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iwoca: Business loan reviews

Name: Business loan
Rating: 3.95 (22 reviews)

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3.89

Based on 22 reviews, last reviewed 5th Feb 2026

800% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

72%

4 star

3 star

23%

Latest highest rating:

5

Sara dealt with me and she was a dream to work with. Sara dealt with me and she was a dream to work with. The entire process was very smooth. Reviewed on: 5th February 2026

Latest lowest rating:

1

Behind the slick branding is nothing but a loan shark Like many businesses, we faced cash flow problems, and Iwoca seemed like the ideal solution. I became the guarantor of the loan, but due to circumstan... Read more Reviewed on: 26th July 2025

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About this product

With an iwoca business loan, you can borrow between £1,000 and £1m.

It only takes around 24 hours to get a decision on an iwoca loan application. You can borrow money with terms ranging from one day to five years and there’s no fee to repay your loan early.

iwoca business loan reviews help you find out what it’s really like to be a customer. If you’ve used iwoca before, you can also leave a review and share your experience.

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iwoca Business loan reviews (22)

Sara dealt with me and she was a dream to work with.

Sara dealt with me and she was a dream to work with. The entire process was very smooth. Reviewed on: 5th February 2026

a first words I need to say 'Thank you so much Sally...

a first words I need to say 'Thank you so much Sally' and her team for quick respond and they are so professional in handling any situation! within 2 days I received the fund with what I asked for. Great Jobs! Excellent service! Reviewed on: 5th February 2026

Great experience with George thank you

Great experience with George thank you Reviewed on: 4th February 2026

Everything was handled transparently, with no hidden...

Everything was handled transparently, with no hidden details, and very quickly Reviewed on: 3rd February 2026

Really easy to do business with.

Really easy to do business with. Iwoca are there when we need them, minimum fuss. good rates and efficient service. Reviewed on: 3rd February 2026

It was easy to get finance for my business

It was easy to get finance for my business and the process was simple, quick and I had the money within 48 hours. Reviewed on: 3rd February 2026

Very swift service.

Very swift service. The was impressed with the speed of application completion Reviewed on: 3rd February 2026

Joe was very good at listening to my case as this is...

Joe was very good at listening to my case as this is only temporrary, I am very grateful for the suport as everyone has different circumstances. Joe is an excellent communicator kept me informed all the way through. Thank you Joe Reviewed on: 3rd February 2026

Behind the slick branding is nothing but a loan shark

Like many businesses, we faced cash flow problems, and Iwoca seemed like the ideal solution. I became the guarantor of the loan, but due to circumstances beyond my control, I had to step down as company director. I contacted Iwoca straight away to explain the situation and made it clear the company was unlikely to keep up repayments. I told them I understood my obligations as guarantor and wanted to discuss a repayment plan. Their advice was to wait until the account went into default — only then, they said, would the collections team be able to talk about next steps. I followed that guidance exactly. But once the account defaulted, everything changed. I was met with threats — of a CCJ, of losing my home — and told there was no point discussing a payment plan. Their only interest was “securing the debt.” Over the next nine months, their approach — built on accusations, lies, and threats — took a serious toll on my mental health. I felt constantly under pressure, unsupported, and trapped. At the same time, they added £7,000 in interest to the debt. I know my situation is unusual — but it doesn’t change the fact that Iwoca lied to me and then threatened me. I’ve since listened back to every recorded call with their team, and it’s clear I acted in good faith from day one. All I asked for was a chance to talk about a payment plan — I was even in the process of remortgaging my house to repay the loan. All they did was threaten me. I now own the domain www.iwoca.laon, where I plan to publish the recordings and tell the full story. If you’ve had a similar experience, it will also become a space where others can speak up and share what they’ve been through. I may not win a fight against a company like this — but if sharing my experience helps stop it happening to someone else, it’s worth it. Reviewed on: 26th July 2025

Avoid At All Costs

My experience with Iwoca has been deeply damaging. As the joint owner of a property, I received legal documentation concerning my wife’s business debt — documentation that included personal details like her date of birth, the amount owed, and court proceedings. I am not party to the debt, yet nothing in the paperwork made that clear. It implied I was liable, which caused me extreme anxiety and distress. The lack of basic clarity in their communication — especially for someone not trained in legal language — left me fearing we could lose our home. I spiralled into a mental health crisis, at one point believing my family would be better off without me. This company’s inability or refusal to simply include a line explaining I wasn’t liable speaks volumes about their disregard for the human impact of their actions. Despite repeated complaints, Iwoca’s responses have been cold and dismissive. I was passed from person to person, each one washing their hands of the issue. No personal accountability. No meaningful apology. Just legal excuses. If you’re thinking of working with Iwoca — don’t. There are other lenders who treat people like human beings, not case numbers. I have escalated this to the Financial Ombudsman and Information Commissioner, and I hope no one else has to go through what I did. Reviewed on: 29th May 2025

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