Featured / Benefits
Business funding: what are you looking for?
Check if you qualify for a business loan in minutes
Borrow from £1,000 to £500,000 over one or two years – or repay early whenever you like.
- Apply in 5 minutes
- No impact on your credit score
- Get the money on the same day
- Repay early with no fees
How it works
Apply in minutes
It takes five minutes from start to finish. We've designed our flexible business loans with small businesses in mind, so we'll just need the basics about your business to make a decision.
Use your funds
We'll approve you based on your business performance. You then transfer as much as you need to your bank account, and the funds will typically be in your account in hours.
Repay or top up
We don't charge early repayment fees: we only charge interest for the days you have the money. If you need more funds, applying for a top up is easy. As your business grows your credit limit will too.
“When you're a small business you need to move fast. Dealing with banks is a long process. Dealing with iwoca was definitely a lot more efficient.”
Ian - Champs Barbers
Because we’re designed specifically for small businesses, our flexible business loans work like you do: they’re fast and hassle-free.
No early repayment fees
If you want to repay early that’s great. We’ll never charge a fee for that. In fact, more than 20% of our customers repay ahead of schedule in their first six months.
Easy application
We’ve designed our application process to be as slick as possible: link your bank account and get going in minutes.
No hanging around
Once you’re approved, we’ll ping the money straight to your account. And if you need more later, you can apply for a top-up.
We keep our prices simple
We’ll only charge interest on your outstanding balance for the days you’re using your business loan – no hidden fees, no long-term commitments. Our business loan rates start at 2% a month for a Flexi-Loan, depending on your business.
6 monthly repayments of £1,120
Total repayment of £31,685(3.33% interest rate per 30 days)
This loan calculator is only an example, your actual rate for your business loan will vary based on your circumstances. Here’s another example: if you borrowed £10,000 for 12 months at 49% representative APR, with an interest rate of 40% p.a. (variable), then, all in all, the total amount you’d repay would be £12,294.
Frequently asked questions
Here are some questions our customers ask. Check our FAQ for anything we haven't covered.
We only run soft credit checks which means applying won’t affect your credit score. But if you decide to draw down funds from us, the business loan will show up on your credit report.
Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your business loan early we won't charge you any fees. (And don't worry - you’ll never find any sneaky small print surprises with us.)
Even though we offer business loans, we’re not a bank. We’re an independent company custom-built for small businesses – and our goal is to provide straightforward access to finance where and when your business needs it.
It takes 5 minutes to apply and in almost all cases you'll get a decision in 24 hours.
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.
With a Flexi-Loan, once you've paid back a third of your original credit limit, applying for a top up is easy. We'll just need updated information about your business.
Questions? We're here to help
Call us at 020 3778 0274 from Monday to Friday (9am - 6pm). We can take your business loan application over the phone, or answer your questions about applying online.
£3 billion+
approved small business loans
70,000+
businesses approved
