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iwoca: Business loan reviews

Name: Business loan
Rating: 4.84 (99 reviews)

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4.84

Based on 99 reviews, last reviewed 2nd Apr 2026

8300% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

92%

3 star

Latest highest rating:

5

Sara always returns calls and emails promptly, that’... Sara always returns calls and emails promptly, that’s all anyone wants Reviewed on: 2nd April 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 (99)

Easy application process

The application process and fund pay-out was quick and simple Reviewed on: 31st May 2023

Excellent communication

I needed information and got all the info I needed and much more about CGILS Reviewed on: 10th February 2021

The simplest borrowing option for small businesses

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

Loved it

From first submitting my request online, to receiving the fast decision, and support, iwoca has been there for us. Great service! Thank you :) Reviewed on: 2nd February 2019

great

always seamless and has changed borrowing for small business. Reviewed on: 30th January 2019

Reliable

Make it easy to get funding for my business quickly, with smart questions not pointlesss form filling Reviewed on: 13th January 2019

Well deserved

Great company! Great Product! Growing with the times, iwoca have a clear and simple vision to help small business and they do it without making you jump through hoops. A clear and concise product, with an amazing simple to use technology platform! Reviewed on: 2nd January 2019

Awesome, innovative service

iwoca is connected with so many relevant services for SMEs that they make it easy to apply for a loan quickly Reviewed on: 2nd January 2019

Largely a waste of time

This lot largely wasted my time. I applied for business funding and they made swift contact, only to start asking for proof upon proof of income, contracts, solictor and accountant's reports and the like. For a sole trader who does his own accounts this was nigh on impossible, and after much deliberation (which took ages) Iwoca rejected me. They then passed my details over to a bunch of other companies that were clearly on some sort of referral scheme and the deluge of calls began. Not the best experience. Reviewed on: 24th December 2016

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