Apply for a Flexi-Loan today
The money you need, when you need it.
Borrow £1,000 - £1,000,000 for 1 day to 2 years with our flexible business loans. Bridge gaps, grab opportunities or just keep cash flow smooth.
- No early repayment fees
- No paperwork
- Money in your account in as quick as 2 minutes 37 seconds (our record)!
- From 1 day to 24 months
Loved by over 90,000+ small businesses since 2012
How do flexible loans work?
A Flexi-Loan is a type of financing designed to meet the needs of SMEs, with full control over the amount borrowed and repayments. Once you’re approved for a flexi-loan, you can transfer money from the loan to your bank account as you need it. You’re only charged interest on the amount you actually draw down and you can repay any time with no extra charges.
You can borrow additional funds up to your pre-approved limit and make repayments without fixed monthly amounts, ready to manage your cash flow and invest in growth on your terms.
How to apply for a flexi-loan
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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.
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 early repayment 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 is a bit more information we think might help. If you want to know more about flexible business loans, or iwoca, check our FAQs
What is iwoca?
Over the past seven years iwoca has grown from a small start-up to one of the fastest-growing business lenders in Europe. Now we're a team of more than 300 working towards the goal of funding one million small businesses.
How are you different from a bank?
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.
Can I repay my business loan early?
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.)
What happens if I can't make a repayment?
Let us know as soon as possible if you think you might have payment difficulties, we’ll work together to find a solution. Read more
What is a Flexi-Loan?
Straightforward applications and quick decisions - our Flexi-Loan is great for businesses who weren’t affected by coronavirus or are starting to get back on track. We designed this flexible business loan with small businesses in mind. It takes five minutes to apply. We'll approve you based on your business performance. Use your funds then repay or top up.
We have different flexible business loans available to suit your needs
“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
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
90,000+
businesses approved
