iwoca reviews

iwoca reviews

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Review by confirmed purchaser

Quick and Easy

These are reasonable, affordable loans with friendly, helpful advisors offering great customer service. Stick to your payment schedule and its smiles all round. Very heavy penalties if you miss the payment deadlines.
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Review by confirmed purchaser

Helped my business grow!

A no fuss application. Discussed and explained within minutes. Cash in my bank within the hour. A perfect business partner!
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Review by confirmed purchaser

Excellent service

Absolutely 5 star, smooth and professional, we have been doing business with iwoca right from the start, proud to say we are one of their very first clients, and we have been looked after by the excellent team at iwoca very well, and recommend iwoca anytime.
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Review by confirmed purchaser

Fantastic service. Money when you need it - simple.

A money lending service that actually looks at you as a business rather than a statistic. Excellent account managers and the money gets to your bank very fast indeed.
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Review by confirmed purchaser

A Breath of Fresh Air. Banks take note.

Wow, what a suprise. This must be the easiest borrowing experience I can ever remember. Money just when your business needs it without having to cut off an arm and a Leg and give them to a Bank then wait 2 Months while some Numpty with no knowledge of your Business deliberates on it. I can unreservedly recommend IWOCA to all.
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Review by confirmed purchaser

Quick and easy.

Good, professional service. Great telephone support and easy to understand. Since the banks are not lending, this is a decent alternative to free up cash for stock.
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Review by confirmed purchaser

Amazingly simple, fast and reliable

I still cant believe how simple and fast the whole process was with Iwoca.
I was very apprehensive when I finally plucked up the courage to click the apply button. You see I had approached a similar company approximately 18 months earlier and their customer service was apalling. Why do companies say they will ring you back and then dont bother to.
Anyway the experience couldnt have been more different. The funds were in my account the same day that I applied. Sophie was really helpful and friendly which helped to put me at ease. I am only a small sole trader who recently re-started my business and on top of all that I am someone who would rather not ask anyone for money given the choice. But Sophie didnt treat me like I was unimportant in fact it was the opposite. I came away feeling excited and optimistic about continuing to build my business.
I cant praise Iwoca enough. And I would also like to say a big thank you to Sophie for all of her help. Will definitely use again and I wouldnt hesitate to recommend them.
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Review by confirmed purchaser

So Far, So Good!

Very keen, good contact, watch this space ..
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Review by confirmed purchaser

Excellent from start to finish

Excellent communication without the hassle of providing `dream sheets` for Namkers who do not understand how Business operates.

OK the initial rate is not brilliant but I would expect having successfully repaid the advance future deals will show a more competitive rate as Funders will understand their clients.

Thank you Robin & Sophie for your expertise.

Good wishes


Sally
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Review by confirmed purchaser

Great, fast and friendly

The banks should speak to these guys as they make lending a pleasure and not a chore.
They are happy to help
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Review by confirmed purchaser

Hassle free, no nonsense, quick, friendly and affordable business finance!

Approaching High Street Banks for a business loan is in my experience daunting, very time consuming and rarely productive.
You don't get to speak to decision makers or somebody who understands your needs.
Iwoca is the complete opposite of the above.
Some day soon all business loans will be done this way.
Look out Big Banks!
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Review by confirmed purchaser

Excellent !! Service, easy to use !!

I was unsure at first, but was soon reassured by the team. This is a fabulous help to me and my business.
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Review by confirmed purchaser

From start to finish professional approach, full support with clear guidelines - highly recommended!!

With no reservations I would recommend iwoca to small businesses in need of additional financial resources! Thank you especially to Nicholas who was very committed and helpful throughout the whole application process!
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Review by confirmed purchaser

Helped my startup grow

I created a small startup online shop and as things grew I needed the funds to help it grow further. The guys at Iwoca spent time to understand the business and worked to release the correct amount of funds without putting too much on me at first - great as felt they were not solely after money making and had a genuine interest. As time has passed we have grown the relationship and extra funds became available as my store grew.

Great service and would definitely recommend.
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Review by confirmed purchaser

Quick, easy and friendly service!

I applied one evening and had been approved for a £10k injection by the end of the next afternoon! Cant say more than that, very quick service and received a fair rate as well!
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Review by confirmed purchaser

friendly staff and fast cash BUT!!

the staff was very friendly and speak english and very helpful got the money in my account within 2 hours GREAT!! BUT? on the main page it said £500 for 6 months i would pay back £570 but when they called me it was not £570 it was £617 i have to pay back so thats something to keep in mind when getting your loan but they are great apart from that and i have recommend this company to my friends thank you all @ iwoca.co.uk :)
iwoca.co.uk

Reply from iwoca.co.uk

Thanks for your feedback Jamie and glad we were able to help. Regarding the rate on the homepage it is just a representative rate and will vary from business to business (homepage rate is 4% per month, rates generally vary from 2% to 7% per month). I hope this makes sense.
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Review by confirmed purchaser

Generally ok but expensive and would be better with a fully online service and no phonecalls

I have used IWOCA funding on two occasions for a really short term cash injection.
They are expensive compared to other short term Providers and their Maximum of 6 month to repay makes them only suitable for very short term projects with virtually immediate payback.

I don't like the fact that they ring you up before they renew the facility, I understand for the first loan but aftewards it is a bit of a pain. I like to keep an amount approved for draw down as and when I need it so having to talk to them every two week or so gets annoying.
iwoca.co.uk

Reply from iwoca.co.uk

Thanks for your feedback. As you say iwoca is designed to help you take advantage of opportunities where you expect a relatively quick payback - e.g. stock deals. Our customers generally find that the additional profit from these deals more than outweighs the interest charge.

For renewals we do need to give you a quick call before sending out additional funds, but this is just to make sure there have been no major changes to your business. A renewal should only take a few minutes and helps to make sure that we are lending responsibly.

I hope this addresses your concerns but please get in touch if you have any further questions.
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Review by confirmed purchaser

Very easy-to-use, excellent service

I was really pleased with Iwoca. I'd been turned down for loans and overdrafts as my business is new and doesn't have the credit history most lenders expect. But by giving Iwoca access to my eBay, Amazon and website sales data, they were able to get a clear picture of my business and approve a loan almost instantly. Excellent service, very happy.
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Review by confirmed purchaser

Good

A good place to start a loan for small business; they are customer friendly and the procedure is quick and effective.

Thank you!
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Review by confirmed purchaser

Professional, efficient, friendly and personalised service!

These days, there aren't that many companies that provide really good service - the kind that sticks out above everyone else. Well Iwoca does just that!

The website is a breeze to use and their services have always been professional, efficient, friendly and personal. Very impressive and highly recommended to all businesses that need that extra bit of credit quickly!

A big thanks to all at Iwoca, especially Nick! Keep up the good work!

About iwoca

A simple application

We want to understand your business. Sign up and link your online stores to iwoca so we can see your sales performance. This allows us to get you funded the day you apply.

Full flexibility

Borrow as much as you need up to your credit limit and keep the funds for any period up to 6 months.

A dedicated UK-based account manager

We're the only ecommerce finance provider based in UK. One of our local account managers will guide you through the process and help you out with any queries.

A better deal as you grow

We want you to see iwoca as your business partner. As your business grows we will look at increasing your credit limit and reducing your interest rate. And there's no paperwork required after your first loan.

About iwoca

Based in London, iwoca is a startup technology company founded by experienced technology and finance professionals. We recognised the need for a better way for online sellers to access the funding they need to grow their businesses.

Since launch in March 2012 we have built an award-winning technology platform, grown to a team of 20 people and have lent millions of pounds to thousands of online sellers.

Visit iwoca

Get in touch

Call us on: 020 33973375
We live here: 49 Atalanta Street
SW6 6TU London
United Kingdom

Category

iwoca is ranked 10 out of 260 in the category Money

iwoca is ranked 1 out of 34 in the category

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