Business finance. Simplified.
Borrow £1,000 - £200,000 for cash flow, stock or investments. Fast and fair decisions.
5 minutes
to apply
£0 fees
for early repayments
50,000
customers and counting
How it works
Apply in minutes
It takes five minutes from start to finish. We're designed with small businesses in mind, so we'll just need the basics about your business to make a decision.
Use your funds
We'll approve you based on your business performance. You transfer as much as you need to your bank account, and the funds will typically be in your account in hours.
Repay or top up
We don't charge early repayment fees: we only charge interest for the days you have the money. If you need more funds, applying for a top up is easy. As your business grows your credit limit will too.
We keep our prices simple
Simple Pricing
We’ll only charge interest on your outstanding balance for the days you’re using your loan – no hidden fees, no long-term commitments. Our rates start at 2% a month, depending on your business.
Total repayment of £11,197(3.33% interest rate per 30 days)
This loan calculator is only an example, your actual rate will vary based on your circumstances. Here’s another example. If you borrowed £10,000 for 12 months at 49% representative APR, with an interest rate of 40% p.a. (variable), then, all in all, the total amount you’d repay would be £12,294.
Looking to borrow for more than 12 months or need a larger amount? Explore our longer term finance options for your business.
Why iwoca?
Clear prices
You'll only pay interest for the days you have your funds. No hidden fees or charges.
Real people
When you call, you'll get straight through to someone in our UK team.
No paperwork
Applying for a loan with us takes five minutes. Just connect your accounts and get a decision in minutes.
Fair decisions
We know your business is more than a credit score, so we look at your overall performance when we make our decisions.
Stephen Gee
Gee Ski Ltd
You think you’ve thought of everything, then something else crops up. That’s where iwoca came in, to help us bridge those gaps.
Ian Hoyos
Champs Barbers
When you’re a small business you need to move fast. Dealing with banks is a long process. Dealing with iwoca was definitely a lot more efficient.
Carl Douglas
Carl Douglas Racing Shells
iwoca’s funding allowed us to get on with the job, when otherwise we would have run into a brick wall. It’s a friendly relationship. The simplest possible process with the greatest help.
Tracy Sambrook
SEB Brewing
With iwoca, we could keep investing in kit, equipment and a new facility. So we could keep our standards high.
Tom Seaton
Crate Bars Ltd.
iwoca was definitely the simplest loan I’ve ever taken out in my life. Last year we launched our product in Tescos and needed more working capital. iwoca helped us do that.
Jonathan Hamp
Thermapply
What I like about iwoca is the quick turnaround. It gives you a sense of security.
50,000 customers (and counting)
We fund all types of business, from cafés to car dealers, from salons to solicitors, from Aberdeen to Yarmouth and everywhere in-between.
Tom Hyde
Brew Lab
We have a good relationship with our bank, but the bank moves really slowly. That’s why iwoca is so useful. They’re very fast and very responsive.
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
Nails 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.
Want to know more?
Here are some questions our customers ask. If there’s anything we haven’t covered here, check our FAQ
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 loan will show up on your credit report.
Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your loan early we won't charge you any fees. We don’t believe in hidden fees either, so you’ll never find any sneaky small print surprises.
Even though we offer 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.
Let us know as soon as possible if you think you might have payment difficulties, we’ll work together to find a solution.Read more
It takes five minutes to apply and in almost all cases you'll get a decision in 24 hours.
Generally, they put the money to short term investments, like extra stock. Or they use it to help with cash flow, like if they're waiting on an invoice.
Questions? Speak to a real person
Small business finance is all we do, so you'll get straight through to someone who can help. Call us from Monday to Friday (8am - 7pm) and Saturday (9am - 3pm). We accept applications over the phone.