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
We've been supporting over 50,000 small businesses with access to finance since 2012.
Flexi-Loan can be a great boost to your business if:
you’re looking for funds to grow your business;
you’re looking to manage cash flow in the short term;
you have a Bounce Back Loan and want additional funds;
you weren’t eligible for a government backed CBILS loan;
or you weren’t eligible for a government backed Bounce Back Loan;
Here is a bit more information we think might help. If you want to know more about iwoca, check our FAQs
Over the past seven years iwoca has grown from a small start-up to one of the fastest-growing business lenders in Europe. Now we're a team of more than 300 working towards the goal of funding one million small businesses.
Even though we offer 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.
Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your loan early we won't charge you any fees. We don’t believe in hidden fees either, so you’ll never find any sneaky small print surprises.
Let us know as soon as possible if you think you might have payment difficulties, we’ll work together to find a solution. Read more
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.
Using our Flexi-Loan calculator is easy – use the first slider to choose an amount between £1,000 and £200,000, and then choose how many months you’d like to borrow it for. You’ll be able to see how much you’ll repay each month, and can apply if you decide it’s the right choice for your business.
Total repayment of £11,197(3.33% interest rate per 30 days)
Borrow up to £200,000
For up to 12 months
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.
Looking to borrow for more than 12 months or need a larger amount? Explore our longer term finance options for your business. Looking for the Coronavirus Business Interruption Loan Scheme (CBILS)? Learn more
Straightforward applications and quick decisions. It’s great boost for businesses who weren’t affected by coronavirus or are back on track.