Finance built for small businesses

A simpler, speedier way to borrow

Borrow up to

£200,000

Apply in

5 minutes

Total customers

50,000

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.

6 monthly repayments of £1,866

Total repayment of £11,197 (3.33% interest rate per 30 days)

Borrow up to £200,000

For up to 12 months

Need help? call us

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 longer or need a bigger loan? Try our Business Loan.

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 – we don’t believe in hold music.

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’s.

We only run soft credit checks – ones that won’t affect your credit score. But if you decide to take a loan with us, it’ll show up on your business 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.

It takes five minutes to apply. If you're applying for less than £15,000, we can give you a decision in seconds. Larger loans take up to 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.

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.

Lady on phone

Loved by small businesses (and big names)

Read about us


Questions? Speak to a real person

Small business loans are all we do, so you'll get straight through to someone who can help, like Lisa – we're not fans of hold music. Call us from Monday to Friday (9am - 6pm). We accept applications over the phone.