Alternatives to iwoca
4 UK specialty finance alternatives to iwoca, compared on product type, ticket band, rate, decision time and eligibility.
iwoca vs the 4 alternatives
| iwoca | Funding Circle | Capify | Liberis | Allica Bank | |
|---|---|---|---|---|---|
| Product | Flexi-loan / line of credit | Term loan | Merchant cash advance + term loan | Merchant cash advance and BNPL for SMBs | SME term loan + commercial mortgage |
| Ticket | £1k to £500k | £10k to £500k | £3.5k to £500k | £1k to £1m | £150k to £5m |
| Rate | From 2% per month | 6.9% to 26.9% APR | Factor rate 1.15 to 1.45 | Factor rate 1.10 to 1.40 | From 7.99% APR |
| Decision | Same day to 24 hours | 1 to 3 business days | Same day | Same day to 48 hours | 5 to 10 business days |
| Soft search | Yes | Yes | Yes | Yes | No |
| Rating | 4.4 | 4.3 | 4.0 | 4.0 | 4.4 |
Funding Circle
1 to 3 business days · 6.9% to 26.9% APRPanel anchor for unsecured term loans between £10k and £500k. We route established Ltd companies with 2+ years trading and clean credit here first when the applicant wants a fixed-repayment term loan rather than a flexi
Capify
Same day · Factor rate 1.15 to 1.45Panel MCA specialist we route to for hospitality, retail and salon Ltds with strong card-machine flow, including post-decline files where credit history blocks a Funding Circle or iwoca term loan. Comfortable with sub-12
Liberis
Same day to 48 hours · Factor rate 1.10 to 1.40Panel embedded-finance specialist we route to when the applicant already has a relationship with a partner platform (Worldpay, Barclaycard, Klarna, Sage). The application is often pre-approved through that platform rathe
Allica Bank
5 to 10 business days · From 7.99% APRPanel challenger bank we route to for £150k to £5m term-loan and commercial mortgage applicants. We send established Ltd companies here when the deal is in the band the high street has abandoned and the applicant wants r
Frequently asked questions
What are the main alternatives to iwoca?
The closest UK specialty finance alternatives are Funding Circle, Capify, Liberis and Allica Bank. Each is compared above on product type, ticket band, typical rate, decision time and eligibility so you can match a lender to your deal size and trading profile.
How does iwoca compare on ticket size and rate?
iwoca offers flexi-loan / line of credit from £1k to £500k at a typical From 2% per month. The alternatives in the table span different ticket bands and rate ranges, so the right fit depends on how much you need and your trading profile.
How quickly does iwoca make a decision?
iwoca typically reaches a decision in Same day to 24 hours. Decision times for the alternatives are listed in the comparison table; faster is not always cheaper, so weigh speed against rate and ticket fit.
Does iwoca do a soft-search quote?
iwoca runs a soft-search quote, so checking eligibility leaves no mark on your credit file. Among the alternatives, Funding Circle, Capify, Liberis offer a soft-search quote.
Check eligibility for our specialty panel
Limited companies, LLPs and partnerships of 4+ only. Specialty UK finance for MCA, asset finance, commercial mortgage, bridging, VAT and post-decline.
Check eligibility →Last reviewed: 2026-05-10. Editorial by Oliver Mackman.