You can apply for a business loan directly in the app. We've partnered with small business lender iwoca to make borrowing simple when you need a boost.
To get started, tap the profile icon on your home screen and select Business loan. You'll just need to tell us how much you want to borrow, what the loan is for, and how long you'd like to pay it back. 💸
What to expect
If you decide to explore a loan with iwoca, here is what they offer:
Borrow from £1 to £400,000.
Repay over 1 day to 2 years.
No early repayment fees.
Applying won't affect your credit score.
Who can apply?
Currently, these loans are only available to limited companies. To be eligible, your business must:
Be a limited company with an active status at Companies House (and no overdue documents).
Be at least 3 months old.
Have a turnover of at least £10,000 in the last 12 months and be profitable.
Finishing your application
Once you fill in those quick details in the app, you'll receive an email from iwoca. If you're happy with your offer, just follow the link in their email to set a password, log in to your new iwoca account, and finish your application. 🔐
Important information to know
By applying for a loan through the app, you agree to share your personal and business information with iwoca, as explained in our privacy policy.
As part of their process, iwoca will:
Run a soft credit check (this won't affect your credit score).
Carry out ID and fraud prevention checks. If they spot anything concerning, it could affect your access to credit or services in the future.
Share your information with credit reference and fraud prevention agencies.
You can read iwoca’s full privacy policy on their website.
Note: If you take out a loan, we may receive a commission from iwoca. We cannot give you financial advice; we simply provide this feature to make it easier for you to explore your funding options.