iwoca

Business loans. Simplified

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Description

iwoca offers fast, flexible finance to online retailers and other small businesses. Sign up at iwoca.co.uk get approved for a credit line of up to £100,000 within hours, then choose how much to borrow and for how long. There are no hidden fees and no commitments.

Business loans. Simplified

How CBILS loans work

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Help with your application

If you get stuck or have any questions, give them a call. You’ll get straight through to an account manager.

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Pay nothing for 12 months

You’ll only start repaying your business loan after a year. And the Government covers your interest till then, too.

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Repay early with no fees

Pay back over 5 years or repay early without any fees. If you pay back within a year, it won’t cost you a penny.

Is your business eligible for CBILS?

You could be eligible for a CBILS loan with us if you’re a limited company based in the UK, and:

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you’ve been negatively affected by coronavirus (COVID-19)

your 2019 turnover was £200,000 or more and you’re looking to borrow more than £50,000

your turnover is less than £45 million a year

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you’ll use the money to keep doing business in the UK

you’ll only use it for business purposes

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more than 50% of your turnover comes from trading (not investments)

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The simpler way to get a CBILS loan

See if you’re eligible in two minutes.Answer a few questions to see if a CBILS loan could be right for you.

Apply online with help at hand.Although our application process is all online, you’ll have your own account manager to help. Once they have approved you and done a few extra checks, they will ping the money straight to your account.

Repay over five years (or earlier).These loans officially last five years, but you can also repay early without a fee – and you don’t pay anything for a year, anyway..

Pricing Details:

Monthly interest rate of 2% to 6%, no set up or early repayment fees.



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