Business finance. Simplified.
We’re focusing 100% on CBILS, so we’ve put Flexi-Loan applications on pause.
How it works
Apply in minutes
Submit your customer applications through our broker portal, just a few minutes after registering. All we need is a few basic details about the business.
Get a decision
We’ll provide you with feedback on all applications, including a repayment schedule for the ones we’ve approved.
We fund your client
When they’re happy to go ahead, their account manager will talk them through the steps. Once they’ve got their funding, you’ll get your commission.
What’s the right choice for your client?
Our two products are designed for a range of different needs, from cash flow to investments. If your client isn't eligible for the product you choose, we'll automatically try to approve them for the other product.
Flexi-Loan
Borrow £1,000 - £200,000
Fast and flexible funding to buy stock, bridge cash flow or pay one-off bills.
Your client can keep the money for up to 12 months or choose to repay early with no fees or penalties.
If they’re borrowing for a short period, a Flexi-Loan could be cheapest (see our Flexi-Loan pricing calculator).
Business Loan
Borrow £5,000 - £250,000
Perfect if your customers want to hire more hands, fund new projects or buy new equipment.
Keep their monthly commitments as low as possible – they can still overpay or settle early if they’d like, though.
Our cheapest way of borrowing for longer term needs, with a 6% arrangement fee (see our Business Loan pricing calculator).
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 £6,718(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.
Why iwoca?
Flexible
We’re happy for your customers to overpay or settle early any time, giving them more control over their costs.
Fair
Our data-driven approach to underwriting means we can work with pretty much any industry or business.
Fast
We’ve built our own technology to make applications as speedy as possible - from instant decisions to same day funding.
Friendly
We’ve won awards because of our service for brokers and introducers. Our dedicated broker account managers aim to provide industry leading service. If you have a question, just give us a call.
Want to know more?
Here are some of the most common questions our brokers ask. Can’t find the answer you’re looking for? Just give us a call on 020 3434 3481
We’ve put together some handy guides for both our Flexi-Loan and Business Loan.
Nope, we’ll only run soft credit checks on applications. It won’t impact their score or ability to apply with another provider.
No, both of our loan products are unsecured, although we do need a personal guarantee from a director.
Yes, once they’ve repaid a third of the initial loan. We might also need up to date financials.
Yup, they can overpay or settle their loan at any time, with no penalty.
Once you’ve sent us everything we need, we’ll give you a decision within 48 hours. We can fund your customers on the same day.
Questions?
Questions? Chat to our brokers team
You can call us on 020 3434 3481 or contact us by email brokers@iwoca.co.uk
Apply now