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.
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