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(opens in a new tab)Iwoca
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Go to Website (opens in a new tab)About Iwoca
iwoca is a UK-based fintech lender that provides flexible business loans to small and medium-sized enterprises (SMEs). The company focuses on helping businesses access fast and flexible funding to manage cash flow, invest in growth, or cover operational expenses. Applications are completed online, and businesses can typically receive a decision within 24 hours. Iwoca offers a revolving credit facility known as the Flexi-Loan, allowing businesses to borrow funds when needed and repay early without additional fees.
Amount
£1,000 - £500,000
Tenor
1 - 24 months
Min. approval time
24 hrs
Countries
Created on
March 2026
Last updated
March 2026
Requirements
The basic requirements to apply for a loan on Iwoca include:
- • Business registration: The applicant must operate a UK-based business, usually as a limited company or partnership.
- • Business information: Applicants must provide basic details about their business operations and activities.
- • Financial records: Borrowers typically need to submit bank statements from the last year or connect their bank account through Open Banking.
- • Loan size: Businesses can usually borrow between £1,000 and £1,000,000, depending on their financial profile and revenue.
- • Repayment term: Loan terms can extend for up to 60 months, with flexible repayment options and the ability to repay early without fees.
- • Personal guarantee: In many cases, a personal guarantee from a company director may be required instead of collateral.
How to Apply
To apply for a loan with Iwoca, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+44 20 3778 0274
Website
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