Instant decisions, smarter funding

We built the Lightning Loan with small businesses in mind - smarter funding in an instant.

Our 5 minute application won't affect your credit score

Running a business, you need funds in hand to be ready for anything. From everyday orders to making your next big bet.

Running a business, you need funds ready for anything from daily orders to making your next big bet.

Instant decisions

We can say 'yes' without needing any paperwork - in other words, it takes minutes to find out how much you could borrow.

About your business

We work with businesses not credit scores. That's why we look at your business as a whole when you apply.

No fees, ever

Lightning loans make early repayments easy. No fees for withdrawing your funds or repaying early.

When you're a small business you need to move fast. Dealing with banks is a long process. Dealing with iwoca was definitely a lot more efficient.

When you're a small business you need to move fast. Dealing with banks is a long process. Dealing with iwoca was definitely a lot more efficient.

Ian - Champs Barbers

How it works


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 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.

We keep our prices simple

Simple Pricing

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.

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Total repayment of £3,359 (3.33% interest rate per 30 days)

Borrow up to £15,000

For up to 12 months

Need help? call us

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 longer or need a bigger loan? Try our Business Loan.

Want to know more?

Here are some questions our customers ask. If there’s anything we haven’t covered here, check our FAQ

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 loan will show up on your credit report.

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.

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.

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.

It takes five minutes to apply. If you're applying for less than £15,000, we can give you a decision in seconds. Larger loans take up to 24 hours.

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.

Loved by small businesses (and big names)

Read about us

Lady on phone

Questions? Speak to a real person

Small business finance is all we do, so you'll get straight through to someone who can help, like Lisa – we're not fans of hold music. Call us from Monday to Friday (8am - 7pm) and Saturday (9am - 3pm). We accept applications over the phone.

iwoca Ltd, 247 Tottenham Court Road, London, W1T 7QX

iwoca Limited is authorised and regulated by the Financial Conduct Authority (reference number: 723378) in relation to regulated credit agreements and are a registered account information service provider (reference number: 791804). We're also registered with the Information Commissioners Office in relation to the processing of personal information (registration number: Z3007540). iwoca Limited is incorporated in England and Wales (company number: 07798925). Our registered office is 10 Queen Street Place, London, EC4R 1AG.