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iwoca: Business Loan reviews

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1.81
Based on 14 reviews, last reviewed 26th Jul 2025
No new 5 star reviews
in the past 90 days
50% decrease in 1 star reviews
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4 star
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7%
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36%

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

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
Chee Lee's avatar
Chee Lee
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About this product

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 (14)

Reliable

5
Make it easy to get funding for my business quickly, with smart questions not pointlesss form filling Reviewed on: 13th January 2019
Andy's avatar
Andy

Well deserved

5
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
Charlie 's avatar
Charlie

Awesome, innovative service

5
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
EG's avatar
EG

Largely a waste of time

2
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
Chris Redman's avatar
Chris Redman

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