Iwoca
Iwoca is a finance provider for small business across the UK. That includes restaurants, hotels, retailers, service providers, and mor1e. Businesses use iwoca from bridging short-term cash flow gaps to investing in stock opportunities. Users are free to make early repayments at any point to save interest. iwoca offers a new type of credit facility for small businesses, allowing them to take advantage of opportunities previously only available to their larger peers.
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Iwoca Review and Overview
Iwoca is an online small business trading company based in London. The company provides credit facilities to small and medium-sized businesses in two major countries –the UK and Germany, via online automated lending software. It is an independent, custom-built company who is aimed at providing straightforward access to finance as per the requirements of various organizations. It eliminates the time spent on paperwork and focuses on empowering the business activities to achieve the desired goals of the business. The company provides a new type of lending service to make things simpler and goal-focused. It works in just a few clicks from start to finish and approves funds based on the performances. Iwoca offers clear interest policies where you only pay interest for the days you have your funds without taking the time to stand in a queue to get your loans sanctioned.
Simple to use
The application only takes s five minutes to proceed to the submission of the application and you can have your loan approved in just a couple of hours. It does not charge you any initial costs while applying and there is no commitment for any security-based purposes. There are no hidden fees or charges, whereas you only interest for the time being when you possess your funds. It also includes fair decision making with fair people, where if your business grows, your credit limit grows as well.
Full flexibility
The company allows you to borrow as many funds as you want as per your requirements up to your credit limit and keep the funds safe for any period up to 12 months without any commitments of longer periods. The company includes a dedicated UK based manager who is your manager to resolve your issues and queries related to the process. There are no call centers or waiting on hold; everything is performed with utmost automation without any gaps.
Great deal to grow
Iwoca, as your business partner, supports you in the lending process to make the financial load lighter. As your business grows, the perspective to look at it will mainly look at the increasing credit limit of your account and the reduced interest rates with time.
Top Iwoca Features
- Flexible repayment options
- Quick decision in 24 hours
- No early repayment fees
- Soft credit checks
- Fast fund transfer
- Access to top-up loans
- Designed for small businesses
- Minimum documentation required
- Interest charged on outstanding balance
- Tax-deductible interest payments
- No long-term commitments
- Open Banking account linking
- Supports businesses of all sizes
- Clear and transparent terms
- Dedicated customer support
- Simple online application
- Highly rated customer service
- Fast response times
- Independent from traditional banks
- Commitment to SMEs in UK
