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iwoca: Business Loan reviews

Name: Business Loan
Rating: 3.75 (12 reviews)

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2.25

Based on 12 reviews, last reviewed 15th Mar 2025

No new 5 star reviews

in the past 90 days

200% increase in 1 star reviews

in the past 90 days

67%

4 star

3 star

25%

Latest highest rating:

5

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

Latest lowest rating:

1

I was approved for a credit limit of £15,000 and was... I was approved for a credit limit of £15,000 and was asked to complete face verification and submit a few documents, which I did. Shortly after, I rec... Read more Reviewed on: 15th March 2025

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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.

iwoca Business Loan reviews (12)

Review of the iwoca, Business Loan:

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

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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