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iwoca: Business loan reviews

Name: Business loan
Rating: 4.24 (33 reviews)

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4.35

Based on 33 reviews, last reviewed 12th Feb 2026

1700% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

76%

3 star

15%

Latest highest rating:

5

Very helpful and good service to use Very helpful and good service to use Reviewed on: 12th 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 (33)

Brilliant Banking Balance

We were introduced To Iwoca by our bankers Tide, and have since forged a very positive business relationship over the last couple of years. Not that we have always got our way or spoken to the same person but have always been dealt with in a positive and proactive manner and a genuine empathy to help. The individuals and the company should be congratulated on their pro business ethos and look-forward to their continued support. Reviewed on: 6th February 2026

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

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