Explore additional funding and banking solutions

An iwoca loan may not be the best fit for you right now, but there are still plenty of ways to manage your finances and grow your business – whether you’re exploring alternative funding options, opening a business bank account, or working to improve your credit score.

Financial tools tailored to sole traders

Alternative business loan provider
Nationwide Finance logo

Nationwide Finance

Nationwide Finance has been helping businesses for over 20 years, approving over £3 billion in startup loans.

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

  • Loans available from £6,000 to £10 million. 

  • Receive funds in as little as 24 hours. 

Alternative loan providers

Alternative loan providers

As a sole trader, accessing funding can sometimes feel like a challenge. With its flexible eligibility criteria and secured finance options, Nationwide Finance helps over 50,000 clients per year secure the funds they need.

Loans must be repaid with interest, so it’s crucial to ensure affordability before committing.

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.

Essential resources

Free information to support your business journey

Business plans

What is a business plan?

A business plan helps you to lay out your vision for the business, including what you want to achieve over the coming years and how you plan to get there.

Funding sources

Where can I get funding?

If you're looking to grow an existing business, you’re likely to need a cash injection at some point to help cover the cost of your plans.

Business credit score

What is a business credit score?

Find out how to check your business credit score and the steps you can take to improve it.