Check if you qualify for a business loan in minutes

Borrow from £1,000 to £500,000 over one or two years – or repay early whenever you like.

Apply now

Applying won't affect your credit score

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£3 billion+

approved small business loans

70,000+

businesses approved

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Because we’re designed specifically for small businesses, our flexible business loans work like you do: they’re fast and hassle-free.

How it works

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  1. Apply in minutes

    It takes five minutes from start to finish. We've designed our flexible business loans with small businesses in mind, so we'll just need the basics about your business to make a decision.

  2. 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.

  3. 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.

Apply now

Applying won't affect your credit score

We keep our prices simple

We’ll only charge interest on your outstanding balance for the days you’re using your business loan – no hidden fees, no long-term commitments. Our business loan rates start at 2% a month for a Flexi-Loan, depending on your business.

6 monthly repayments of £1,120

Total repayment of £31,685(3.33% interest rate per 30 days)

Borrow up to £500,000
For up to 24 months
Borrow £0000

This loan calculator is only an example, your actual rate for your business loan 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.

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Frequently asked questions

Here are some questions our customers ask. Check our FAQ for anything we haven't covered.

Will applying for a business loan affect my credit score?
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We only run soft credit checks which means applying won’t affect your credit score. But if you decide to draw down funds from us, the business loan will show up on your credit report.


Can I repay my business loan early?
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Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your business loan early we won't charge you any fees. (And don't worry - you’ll never find any sneaky small print surprises with us.)


How are you different from a bank?
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Even though we offer business 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.


How long does it take to get a business loan with iwoca?
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It takes 5 minutes to apply and in almost all cases you'll get a decision in 24 hours.


What do your customers use their business loans for?
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Generally, they put the money to short term investments, like extra stock. Or they use it to help with cash flow, like if they're waiting on an invoice.


What if I need more?
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With a Flexi-Loan, once you've paid back a third of your original credit limit, applying for a top up is easy. We'll just need updated information about your business.


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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.

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: