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Who is iwoca and what do they do?
iwoca is a UK-based online lender founded in 2011 that provides fast and flexible financing solutions to small businesses, offering loans ranging from £1,000 to £1,000,000 with terms up to 24 months. Utilising advanced technology and data analysis, iwoca streamlines the application process, enabling quick decisions and efficient funding for businesses across various sectors.
iwoca’s lending product offering
Feature | Details |
|---|---|
Terms | From 1 day up to 60 months |
Loan amount | £1,000 up to £1,000,000 |
Eligibility requirements | Must be a UK-based business and operate as a limited company |
Secured or unsecured | Unsecured lending |
Instant loans via Capitalise | Yes, up to £100,000 |
Open banking supported | Yes |
Personal guarantee required | Yes |
When would a funding specialist recommend iwoca as a lender?
Our funding specialists might recommend iwoca if you're seeking fast, short-term financing. iwoca’s fully digital platform and innovative underwriting process make applying and securing funding exceptionally quick—with their fastest recorded approval time being just 2 minutes and 37 seconds from application to funds in the bank.
In addition to short-term business loans, iwoca also offers:
If you're an e-commerce business or need rapid access to working capital, iwoca is likely to be one of the lenders your funding expert will consider discussing with you.
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