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Business loans.

Borrow £1,000 - £500,000 to buy new stock, invest in growth plans or just keep your cash flow smooth.

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Business loans.

Borrow £1,000 - £500,000 to buy new stock, invest in growth plans or just keep your cash flow smooth.

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24 hours

to get a decision

No fees

for repaying early

Apply now

Applying won’t affect your credit score

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24 hours to get a decision

green tick check

No fees for repaying early

green tick check

Top-ups available

How does an iwoca business loan work?

Loan application formLoan application form

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 in 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.

Loan calculatorLoan calculator
Loan dashboard showing early repayment optionLoan dashboard showing early repayment option

Borrow from 1 day to 2 years

Your repayment schedule will depend on your circumstance, but if you’re ready to repay your business loan earlier, we never charge a fee for that.

We keep our prices simple

We’ll only charge interest on your outstanding balance for the days you’re using your business loan – no early repayment fees, no long-term commitments. Our business loan rates start at 2% a month for a Flexi-Loan, depending on your business.

6 monthly repayments of £1,120

Total repayment of £31,685(3.33% interest rate per 30 days)

Borrow up to £500,000
For up to 24 months

This loan calculator is only an example, your actual rate for your business loan 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.

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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:

  1. you’re based in the UK

  2. you’re a limited company or a partnership

All you need to have to hand:

  1. basic details about the business

  2. bank statements from the last year (or you can link your account via Open Banking)

Ready to apply?

Apply now

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:

Cecilia from 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.

Read more

Nails and Cocktails


Paul from aldershot soft play center

iwoca helped to stave off a shortfall when our first rent payment was due, I didn’t have enough to pay for everything because the centre was so new. Applying for funding through iwoca was very straightforward.

Read more

Aldershot Soft Play Centre


Mike from hub velo

We had an opportunity to stock a unique bike brand that nobody else in the country was selling... Getting funding from iwoca was a big step for us but it made a massive difference.

Read more

Hub Vélo


Rebecca Lockwood, trainer for female entrepreneurs

We use iwoca finance for our advertising and it always generates an amazing return on investment. iwoca is my go-to when I require quick funding to help me run successful marketing campaigns.

Read more

Rebecca Lockwood (trainer for female entrepreneurs)


Purchasing equipment icon
Purchasing equipment
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Pay a due bill
Purchasing stock icon
Purchasing stock

These are only some examples of what you can do with the funds

Apply now
Stephen gee from Gee ski ltd

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 from champs Barbers

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 from carl gouglas racing shells

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 from SEB brewing

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 from crate bars

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 from Thermapply

Jonathan Hamp


What I like about iwoca is the quick turnaround. It gives you a sense of security.

Our business loans: loved by over 90,000 small businesses (and big names) since 2012

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Tom Hyde from brew lab

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 from simply plants

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 from Nails and Cocktails

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 from Healthcare learning

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 from Olivia and Pearl

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 from Behind this wall

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 ask. Check our FAQ for anything we haven't covered.

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.

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 do your customers use their business loans for?

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.

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.

The iwoca story

Over the past eleven 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 400 in London, Leeds and Frankfurt working towards the goal of funding one million small businesses.

Learn more
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Custumer service team


We’re here to help

Call us from Monday to Friday (9am - 6pm). We can take your business loan application over the phone, or answer your questions about applying online.