Flexible business credit line of up to £200,000

Connect your Xero account to save time on your application and speed up your approval

Choose the right option for your business

We’ll give you a decision within 24 hours with funds available immediately through your online account. Don’t worry if you’re not sure which option is right for you – you can always change your mind later.

Flexible Credit Line

Borrow £1,000 - £200,000 for 1 day - 12 months

Manage day-to-day cash flow

Borrow £1,000 - £200,000 for 1 day - 12 months

Draw down as required to buy stock, pay bills and make short-term investments (learn more)

Only pay for the days you need

Keep the funds for up to 12 months or repay as soon as you like with no fees or penalties

49% representative APR

We expect over half of businesses that get approved for a Credit Line to get a rate of 49% APR or lower. That's just £1.11 per day for each £1,000 borrowed.

Representative example:

Borrow: £10,000 for 12 months

Interest rate: 40% p.a. (fixed)

Total amount repayable: £12,165

Taking funds for a short period? A credit line may be cheaper since there are no fees, just a simple interest rate (see credit line pricing)

Small Business Loan

Borrow £5,000 - £150,000 for up to 5 years

Invest in your business growth

Borrow £5,000 - £150,000 for up to 5 years

Spread the cost of a long-term investment or a large, one-off purchase (e.g. a piece of machinery)

Spread the cost over 3 - 5 years

Pay back in equal monthly instalments which are taken automatically from your debit card

14.9% representative APR

We expect over half of businesses that get approved for a Small Business Loan to get a rate of 14.9% APR or lower.

Representative example:

Borrow: £50,000 for 3 years

Interest rate: 10% p.a. (fixed)

Fees: £3,000 upfront fee (6%)

Total repayable: £61,382

Our cheapest way of borrowing if you need funds for more than a year. There’s a 6% upfront fee but ongoing rates are low (see business loan pricing)

Save time by connecting iwoca & Xero

Connecting Xero makes our application process simpler and credit approval faster

Why connect Xero to iwoca?

Linking a Xero account allows you to verify your trading history and get you approved with no paperwork.

By connecting your Xero account, you are securely sharing access to your full accounting data. We analyse your Xero account in seconds allowing us to make a faster decision.
You can also choose to have details of your loan and repayments added to Xero to save time on bookkeeping.

Never used Xero? Here's a quick introduction

How does iwoca connect to Xero?

Linking a Xero account is fast, simple and secure.

Sign up with iwoca as normal. After taking for your basic details, we'll ask you to link your Xero account.
You'll be redirected to Xero where you can log in to your account (we never see your password) and confirm that you wish to share your data with iwoca.
That's it. Now that we have your trading data from Xero, we can typically make a decision within a couple of hours.

How iwoca is helping Brew Lab bring great coffee to Scotland

Simple yet flexible

Sign up in minutes

It’s completely free to sign up and there are no commitments. We just need some basic details in order to verify your business.

Get approved

Credit limits are based on your business performance - we can typically lend up to one month’s revenue, or up to £10,000 for a startup business.

Take the funds

Draw down as much as you need, when you're ready. Most businesses use iwoca to manage cash flow gaps, buy stock or make investments.

Repay or top up

Keep the funds for 12 months or repay early to save interest. You can also top up, up to your credit limit (subject to approval).

Learn more in our FAQs

Trusted by thousands of small businesses

With over £500 million borrowed, customers have given us a 9.6/10 rating across 2,940 TrustPilot reviews.

"Very useful, fast and responsive. We were able to apply and draw down our funds within two days."

Brew Lab Coffee's Story

"The application process was so easy, and the response I got was incredibly quick."

B&K Beauty Boutique's Story

"A loan from iwoca took one day! Really good service, polite, friendly, and efficient."

The Change Group

Questions? Speak to a real person.

Our team of dedicated account managers are ready to help. Give them a call on 020 3778 0105.

Get approved for up to £200,000 today. No fees, no commitments.

Log in

Reset your password

We've sent you an email with a link to reset your password.
Contact us if you don't receive this within the next few minutes.

Get in touch

020 3778 0105

support@iwoca.co.uk

iwoca Ltd
247 Tottenham Court Road
London
W1T 7QX

Thank you, we'll be in touch soon.

Why Xero?

Xero is easy to use online accounting software that’s designed specifically for small businesses.

It's all online, so you can work when and where you want to. Just login with your PC, Mac or mobile.
Your bank statements are automatically imported and categorized, letting you see your cashflow in realtime.
Invite your team and work together on financials. You can collaborate over your uptodate numbers.
Xero has all you need to run your business – including invoicing, paying bills, sales tax returns, reporting and much more.

Choose the right option for your business

Flexible Credit Line

Borrow £1,000 - £200,000 for 1 day - 12 months

Manage day-to-day cash flow

Borrow £1,000 - £200,000 for 1 day - 12 months

Draw down as required to buy stock, pay bills and make short-term investments (learn more)

Only pay for the days you need

Keep the funds for up to 12 months or repay as soon as you like with no fees or penalties

49% representative APR

We expect over half of businesses that get approved for a Credit Line to get a rate of 49% APR or lower. That's just £1.11 per day for each £1,000 borrowed.

Representative example:

Borrow: £10,000 for 12 months

Interest rate: 40% p.a. (fixed)

Total amount repayable: £12,165

Taking funds for a short period? A credit line may be cheaper since there are no fees, just a simple interest rate (see credit line pricing)

Small Business Loan

Borrow £5,000 - £150,000 for up to 5 years

Invest in your business growth

Borrow £5,000 - £150,000 for up to 5 years

Spread the cost of a long-term investment or a large, one-off purchase (e.g. a piece of machinery)

Spread the cost over 3 - 5 years

Pay back in equal monthly instalments which are taken automatically from your debit card

14.9% representative APR

We expect over half of businesses that get approved for a Small Business Loan to get a rate of 14.9% APR or lower.

Representative example:

Borrow: £50,000 for 3 years

Interest rate: 10% p.a. (fixed)

Fees: £3,000 upfront fee (6%)

Total repayable: £61,382

Our cheapest way of borrowing if you need funds for more than a year. There’s a 6% upfront fee but ongoing rates are low (see business loan pricing)

Flexible business credit line of up to £200,000

Connect your Xero account to save time on your application and speed up your approval

Choose the right option for your business

Flexible Credit Line

Borrow £1,000 - £200,000 for 1 day - 12 months

Manage day-to-day cash flow

Borrow £1,000 - £200,000 for 1 day - 12 months

Only pay for the days you need

Representative example:

Small Business Loan

Borrow £5,000 - £150,000 for up to 5 years

Invest in your business growth

Borrow £5,000 - £150,000 for up to 5 years

Spread the cost over 3 - 5 years

14.9% representative APR We expect over half of businesses that get approved for a Small Business Loan to get a rate of 14.9% APR or lower. Representative example: Borrow: £50,000 for 3 years Interest rate: 10% p.a. (fixed) Fees: £3,000 upfront fee (6%) Total repayable: £61,382

Representative example:

Save time by connecting iwoca & Xero

Connecting Xero makes our application process simpler and credit approval faster

Why connect Xero to iwoca?

How does iwoca connect to Xero?

How iwoca is helping Brew Lab bring great coffee to Scotland

Simple yet flexible

Sign up in minutes

Get approved

Take the funds

Repay or top up

Trusted by thousands of small businesses

With over £500 million borrowed, customers have given us a 9.6/10 rating across 2,940 TrustPilot reviews.

Brew Lab Coffee's Story

B&K Beauty Boutique's Story

The Change Group

Questions? Speak to a real person.

Our team of dedicated account managers are ready to help. Give them a call on 020 3778 0105.

Get approved for up to £200,000 today. No fees, no commitments.

Enter your email and we'll send you a link to reset your password.

Representative example:

Representative example:

14.9% representative APR

We expect over half of businesses that get approved for a Small Business Loan to get a rate of 14.9% APR or lower.

Representative example:

Borrow: £50,000 for 3 years

Interest rate: 10% p.a. (fixed)

Fees: £3,000 upfront fee (6%)

Total repayable: £61,382