee from at least one company director. This means that if the business is unable to afford monthly repayments, the guarantor becomes personally responsible for repaying any outstanding balance.
How long does it take?
It takes 5 minutes to apply and in almost all cases you'll get a decision in 24 hours.
What if I need more?
With a Flexi-Loan, once you've paid back a third of your original credit limit, applying for a top up is easy. We'll just need updated information about your business.
Are business loans tax deductible?
The interest paid on business loans is typically tax deductible, as it is considered a business expense. However, the principal amount of the loan is not deductible. It's important to keep detailed records of all loan-related expenses for tax purposes.
Does an iwoca business loan affect personal credit?
Because our loans require a personal guarantee, late payments or defaults on the loan can negatively impact the guarantor’s personal credit score.
The iwoca story
Over the past fourteen years iwoca has grown from an ambitious fintech start-up to one of the fastest-growing and biggest business lenders in Europe. Now we're a team of around 500 in London, Leeds, Frankfurt and Berlin working towards the goal of funding one million small businesses.
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