Business loans. Simplified

Borrow up to £350,000 with a loan backed by the Government’s Coronavirus Business Interruption Loan Scheme (CBILS), or with the Flexi-Loan

Borrow £1,000 - £200,000 for cash flow, stock or investments. Fast and fair decisions.


Trustpilot • 4,415 reviews

24 hours

to get a decision

No fees

for repaying early

Your own

account manager


Trustpilot • 4,415 reviews

24 hours

to get a decision

No fees

for repaying early

Your own

account manager

How CBILS loans work

Help with your application

If you get stuck or have any questions, give us a call. You’ll get straight through to an account manager.

Pay nothing for 12 months

You’ll only start repaying your business loan after a year. And the Government covers your interest till then, too.

Repay early with no fees

Pay back over 5 years or repay early without any fees. If you pay back within a year, it won’t cost you a penny.

We keep our prices simple

Simple Pricing

We’ll only charge interest on your outstanding balance for the days you’re using your loan – no hidden fees, no long-term commitments. Our rates start at 2% a month, depending on your business.

6 monthly repayments of £1,866

Total repayment of £11,197(3.33% interest rate per 30 days)

Borrow up to £200,000

For up to 12 months

Need help? call us

This loan calculator is only an example, your actual rate 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.

Looking to borrow for more than 12 months or need a larger amount? Explore our longer term finance options for your business. Looking for the Coronavirus Business Interruption Loan Scheme (CBILS)? Learn more

Why iwoca?

A go-to person

You’ll get a dedicated account manager to help you with the process, look after your account and answer your calls.

Tailored decisions

Our award winning credit team have created a bespoke model to make sure you get the right amount of funds in the right way.

Clear application

Apply online and get a decision within 24 hours. We'll always let you know how we're getting on so you're never left in the dark.

Want to know more?

Here are some questions our customers ask. If there’s anything we haven’t covered here, check our FAQ

We’ll be offering loans at a customer APR from 5.9% to 10.2% - we've calculated this based on what you'll pay excluding the interest the government pays for you. The government covers the first 12 months of interest payments. Once you’re approved we’ll break down your repayments by month so you can see how it will look before you take the funds.

Yes, the government has made it clear that CBILS funds can be used to repay debt or refinance existing credit facilities. This is explicitly called out in British Business Bank’s British Business Bank's CBILS FAQs.

The government provides lenders like iwoca a partial guarantee so that small businesses have access to finance despite the economic uncertainty. You are responsible for paying back 100% of your CBILs business loan, just like with any other loan. If you’re unable to pay us back, we must follow our standard collections process before we make a claim against the government guarantee for any shortfall.

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 loan will show up on your credit report.

Even though we offer 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.


Stephen Gee

Gee Ski Ltd

You think you’ve thought of everything, then something else crops up. That’s where iwoca came in, to help us bridge those gaps.

Ian Hoyos

Champs Barbers

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.

Carl Douglas

Carl Douglas Racing Shells

iwoca’s funding allowed us to get on with the job, when otherwise we would have run into a brick wall. It’s a friendly relationship. The simplest possible process with the greatest help.

Tracy Sambrook

SEB Brewing

With iwoca, we could keep investing in kit, equipment and a new facility. So we could keep our standards high.

Tom Seaton

Crate Bars Ltd.

iwoca was definitely the simplest loan I’ve ever taken out in my life. Last year we launched our product in Tescos and needed more working capital. iwoca helped us do that.

Jonathan Hamp


What I like about iwoca is the quick turnaround. It gives you a sense of security.

Loved by over 50,000 small businesses (and big names) since 2012

Tom Hyde

Brew Lab

We have a good relationship with our bank, but the bank moves really slowly. That’s why iwoca is so useful. They’re very fast and very responsive.

Tim Law

Simply Plants

The process has been easy, uncomplicated and very quick. Their service is excellent with regular contact and support. I highly recommend this company for any business that needs finance.

Cecilia Downer

Nails and Cocktails

With iwoca's reasonable rates and amazing staff, we were able to quickly obtain a loan to purchase equipment before our grand opening. Sophie was very supportive and walked us through the process.

Mash Seriki

Healthcare Learning Ltd

The speed at which iwoca can respond to us is critically important for us to put on a fantastic program. They understand that you can blend technology with that human interaction.

Olivia Smith

Olivia and Pearl

iwoca was a breath of fresh air. We got an okay on our loan within a couple of days and they went above and beyond to help me get our project off the ground.

Alex Harris

Behind This Wall Ltd

Borrowing for business can be intimidating but iwoca have always been on hand for me to provide flexible options. They take the stress out of cash-flow issues and allow you to focus on what you do best.

Customer support

Questions? We're here to help

Interested in the Coronavirus Business Interruption Scheme CBILS - find out more

Or visit our coronavirus guides for straightforward summaries on topics like accessing government support