Rating based on 39 reviews



  • Business loans up to £250,000
  • Low-interest starting from 5.9%
  • Repayment up to 12 months

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IWOCA homepage

Author IWOCA. Screenshot of IWOCA website. [Accessed April 26, 2020]


We created Iwoca because we believe that obtaining finance should feel like a superpower instead of a headache. We offer business loans to small business owners throughout the United Kingdom. For a small business to go to their bank for finance, they usually face long waiting times, absurdly rigid criteria and endless forms.

It is our goal to finance small businesses and help them grow. We offer finance to retailers, restaurants, service providers, hotels and more. Loans are used for different purposed, from short-term cash flow problems to investing in stock opportunities.

Fair decisions

We realize that your business is more than a credit score. That is why we look at your overall performance before we make out decisions on credit applications.

You can complete our quick online loan application completely free and are under no obligation to accept a loan offer.

Spend your time on what matters most

Small business owners should spend less time on paperwork and more time running their business. With finance sometimes difficult to obtain this ideal is not often realized.

We do not expect our customers to spend their valuable time ticking boxes and filling out unnecessary forms. This leaves you with a quick, easy financial solution that does not consume more of your valuable time.

IWOCA Services

At Iwoca we offer two different types of business loans. You do not need to worry about which option is right for you. You can always change your mind and switch to another loan if your situation changes.  

And we have real people waiting to assist you telephonically. We do small business finance, and we will get straight to the point and help you with any questions or uncertainties you may have. Your application can also be processed over the phone if you prefer human interaction and assistance.


Flexi-loans are available from £1,000 to £200,00. The term of the loan range from one day to twelve months. This type of loan will assist you in managing your day to day cash flow. You can draw money to buy stock, pay bills and make short-term investments. Since there are no fees it is a cheaper loan option.

Your funds will be available for twelve months, and you can use some of the funds or all of the funds. You will only pay interest on the funds that you used. And if you are in a position to settle the full amount there will be no fees or penalties. The limit on a Flexi Loan is typically up to a month’s turnover, or £10,000 for a start-up business.

Small business loan

With a small business loan, you can borrow from £25,000 up to £250,000. The term of the loan can be up to five years. This kind of loan is usually best for when you need to invest in your business growth. It can be used for large, one-off purchases or investment options to grow your business.

IWOCA – Business loan

  • Loan Type Business loans
  • Interest Rate 5.9 – 7.8% p/a
  • Loan Amount up to £250,000
  • Repayment 12 months

Benefits of IWOCA

  • Quick and easy business loans
  • No payments for 12 months
  • Repay your loan early with no added fees

Business loan calculator


The interest rate of a loan will vary based on your credit score and risk profile.

This loan calculator is for illustration purposes only.
The use of this Online loan calculator is subject to our terms of use.

IWOCA has multiple options to suit your business needs

To sign up for a loan is free and there are no commitments. You can apply for either a Flexi-Loan or a Small Business Loan and can change your mind at a later stage. Your credit limit will be based on your business.

You will get approval within 24 hours of submitting your application. In general, a Flexi-Loan is used for short term requirements and a Small Business Loan for long term investments. When you are ready, you can withdraw any amount you need, when you need it, up to your credit limit.

How to apply

The application process is simple and can be done online at a time that suits you in the comfort of your own home or office. When you sign up you link your business accounts to Iwoca, or you can upload band statements, company accounts or VAT returns.

Our expert team will make an instant assessment of your business can confirm an offer with you within hours. If you are happy with the offer you received, you can withdraw the funds to your bank account.

Repayment options

A minimum repayment will be agreed upon when you accept the loan offer. This can be either weekly or monthly repayments. The minimum repayments will be taken automatically via your registered debit card.

You are also welcome to make free early repayments via bank transfer or debit card through your online account. When submitting your initial application, you can make use of our handy loan calculator to see how much a loan will cost you.

Quick and easy with a different approach

When you apply, you link your online accounts or upload bank statements. This enables us to offer instant funding without all the complex and frustrating paperwork usually associated with a traditional business loan.

Submitting the required documents is easy and quick. Direct links are available to connect to bank accounts from Lloyds, Barclays, and HSBC. We also offer integration with accounts from Amazon, Paypal, Sage Pay, Xero and more. But if you prefer not to link your account, you are welcome to upload statements instead.

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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

September 2019

The best service and assistance I ever received when applying for a loan.

V Heston
— York —

April 2019

I wish I knew how easy it would be earlier. Would have saved me many sleepless nights. Thank you for the straight forward approach and easy application process

W Dorsey
— Morley —

IWOCA Contact

Physical Address

  • 247 Tottenham Court Rd, Bloomsbury London 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