Bionic Point Part of Bionic

4ED4A980-1367-4548-9284-3CBE142D6E3E Created with sketchtool. iwoca

iwoca offers credit to SMEs across Europe allowing them to grow their businesses and meet cashflow requirements.

They offer a revolving credit facility that can be used to meet the cashflow needs so small businesses as and when they arise, making it one of the most flexible facilities on the market.

You only pay for the facility when you use it so it is fair, affordable, and transparent.

You will have a dedicated account manager who is always on hand to help you throughout your lifetime as an iwoca customer.

4ED4A980-1367-4548-9284-3CBE142D6E3E Created with sketchtool. Criteria

  • Think BulbMinimum Turnover: £12,000 per annum (for a £1k facility)
  • Think BulbYears/Months Trading: Any - we can consider from start up to well established
  • Think BulbLoan Amount Spectrum: £1,000 - £150,000 (up to one month's turnover)
  • Think BulbLoan Terms: 12 month revolving credit facility and a, 6 - 36 month term loan
  • Think BulbFees: None to client (5% arrangement fee for 36-month term loan)
  • Think BulbInterest Rate Pricing (Monthly/Yearly): 2-5.9% monthly for RCF, (1.1-4% term loan)

4ED4A980-1367-4548-9284-3CBE142D6E3E Created with sketchtool. Documents Required

  • Think Bulb£0-£10,000 - 3 Months Bank Statements & Filed Accounts
  • Think Bulb£11,000-£20,000 - 3 Months Bank Statements, Latest VAT Statements & Filed Accounts
  • Think Bulb£21,000-£40,000 - 6 Months Bank Statements, Latest VAT statements & Filed Accounts
  • Think Bulb£41,000-£150,000 - 6 Months Bank Statements, Latest VAT Statements, Aged Debtor Book & Filed Accounts

4ED4A980-1367-4548-9284-3CBE142D6E3E Created with sketchtool. Start your journey

Click the link below to see what's available to your business

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If you would rather talk to someone, you can call us on 0203 880 9880