Compare iwoca RCF business loans

About IWOCA

IWOCA is a UK based lender that was founded in 2014. Its mission was to revolutionise the way companies obtain funding by providing a suite of flexible funding options tailored to a business’s individual needs.

About IWOCA Business Loans

IWOCA’s range of commercial finance options utilise lightning-fast software that allows you to obtain the funding you need as quickly as possible. From short term investments or to help a cashflow crisis, an IWOCA business loan makes finance feel like a superpower, not a headache.

IWOCA’s flexi-loan offers unsecured business loans for any company at any age including start-ups. This IWOCA business loan starts from £1,000 to £200,000 with a flexible 12-month facility. A flexi loan guarantees a decision within 24 hours, with the ability to overpay or settle at any time at no additional cost. It also provides competitive rates from 2% per month with no set up fees.

In addition to this, IWOCA also provides a unsecured small business loan for Ltd companies with 2+ years filed accounts. The IWOCA small business loan provides finance from £5,000 to £250,000 with terms up to 5 years. Unlike the flexi-loan, decisions are made within 1-2 days. It also provides rates from 8.5% per annum, with a 6% upfront fee.

Please note that the IWOCA small business loan will not lend to those with active CCJs and settled CCJs more than £1,000 within the last 12 months. This loan also requires a minimum turnover of £150,000 per year.

IWOCA Contact Info

iwoca Ltd, 247 Tottenham Court Road, London, W1T 7QX

iwoca Limited is authorised and regulated by the Financial Conduct Authority (reference number: 723378) in relation to regulated credit agreements and are a registered account information service provider (reference number: 791804). We’re also registered with the Information Commissioners Office in relation to the processing of personal information (registration number: Z3007540). iwoca Limited is incorporated in England and Wales (company number: 07798925). Our registered office is 10 Queen Street Place, London, EC4R 1AG.

To contact IWOCA, email their team at[email protected]. You can also call them on020 3778 0274

Promotions & Offers

As of January 2020, IWOCA do not currently have any promotions or offers on their commercial funding products.

How to Apply

If you’re ready to grow your business with a IWOCA business loan, you’ll need to provide some information about you and your business. This will include:

• 6 months bank statements
• 4 VAT returns
• Filed company accounts
• Aged debtor report (if available)

When applying for a IWOCA Flexi business loan, you will be notified within 24 hours of the outcome of their initial checks. For IWOCA’s small business loan, it will take at least 2 day. You will then be provided with feedback on your applications and receive a drawdown process once you have chosen to proceed. Each business loan taken out through IWOCA is subject to normal lending assessment, status and application. Terms and conditions apply.