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iwoca: Business loan reviews

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4.38
Based on 34 reviews, last reviewed 12th Feb 2026
1800% increase in 5 star reviews
in the past 90 days
No new 1 star reviews
in the past 90 days
See only 5 star reviews
76%
See only 4 star reviews
6%
3 star
See only 3 star reviews
0%
See only 2 star reviews
3%
See only 1 star reviews
15%

Latest highest rating:

5

Sara, customer services has been brilliant, very hel... Sara, customer services has been brilliant, very helpful, always on the phone, if any issues. so far, happy with the service. Reviewed on: 12th February 2026
Surinder Lakha's avatar
Surinder Lakha

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

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 (34)

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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