The Ultimate Business Credit Card Alternative Woman on Laptop

Our small business credit facilities of up to £200,000 are the perfect replacement for a Business Credit Card.

Our small business credit facilities of up to £200,000 are the perfect replacement for a Business Credit Card.

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30 minutes

Average time to apply and get approved

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£1,000 200,000

Draw down any amount up to your credit limit

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/10

Our Trustpilot rating from independent reviews

Why choose iwoca over a Business Credit Card?

Our flexible credit facilities are the perfect alternative to a Business Credit Card.

iwoca Credit Facility

Borrow from £1,000 - £200,000Borrow from £1,000 - £200,000
Get approved within 24 hoursGet approved within 24 hours
Funds sent directly to your bank accountFunds sent directly to your bank account
No fees, just pay interest on what you borrowNo fees, just pay interest on what you borrow
Draw down as much as you needDraw down as much as you need

Business Credit Card

Maximum credit limit typically £10,000Maximum credit limit typically £10,000
Approval decision can take 1 - 2 weeksApproval decision can take 1 - 2 weeks
Funds only available through your credit cardFunds only available through your credit card
Annual fee regardless of whether card is usedAnnual fee regardless of whether card is used
Additional fees and daily limits for cash withdrawalsAdditional fees and daily limits for cash withdrawals

Here's how it works

Share a few simple details

Signing up only takes five minutes, and doesn’t mean you’re tied into anything. We only run soft checks, so applying won’t affect your credit score.

Get a decision quickly

Unlike your bank, we know your business is more than just a credit score which is why we look at your company as a whole. Your limit will range from £1,000 - £200,000 with up to £10,000 for new startups.

Use funds when you need

Draw down funds any time, so long as there are no big changes to your business circumstances. You only pay interest for the funds you use – no extra fees or charges.

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Share a few simple details
Get a decision quickly
Use funds when you need

Share a few simple details

Signing up only takes five minutes, and doesn’t mean you’re tied into anything. We only run soft checks, so applying won’t affect your credit score.

Share a few simple details
Share a few simple details

Get a decision quickly

Unlike your bank, we know your business is more than just a credit score which is why we look at your company as a whole. Your limit will range from £1,000 - £200,000 with up to £10,000 for new startups.

Get a decision quickly
Get a decision quickly

Use funds when you need

Draw down funds any time, so long as there are no big changes to your business circumstances. You only pay interest for the funds you use – no extra fees or charges.

Use funds when you need
Use funds when you need

Share a few simple details

Signing up only takes five minutes, and doesn’t mean you’re tied into anything. We only run soft checks, so applying won’t affect your credit score.

Share a few simple detailsShare a few simple details

Get a decision quickly

Unlike your bank, we know your business is more than just a credit score which is why we look at your company as a whole. Your limit will range from £1,000 - £200,000 with up to £10,000 for new startups.

Get a decision quicklyGet a decision quickly

Use funds when you need

Draw down funds any time, so long as there are no big changes to your business circumstances. You only pay interest for the funds you use – no extra fees or charges.

Use funds when you needUse funds when you need

How much does it cost?

Rates start from 2% per month with no other fees or charges. Our calculator shows the representative rate available to over 50% of businesses. We only charge interest from the day you borrow so you'll save money if you repay early.

£1,000£200,000
1 month12 months
MonthOriginal loanInterestRepayment of
1£2,379£333£2,712
2£2,458£254£2,712
3£2,540£172£2,712
4£2,624£87£2,712
Total Borrowed£10,000£846£10,846
Apply

Representative example: Borrow £10,000 for 12 months at 49% representative APR. Interest rate of 40% p.a. (variable). Total amount repayable is £12,165. Actual rate may vary based on circumstances.

Questions? Speak to a real person

Our team of dedicated account managers are ready to help. Give them a call on 020 3397 3375.