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iwoca: Business Loan reviews

View other iwoca products
4.30
Based on 10 reviews, last reviewed 20th Nov 2023
No new 5 star reviews
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100% decrease in 1 star reviews
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Latest highest rating:

5

Easy application process The application process and fund pay-out was quick and simple Reviewed on: 31st May 2023
Gordon Marsh's avatar
Gordon Marsh

Latest lowest rating:

1

Mixed Experiences with Iwocas Financial Solutions As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experienc... Read more Reviewed on: 20th November 2023
Sebastian Moc's avatar
Sebastian Moc
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About the Business Loan

iwoca business loan reviews help other business owners to get the inside track on what having a business loan with iwoca is really like. Smart Money People is the leading business review site in the UK and we want to hear about your experience of this business loan. You can write your iwoca business loan reviews today to share your experience of this product. Together, we can help us to increase trust and transparency in financial services.

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iwoca Business Loan reviews (10)

Mixed Experiences with Iwocas Financial Solutions

1
As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experience was positive, especially when managing regular payments. However, challenges arose when I faced financial difficulties. During this period, I found iwoca’s support less than satisfactory. Despite their assurances that a County Court Judgment (CCJ) would resolve my issues, they proceeded with a Charging Order three months later. This action contradicted their earlier communications and added to the stress of my financial situation. Moreover, I encountered significant communication hurdles. Approximately half of my emails went unanswered, and when responses were provided, they often reiterated the need to “secure Iwoca’s position,” without offering tangible solutions or support for my circumstances. Their claim of being FCA regulated is true, yet I felt this did not translate into fair or supportive treatment during my time of need. This experience has left me questioning the balance they strike between business interests and customer support. While iwoca may offer effective financial solutions under normal circumstances, my experience suggests that they may fall short in offering the necessary support and guidance when customers face financial hardships. Reviewed on: 20th November 2023
Sebastian Moc's avatar
Sebastian Moc

Easy application process

5
The application process and fund pay-out was quick and simple Reviewed on: 31st May 2023
Gordon Marsh's avatar
Gordon Marsh

Excellent communication

5
I needed information and got all the info I needed and much more about CGILS Reviewed on: 10th February 2021
Hacina 's avatar
Hacina

The simplest borrowing option for small businesses

5
iwoca offer a fantastic service to small businesses. The application process is seamless and the fact you can easily chat with the team on webchat or phone calls is such a breath of fresh air compared to high street banks call centres. Highly recommend. Reviewed on: 4th February 2021
Mat's avatar
Mat

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