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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)

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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