Explore other funding options

An iwoca loan may not be the best fit for you right now, but there are several other ways to access the funds your business needs.

Other ways to support your business


Alternative business loan provider
Nationwide Finance logo

Nationwide Finance

Nationwide Finance offers loans from £6,000 to £10 million.

  • Get a free instant decision with no impact on your credit score.

  • Access funding quickly, with startup loans available in just 24 hours.

  • Join over 50,000 clients who have already benefited from their flexible lending solutions.

Alternative loan providers

Alternative loan providers

If your annual business turnover is under £10,000, you may not meet the eligibility criteria for some providers. But that doesn’t mean a loan is out of the question.

Other lenders have different eligibility criteria, and you may still be able to access the funding you need from them.

Loans must be repaid with interest, so it’s important to confirm you can afford repayments before committing.

Business credit card top pick
Capital on Tap Logo

The Capital on Tap Business Credit Card is an excellent option for small businesses seeking credit.

The Capital on Tap Business Credit Card is an excellent option for small businesses seeking credit.

  • Earn cashback on all card spend. 2.25% cashback for the first 3 months, then unlimited 1% thereafter. 

  • Enjoy no monthly, annual, foreign exchange, or ATM fees. 

  • Get a decision online in just two minutes and start spending immediately with virtual cards while waiting for your physical card to arrive.

Business credit cards

Business credit cards

Even if you can't take out a loan right now you might still be eligible for a business credit card as the eligibility requirements can be different.

If you’re looking for a flexible way to manage cash flow, a business credit card might be the right choice.

However, be mindful of interest rates if you’re unable to pay off your balance in full each month.

Credit limits may vary depending on your business’s financial history.

Asset finance top pick
Think Business Logo

Compare asset finance options with Think Business Loans to spread the cost of a new purchase or release cash from commercial assets you already own.

Compare asset finance options with Think Business Loans to spread the cost of a new purchase or release cash from commercial assets you already own.

Think Business Loans has secured more than £450 million in funding for UK businesses.

Asset finance

Asset finance

If you need to purchase equipment, vehicles, or machinery, asset finance could help you spread the cost over time.

Asset finance is a type of loan that’s secured against the item being purchased. This allows you to access the tools your business needs without making a large upfront investment.

  • Ideal for acquiring high-value assets without impacting cash flow.

  • Repay in manageable instalments.

What if none of these options work?

If the options we’ve outlined don’t seem like the right fit for your business, don’t worry – there are still plenty of ways to secure funding. Government grants can provide valuable support, particularly for businesses working on innovative projects or contributing to key industries like sustainability or technology. Similarly, angel investors might be worth exploring if your business has strong growth potential and a compelling story to share. 

Improving your credit profile is another vital step to consider as it can open up a broader range of funding options. By demonstrating financial reliability, your business may become eligible for better rates, more flexible terms, and alternative funding solutions.