Commercial finance to support your business growth
Interested in commercial finance with iwoca? Borrow £1,000 to £500,000 today and accelerate your business growth.
- No early repayment fees
- No paperwork
- Money in your account as quickly as 2 minutes 37 seconds
- Top ups available
Loved by over 90,000+ small businesses since 2012
How does business finance work at iwoca
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.
Commercial finance explained
What is commercial finance? If you’re asking yourself this question, you’ve come to the right place.
In short, commercial finance is the broad term given for all business lending products. It doesn’t matter whether your business is big or small, global or regional – the term still applies.
How do commercial loans work?
Typically, businesses will look to get commercial finance when they want to unlock a new phase of growth. This could mean buying new equipment, purchasing a large amount of stock to get ready for a busy season or hiring new staff to meet increased demand.
Because of their nature, commercial loans are usually tied to a business which means a lender may assess trading history to determine how much they’re willing to lend. This can be restricting for newer businesses, like start ups, that may struggle to get the funding they need.
We’ve designed our commercial loans to be as flexible as possible, which means you might be able to get business funding regardless of how long you’ve been trading. We don’t just ask how long your doors have been open – we assess your entire business performance to make sure we fully understand your position.
Borrow up to £500,000 and keep the money for between one day and 24 months. We’ll only ever charge you interest for the time you keep the money – never extra for repaying early. And, with the possibility to review your commercial finance limit or apply for top-ups, it’s a business finance solution that grows as you do.
With iwoca business finance you can:
- Borrow from £1,000 to £500,000 over 24 months
- Get a decision in 1 working day
- Repay early with no fees
Advantages of commercial finance
As you might expect, there are a lot of advantages to taking out commercial finance. For starters, a commercial loan could help you seize new opportunities that might not have been possible without a little extra capital. Equipment financing, upgrading your premises or hiring fresh faces – these things all require cash upfront and commercial finance could put that in your pocket.
Commercial loan financing can also be great for seasonal businesses that need to ride out quiet months. Cash flow can be tight during these times, but an injection of capital at the right moment could take the pressure off and allow you to keep investing and preparing for when things ramp up again.
Disadvantages of commercial finance
There are some disadvantages that you should be aware of too. It’s important to recognise when taking on extra debt could be detrimental to your business and weigh up all the options before making a decision.
Then there’s the question of interest rates and fees – different lenders will charge more or less depending on the size of your commercial loan, so always check your specific terms before signing on the dotted line.
Types of commercial finance
Thinking of taking out commercial finance for your business? Explore our guides for the different types of finance available or apply for one of our commercial finance products today.
Commercial finance FAQs
Yes. Our commercial finance products are directly aimed at small businesses – borrow up to £500,000 to help take your venture to the next level.
Because every business is unique, it’s hard to say whether you’ll be eligible for commercial finance. We assess every application individually – for more information, see our eligibility criteria.
A commercial loan could help you invest in new opportunities, bridge cash flow gaps or start something new – all by getting you the cash you need, when you need it.
If you’re ready to apply for a commercial loan, you’ll need to choose a lender. If you’d like to apply for one of our products, you’ll need to provide some basic business information. Apply today and see how much you could borrow.
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.
Questions? We're here to help
Call us at 020 3397 3375 from Monday to Friday (9am - 6pm). We can take your business loan application over the phone, or answer your questions about applying online.
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