Dealing with Iwoca has been good. They were fast to review our business and approve our first loan and the person we've been in touch with, James, has been very helpful. We paid off our first loan early and have now taken a second to get stock in time for the Xmas rush. Iwoca has been very fast in helping us and the website is easy to use.
The only thing I'd say is that the interest rate is very high but with paying off the loan fast (in 6 months or less) its not that bad. And I guess that's the "cost" of going outside the regular banking system which can take weeks to review and then not approve a loan for a small business.
They did lower my rate for the second loan so that was good too.
Overall dealing with Iwoca has been of value to our business.
IWOCA have provided an excellent service to my business, thier staff are friendly and helpful and also offer very good advice. The process was fast and I would certianly use them again and reccomend them for ecommerce funding. Great Job, thanks guys!
Iwoca is offering small loans in a really good and trust worthy manners . They are providing helping hand for online business in shape of loan and very timely and efficient services . It is a great help to boost up my small business .
I am grateful iwoca .
Well these types of lending firms tend to get bad PR. I for one do not understand why on this performance. We needed something quick just to release some cash flow for a few weeks. The process was painless and easy and the gent that dealt with me "James" was on hand to guide me through all the way. Which from start to finish was two days. Great service guys keep up the good work.
Simple application, friendly response and follow up. I would recommend to any online seller
I FOUND IWOCA TO BE VERY FRIENDLY AND QUICK ALSO.
THEY PHONED ME BACK AND DICUSSED MY BUSINESS / REQUEST WITH NO PROBLEMS AT ALL . A REFRESHING CHANGE FROM HIGH ST LENDERS.
GREAT CUSTOMER SERVICE AND MONEY WAS TRANSFERRED VERY QUICK
INTO MY BANK ACCOUNT. GREAT FOR ONLINE SELLERS.
OVERALL I WOULD GIVE THEM 100 % FOR THIS TRANSACTION.
I would recommend to anyone. The service is always good, the staff are helpful and interested in the business they are lending to.
There are no tricks or hidden fees, putting them well ahead of similar companies.
Use IWOCA with confidence.
Definitely would recommend iwoca for a short term loan, the process was simple, quick and very helpful friendly staff that explained everything in detail, great if you need money to buy stock quickly, just what I needed.
What more can you say about IWOCA, a professional company lending money to SMB's! Ideal if you want to purchase stock for re-sale, we are planning on using the funds for an equipment purchase that will return us profit in excess of the repayments.
Almost a shame that the government are not doing this very same service and supporting businesses across the UK
Well done IWOCA and well done Nick (our contact) for providing such a great service.
I would definitely recommend iwoca to any business considering short term financing.
I particularly wish to commend my Account Representative Nick for providing excellent service. He was always there to help me. For an older person such as myself who is not very technical. This made the whole process so much easier. Thank you.
Just applied online for my first iwoca loan and it was all sorted same day. Very simple online application, nice phone call to say application received followed up by pleasant phone call to discuss loan requirements. Money was in the bank within hours. Altogether a very good hassle free experience and would strongly recommend. This will enable me to purchase new stock, thus increasing my sales. Loan will be paid off in 6 months and I will have no hesitation in applying for another iwoca loan in the future if I feel it will help my business develop.
We have used Iwoca several times now and have found their service to be to a very high standard, no issue or question is too much trouble. A very fast and efficient service all round, with the added bonus of being able to repay the loan early with no penalties.
All in all we have found the service to be top class and it has helped our business expand which we would not have been able to do without their help.
A very satisfied customer.
Hi. It is the first time I am using Iwoca and I was pleased to discover a proffesional, secure, fast service. Very polite and friendly adviser which answeared all my questions.
I will recomend Iwoca to anyone who needs same help with their bussines.
Thank you Iwoca
I needed some start up cash for a new business and found iwoca online, they called me back within 5 minutes of my application and were polite, friendly and most of all human! I got my money paid into my account the same day and a better interest rate than the bank offered. Really happy with the service
This is my second time using this company and I cannot fault them. It is very straightforward, you know exactly what you will pay monthly and if you pay back early there are no penalties. Great Service, Thank you.
I was amazed by the ease of my iwoca loan application process. As a very small business, I was struggling with cash flow and needed a small loan to purchase much needed stock. Nick was fantastic in helping me, just what I needed. Stress free no hustle and best of all, interest rates very reasonable. None of the major banks unreasonable criteria waffle, I would definitely recommend iwoca to any serious small business in need of a loan.
Iwoca provide a very flexible source of capital for business.
Contact with the company is quick, informed and pleasant at every touch point.
Although 'expensive' if you understand the value and cost of the capital to your business I would have no hesitation in recommending Iwoca as a financing option.
Iwoca could change their name to FAST & EASY, I have used them twice now and they have given me no reason to worry or be concerned. Great for companies who need a cash injection fast but don't need all the paperwork, form filling, emails, endless questions etc from the banks. My advice would be call them today.
Having not really needing any financial help at the time being and more so just testing the water to see if we would be eligible for funds that would help with expansion in the near future as being blacklisted with a very poor credit rating it wouldn't be the first time being turned away from financial help we were very surprised by the response giving by Iwoca.
Having spoken to James(co-founder) on the telephone and with him going through our business and seeing the potential we have it was satisfying for him to come back to us with an immediate offer, we asked if the offer could be increased slightly as we felt the first offer wouldn't have had the impact desired and James came back to us with an increased offer at great short terms rates that are easily manageable and affordable and crystal clear from the off set.
We accepted the offer which means we can expand sooner instead of later and push us into the front of the race in our very competitive market with the bigger boys!
We can pay back early which we are planning to do with regular weekly payments after the first month so it is more manageable than paying one lump sum every month, thus decreasing the interest due too.
Really looking forward and excited to be working with these guys over the course of the next few years!
One very satisfied customer!
After calling James and enquiring about the service, the application process was simple and hassle free.
Customer care is second to none and funds were received on the same working day. Cannot fault the service received.
Having read the Iwoca website I was very doubtful if the process could be as easy and painless as described, visions of endless form filling and question after question loomed ahead, just how wrong could I be!!!
Click a few buttons to provide information, a short chat to James and my loan was agreed in a very short space of time. At this time I would strongly recommend Iwoca to any online trader, I am looking forward to a long and profitable business relationship with them.
Robin was quick at responding to my enquiries and the money was made available very quickly so overall, a pleasure doing business.
I think banks should see how iwoca do it and take some advise!
Iwoca have been absolutely great to deal with. The loan application process was simple, quick and clear. I was kept informed and up to date at every stage and all my questions were answered very promptly in a no-nonsense, no-jargon way.
Customer service is excellent - thank you James!
An Iwoca loan is a fantastic way to give your business a push start which is uncomplicated and affordable.
I would recommend Iwoca to anybody wanting to give their business a boost.
it has been a massive help this year. cashflow was a problem due to an online marketplace absolutely crucifying its sellers over the xmas period last year with an ingenious idea, that didnt work. £15000 down in revenue in 2 months nearly saw us go under, but iwoca gave me the cash flow to purchase bargain deals from my suppliers and we have made it through the tough times and are on the up again. thankyou iwoca!!
From the beginning, the guys at Iwoca have been absolutely excellent, the level of customer service has been second to none and it has been a privilege to do business with them. From the start they understood our needs and have been able to support us during this period of growth in our business, Well done guys!!!!
I have used Iwoca three times now and also just used the top up service. I find Iwoca very easy to deal with and have always been treated with respect as a valued customer of theirs.
I would have no hesitation in recommending Iwoca to anybody.
We've used Iwoca three times now, and once we were through the initial setup it has been straightforward from then. Our loan rates have dropped each time, and the amount we have borrowed has gone up each time. The whole team are accessible and easy to deal with on the phone.
If you need short term working capital I wouldn't hesitate to recommend IWOCA.
As our business grew we approached a major UK high street bank to set things on an official footing - however they didn't even want to give us a business ACCOUNT because of the industry we were in (smartphones - hardly very popular, expanding or internationally successful....).
This was not because of poor credit, they simply didn't want to open an account for people trading in our sector so the application wasn't even processed. We weren't looking to borrow money, get an overdraft, not even a cheque book but they flatly refused to look at our application let alone find out about us or take any interest. So much for driving forward the UK economic recovery as they keep saying.
IWOCA on the other hand looked at us entirely differently when it came time to expanding our business. They examined our actual sales and customer performance via feedback on eBay and Amazon and made their decision based on real world example, without writing us off before even talking to us like the bank did.
THIS is how business should be conducted in the 21st century. Do we actually need banks? Our economy certainly doesn't have much to thank their so-called expertise for. Long live IWOCA and their approach. The people I've dealt with at IWOCA have been professional, friendly and efficient. What's more they even seem to care. A big thank you to all.
Are you listening banks?
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