iwoca offers unsecured business loans between £1,000 and £200,000 to SMEs and takes into account both your business’s past performance and your credit score. You can expect comparatively high rates, a quick decision (in some cases you may be able to get the funds within hours from the application) and good flexibility with the repayments.
A number of other lenders can help SMEs secure similar financing online and we’ve put together a list of them here. Alternatively you can find information on the wide range of business financing options available to startups and small businesses.
How can we help?
We’ve partnered with Funding Options to help UK businesses compare lenders and navigate the different borrowing options available.
Unlock the value in your invoices to move your business forwards. Compare invoice financing providers and discover how it could help your business.
Borrow against equipment or property to accelerate growth. Compare asset financing providers and discover how it could help your business.
Merchant cash advance
Get a lump sum upfront to repay in-line with volume of future sales. Compare a panel of lenders through our partner Funding Options.
Line of credit
Borrow only as much as you need, when you need it, and repay on terms that suit you. Compare a range of lenders.
Business credit cards
Boost your spending power, track employee spending and enjoy perks and rewards with a business credit card.
More guides on Finder
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Mortgage for a pub
Everything you need to know about taking out a mortgage to buy or refinance a pub. Find out where to get one, how to get the best deal and the factors lenders consider.
Mortgage for a hotel
In-depth guide to taking out a commercial mortgage to buy or refinance a hotel. Find out how to get the best rates, factors lenders consider and what you need to apply.
How much deposit do I need for a commercial mortgage?
Find out how much deposit you need if you’re taking out a commercial mortgage, including the factors lenders take into account, and how to get the best deal for you.
Limited company loans
See how to get a business loan as a limited company in the UK, and how much you can borrow.
Sole trader loans
Find out how to get a loan if you work for yourself, including which lenders offer business loans for sole traders.
Loans for small businesses affected by coronavirus
Learn about government support and alternative options for businesses needing finance to help deal with the impact of coronavirus.
Bridging loans with bad credit
In-depth guide to bridging loans if you have had credit problems in the past, including what lenders are willing to overlook and which are the most important factors.
Business bank accounts for non-UK residents
We’ve put together some tips and information on how to open a business bank account in the UK as a non-resident.
Benefits of a business account
While it may look like more work, opening a separate business account is actually likely to make your work life easier and more organised. Here are the pros and cons.
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