Invest in stock, repay at your pace

With supply chains looking so unstable, it’s better to spend on stock sooner rather than later. Our Merchant Cash Advance is perfect for this - letting you invest in your inventory now, then repay when sales come in - more in busy months, less in slow months.


How it works


1

Apply in minutes

Link your bank account online with open banking; we’ll make a decision based on your last few months’ sales – up to two times your revenue capped at £50,000. There’s no need to send in bank statements to get a Revenue Based Loan.

2

Choose your terms

Once your Revenue Based Loan application is approved, choose the amount you need and the percentage of sales you wish to repay each month (up to 25%) – we'll send the money over in seconds.

3

Repay based on future sales

We use the information from each month's statements to calculate your monthly repayments. If sales slow down, you'll repay less each month. The more you sell, the quicker you repay.

We had an opportunity to stock a unique bike brand nobody else in the country was selling. We just needed a small pot of cash to get us to the next steps. Getting funding from iwoca was a big step for us but it made a massive difference.

We had an opportunity to stock a unique bike brand nobody else in the country was selling. We just needed a small pot of cash to get us to the next steps. Getting funding from iwoca was a big step for us but it made a massive difference.

Mike - Hub Vélo

All about our Revenue Based Loan

Here are some questions our customers ask.

Our Revenue Based Loan starts at £1,000 and go up to £50,000, and we’ll lend up to two times your monthly revenue. You can have different revenue streams at once, like e-commerce, card processors or platforms.

There’s no paperwork or long processes with a Revenue Based Loan. Just link your bank account with Open Banking – we’ll take a look at your revenue and get back to you within 24 hours.

There isn't one. Instead, you'll pay a fixed amount upfront – so from start to finish, you'll be clear on what your Revenue Based Loan costs (typically between 6-12%). Here's an example:

Amount: £50,000 Fixed fee: 12% Total Cost: £56,000

You'll repay monthly: lower repayments in slow months, higher repayments in busy months. We use the information from each month's statements to calculate the monthly repayment amount based on your chosen repayment percentage (up to 25%).

If you take card payments (or any kind of revenue online), Revenue Based Loan could work for you – and it’s particularly useful if you’re in eCommerce, retail or hospitality.

We accept any type of company, including sole traders. You need to have been trading for at least three months, make at least £1000 a month in revenue and have access to online banking with Barclays, HSBC, Lloyds, Natwest, or Santander.

We cover most revenue streams. Here are some well-known eCommerce names- like Amazon, eBay, Shopify or Etsy. Or perhaps you make sales using card processors like Stripe, FDMS, Barclaycard, Elavon, Worldpay, Square, or PayPal, and if you sell on platforms like Deliveroo, UberEats or JustEat, we've got you covered.

Open banking has been designed with security at its heart – here’s how:

Bank-level security – open banking uses rigorously tested software and security systems. You’ll never be asked to give access to your bank login details or password to anyone other than your own bank or building society.

It’s regulated – only apps and websites regulated by the FCA or European equivalent can enrol in the open banking Directory.

You’re in charge – you choose when, and for how long, you give access to your data.

Extra protection – your bank or building society will pay your money back if fraudulent payments are made. You’re also protected by data protection laws and the Financial Ombudsman Service

Loved by small businesses (and big names)


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.