Earlier in the year, Kieron was at Quickbooks Connect when a worried client called him, needing finance that very day. This particular small business was waiting on a number of late payments, so didn’t have the funds available to pay staff. To make matters worse, it was the day before the payroll run.
Luckily, Kieron was already aware of iwoca, and had spent time chatting with some of the team earlier at the event. He knew iwoca was built for these situations, so recommended his client get in touch right away.
“I knew there was no chance of a bank being able to help in time. Amazingly, iwoca provided the funds in five hours. My client was delighted,” Kieron explained.
They were able to draw down £7,000 instantly after being approved, so Kieron’s client could pay staff on time.
Typically, Kieron takes care of the financing process for customers, but iwoca’s five minute applications keeps things simple and his client completed it themselves. With one pleased (and very relieved) customer, Kieron sees iwoca as the perfect safety net for any of his 100 small business clients in need of short-term finance, and also gives TMT the opportunity to widen its range of services.
“We’re a forward-thinking accountancy with aims of mastering the add-on marketplace, so being able to help our small business clients secure finance so quickly is another string to our bow".
To find out how you can offer finance to your small business clients, make sure to visit the iwoca team at QuickBooks Connect London, 25-26th February at Old Billingsgate, or learn more about our accountants referral programme here.