Berg Money and iwoca to fuel small business growth with expansion of business loans

5

min read

Berg Money and iwoca to fuel small business growth with expansion of business loans

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Our Flexi-loan allows customers to borrow up to £500,000 from 1 day to 1 year without early repayment fees and provides a much-needed lifeline to UK start-ups and SMEs in the current economic climate.

A credit decision in minutes, not days

Most of the small business owners operating in the eCommerce segment find it difficult to get access to funding when they need to bridge cash flow gaps, buy new inventory and expand their business. Our partnership with Berg Money will provide just that – a fully digital, seamless, and quick application process where a credit decision takes minutes, not days; instantly unlocking business financing.

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Dennis Nemerov, Berg’s CEO, spoke about what the partnership means:

With the UK SMEs being a backbone of our economy, it’s not fair that they are being deprived of the funding which is vital to their growth. With the eCommerce sector and cross-border trade recovering post pandemic, we are proud to support British businesses creating a customer-friendly alternative to high street banks and legacy players. Thanks to our partnership with iwoca we are able to offer frictionless onboarding and near-instant decision times, aiming to help companies attract working capital and weather the upcoming economic slowdown. We’ve launched Berg Money with a goal to improve the financial standing of UK businesses and I believe iwoca’s Flexi-Loan product perfectly serves this purpose.

Managing day-to-day cash flow remains the key driver for small businesses applying for business financing (iwoca SME Expert Index Q3 2022). Low fees, transparency, fair rates and clear repayment schedule are the most sought-after factors when getting a business loan. Small business owners can apply for our Flexi Loan via Berg Money in less than 5 minutes, and the money can be deposited into their business account within hours.

Contact our partnerships team below if you want to offer our fast and flexible finance to your customers.

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Charlotte was a UK PR Manager at iwoca. She's been sharing news and insights about the finance industry for over four years.

Article updated on:
November 17, 2022

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