Move fast with an online business loan

Expand your business or consolidate cash flow by applying for an online business loan today. Borrow £1,000 - £500,000, then repay flexibly with interest just for the days you borrow the money.

  • Borrow from 1 day to 2 years
  • Apply in minutes
  • No paperwork needed
  • Top up your balance if needed (subject to reapproval)
Apply nowSee how much you could get

Applying won't affect your credit score

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Loved by over 90,000+ small businesses since 2012

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How to apply for a business loan online?

  1. Apply in minutes

    Submitting an online business loan application takes just five minutes. All we need is some basic information about you and your company.

  2. Your funds on your terms

    We'll approve you based on your business performance. Choose how much you need, and then we’ll pay the money into your account (our record is 2 minutes and 37 seconds).

  3.  Repay your way

    We only charge you interest when you have the money in your account - so if you decide to repay the loan early then you won’t be charged extra.

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What are the advantages of short-term online business loans?

Whether you need quick access to cash or you’re looking to invest in business growth, an online business loan can help you fulfil your goals. Some of the benefits include:

  • Usually available within 24 hours (subject to approval)
  • Retain complete control of your business
  • Can be paid back on your terms and with a flexible schedule
  • Keep your company assets safe
  • A quick, easy and affordable way to inject cash into your business

How our online business loans work

We’ll aim to support you no matter how small or new your business is. You must be a UK-based business operating as a sole trader, partnership, or limited company to be considered for an online business loan. As your business grows, you can also apply to top up your loan and may be eligible for a larger credit limit.

Online business loan calculator

Our online business loan calculator shows how much you’ll likely repay based on your anticipated borrowing. If you decide to repay the funds early, then we won’t charge an early repayment fee and you’ll only pay interest for the days that you have money in your account. Check out our small business loans page, scroll down a little bit and see how much you could borrow with us using our calculator.

Fund your future with an online business loan

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With iwoca's business loan:

  • Borrow from £1,000 to £500,000 over 24 months
  • Get a decision in 1 working day
  • Repay early with no fees
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Frequently asked questions

Here are some questions you could ask yourself before applying for an online business loan. If there is anything we have not covered here, check out our FAQs.

How long do online business loan repayments last?

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With our online business loan, you can borrow up to £500,000 over a 1 day to 24-month period. You can repay earlier at no extra cost and with no long-term commitments. 

What are unsecured business loans?

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An unsecured business loan does not require you to use an asset as collateral when obtaining the loan. This is a popular option for smaller and newer businesses that do not have assets to claim. 

What are the typical interest rates of an online business loan?

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The interest rate will depend on the type of loan you have taken and the duration of the loan. At iwoca, we only charge interest for days when the money is in your account - so the earlier you repay, the less interest you'll pay.

How do I qualify for an online business loan?

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Many factors determine whether you will qualify for a business loan or not. These include, but are not limited to, your business credit score, repayment history, and trading activity. 

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.

Learn more
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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.

£3 billion+

approved small business loans


businesses approved

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Let’s get started

Applying won’t affect your credit score

Need help? Call us:

Get approved in 24 hours

Applying won’t affect your credit score

What's next?

  • Apply in 5 minutes
  • Meet your account manager
  • Get money in the bank in hours

Need help? Call us:

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