iwoca Flexi-Loan: Fast, Flexible Funding for UK Businesses

iwoca offers innovative business finance solutions, including the Flexi-Loan, designed to provide UK SMEs with quick access to working capital through a simple, technology-driven process.

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Fast Access to Funds: Apply online in minutes, receive decisions quickly (often within hours), and access funds typically within 24 hours of approval.

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Flexible Borrowing: Borrow from £1,000 up to £500,000 with the Flexi-Loan, designed for working capital needs, stock purchase, or bridging cash flow gaps.

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Pay Only for What You Use: With the Flexi-Loan, draw down funds as needed up to your approved limit and only pay interest on the amount borrowed. Repay early with no fees.

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Simple, Transparent Pricing: Clear interest rates tailored to your business profile, with no hidden fees or complex charges.

iwoca is a prominent European fintech lender focused on providing flexible finance to small and medium-sized businesses. Their flagship product, the Flexi-Loan, is designed to address the short-term working capital needs often unmet by traditional banking products, offering speed, flexibility, and simplicity.

Addressing SME Working Capital Needs

The iwoca Flexi-Loan functions like a credit line, allowing businesses to access funds up to an approved limit (£1,000 to £500,000) whenever needed. This is ideal for managing cash flow fluctuations, purchasing inventory, bridging payment gaps, or seizing short-term opportunities. Unlike traditional term loans, businesses only pay interest on the funds they actually draw down, making it a cost-effective solution for managing variable capital requirements.

Speed and Simplicity via Technology

iwoca leverages technology to offer a fast and streamlined experience. Businesses can apply online in minutes, often by securely linking their business bank accounts or accounting software. This allows iwoca's algorithms to quickly assess creditworthiness and affordability, leading to decisions often made within hours. Approved funds can typically be accessed within 24 hours.

Flexible Repayment Structure

The Flexi-Loan typically has a term of up to 12 or 24 months, but one of its key features is the flexibility in repayment. Businesses can repay the borrowed amount early at any time without incurring any fees or penalties. This allows companies to minimize interest costs if their cash flow improves sooner than expected.

Additional Features:

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Top-Ups Available: Businesses with an existing Flexi-Loan can often apply for top-ups if they need additional funds, subject to reassessment.

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Transparent Pricing: iwoca provides clear, upfront information about interest rates (tailored to the business) and any applicable fees. There are no hidden charges.

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Dedicated Account Management: Businesses often have access to a dedicated account manager for support and assistance throughout the relationship.

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Integration Capabilities: Ability to link with major accounting software and business bank accounts streamlines the application and monitoring process.

Streamlined Application for Businesses

The application process is designed for busy SMEs:

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Quick Online Form: Complete the application online in minutes, providing basic business details and funding needs.

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Secure Data Linking: Option to securely link business bank accounts or accounting software (like Xero, QuickBooks) for faster assessment. Alternatively, upload bank statements and accounts.

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Rapid Decision & Offer: iwoca's technology allows for fast credit decisions, often within hours. Approved businesses receive a clear offer detailing the credit limit, interest rate, and terms.

Supporting SME Agility

iwoca positions itself as a partner for SMEs needing agile financial support. The Flexi-Loan is particularly suited for businesses with fluctuating working capital needs, seasonal variations, or those needing quick funds to capitalize on opportunities. Its structure provides more flexibility than a traditional fixed-term loan.

For UK SMEs seeking fast, flexible, and transparent short-to-medium term financing, especially for working capital, iwoca's Flexi-Loan offers a strong fintech alternative to traditional bank overdrafts or loans.