Funding to scale your business

The loan where repayments are a percentage of your monthly sales.

  • Benefit between £1,000 - £50,000
  • 0% interest, just a single up-front fee
  • Repay at a pace that suits you
  • Dedicated Account Manager
Revenue based loan graph

£3 billion+

approved small business loans

Excellent

Trustpilot • 4,847 reviews

50,000+

businesses approved

Who is eligible

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3 months+ trading

Your business needs to have been trading for at least the last 3 months.


eligibilty logos

£1k+ monthly card sales

You need to be generating at least £1,000 of monthly sales combined through card and online purchases.

Benefits


Offer better terms

Give your customers a better way to pay. Include a unique PayLink in an email or an invoice to offer your customers the option to spread the cost over 90 days.

Work where you
work best

Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams.

Invest in
iwoca

We want people to be invested in iwoca's success so after six months you'll be awarded share options.

Offer better terms

Give your customers a better way to pay. Include a unique PayLink in an email or an invoice to offer your customers the option to spread the cost over 90 days.

Our small business loans guide

Here are some questions you could ask yourself about how small business loans work. If there’s anything we haven’t covered here, check our FAQ

A small business loan is a form of finance to be used for business activities. As with most loans, it requires creating debt, which is then repaid with interest. 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.

A business loan works as an assessment by a lender of a borrower’s creditworthiness which, if successful, is followed by releasing funding into your business bank account. You will then be expected to repay the loan – often in monthly installments – plus interest.

The exact percentage of interest the lender charges on the money received by the borrower is the ‘interest rate’ of the loan and is often expressed as an annual percentage rate (APR). This rate will vary based on your business’ circumstances and between different lenders, based on their risk appetite and the perceived level of risk involved in lending to your business.

Whether you should or shouldn't take out business loans is a matter of your personal attitude towards debt. To explore the topic further, we asked Alexander X. Douglas – lecturer in philosophy at the University of St. Andrews – to outline the history and philosophy of debt, including arguments on both sides of the fence. On a more practical level, it’s useful if business owners have a robust idea of the health of their business before looking into finance options. To this end, we’ve put together a health check tool you can use if you’d like to look into your business’ health further.

It takes 5 minutes to apply and in almost all cases you'll get a decision in 24 hours.

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