Apply for a Flexi-Loan today
Straightforward applications and quick decisions - it’s great for businesses who weren’t affected by coronavirus or are starting to get back on track.
- Borrow from £1,000 to £200,000 over 12 months
- Repay early with no fees
- Decisions in 1 working day
- Have help on hand with a dedicated account manager
Running a business, you need funds in hand to be ready for anything. From everyday orders to making your next big bet.
Running a business, you need funds in hand to be ready for anything. From everyday orders to making your next big bet.
Cash or card? Use both
Funds go straight to your bank account to use way you need. Like making bank transfers and paying VAT bills with no fee - you can’t do that with a credit card.
No fees, ever
iwoca funds are free until you draw down, and then we just charge interest by the day. There's no annual fees, set up fees or early repayment fees.
Lightning fast service
You won't need to wait for a card to arrive in the mail. Get approved in hours then start using your funds instantly.
“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.”
“The process has been easy, uncomplicated and very quick. Their service is excellent with regular contact and support.”
Tim Law - Simply Plants
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 then 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 business loan – no hidden fees, no long-term commitments. Our business loan rates start at 2% a month for a Flexi-Loan, depending on your business.
Total repayment of £111,973(3.33% interest rate per 30 days)
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.
Frequently asked questions
Here are some questions our customers ask. Check our FAQ for anything we haven't covered.
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.
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.)
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.
It takes 5 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.
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.
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.
Apply now