Rating based on 15 reviews



  • Business Loans up to £100,000
  • Low-interest starting from 5.9%
  • Repayment up to 12 months

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Author iwoca. Screenshot of iwoca website. [Accessed May 15, 2020]

About iwoca

iwoca provides flexible financing options to small businesses in the UK and across Europe. iwoca stands for instant working capital.

We have made it possible for businesses to take advantage of opportunities previously only available to their larger peers.

Multi-purpose business loans

Whether you want to place larger stock orders or bridge cash flow gaps, we are able to assist you. By providing business financing, we back the businesses we believe in.

A leading Fintech lender

Since the launch of iwoca in 2012, we have grown into one of Europe's leading Fintech lenders. Our lending efficiency is based on the use of technology to eliminate the cost and complexity associated with traditional business finance. It is how we are able offer instant decisions and have no upfront fees, no drawn out application forms and no long-term financial commitments.

Geared with technology

Foremost, our technology allows us to use a revolutionary risk model that understands any small business based on its trading data.

Preferred UK business lender

iwoca is the fast, flexible lender for all UK businesses. The industries we support include but are not limited to retailers, restaurants, hotels, service providers and more. We are a multi-purpose lender offering quick online loans.

iwoca Services

Our business loan facilities give you access to £1,000 to £100,000 on demand.

Fair decisions

The award-winning technology that we use for our online loan applications allow us to make a decision based on your real business performance and not merely traditional lending requirements.

Quick and easy

It takes only a few minutes to apply and you should have the funds in your bank account within hours. If your business needs financing, we would like to make it happen as soon as possible.

The repayment terms of your loan is up to you and there is a top up loan feature during the life of your loan. Interest is charged per day that you have the funds and no more than that.

Outstanding service

Thousands of businesses have borrowed over £170 million from iwoca and each application was dealt with outstanding customer service.

Unsecured loans from iwoca

iwoca offers unsecured business loans with no asset requirements.

How much does it cost?

Interest rates vary from 2% to 6% per month. However, when you apply you will receive a tailored offer, with no obligation. As the interest on your loan accrues daily, it means you only pay for each day you have the funds. It is just another way we try to save you and your business money.

iwoca Product Details

  • Loan Type Business Loans
  • Interest Rate 5.9 – 7.8% p/a
  • Loan Amount up to £100,000
  • Repayment 12 months

Benefits of iwoca

  • Quick  business loans
  • No repayments for 12 months
  • Repay your loan early with no penalties

Look no further than iwoca to get the business loan you need

Simple yet flexible, this best describes our business loan application. So, how should you go about getting your hands on the business financing you require?

Sign up in minutes

Signing up is completely free of charge and there are no commitments. We simply require some basic details in order to verify your business and approve you for a quick loan.

Get approved

Loan amount limits are based on your business performance. Generally, we are able to lend up to one month’s revenue, or up to £10,000 for a start-up business.

Manage cash flow gaps, buy stock or make investments. Draw down on your business loan as you need and allow your business to flourish.

Repay or top up

You can keep the funds for 12 months or repay early to save interest. You can also top up to your loan limit if you have repaid a predetermined percentage of your existing loan.

Trusted by thousands of small businesses

The worth of our services is proudly based on the amount of businesses that we have financed throughout the years. Our dedication and passion for small business financing has only multiplied over the years and that is why we stay ahead in the lending industry.

How much can I borrow?

We will approve your business for a lonmg or short term loan from £1,000 to £100,000 and as your business grows we are happy to increase this limit.

Repayment terms

Our maximum term is for up to 12 months but you can always repay early.

Can I top up my loan?

We are generally happy to offer top-ups, if your business performance continues to grow and you have paid off about one third of your initial loan. Some documents might be required and the top-up feature is subject to approval.

No other fees or hidden charges

There are no arrangement fees, no establishment fees and no early repayment fees. All you pay over and above the loan amount is one simple interest rate.

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iwoca is a trusted & reliable provider of business loans

In our review, iwoca adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

iwoca is a registered credit provider in the UK; FCA number 723378

Customer Reviews & Testimonials

When my friend suggested I try Iwoca, I was skeptical. I prefer face to face interaction, but they were quick to reassure me. All in all, a good experience.

Montana D
— Dublin —

Short and sweet. No hassles, sleepless nights over hidden fees or the dreaded fine print.

Clifford K
— London —

iwoca Contact Details

Physical Address

  • 247 Tottenham Court Rd, Bloomsbury London England W1T 7QX United Kingdom
  • Get Directions

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday – Closed
  • Sunday – Closed