Head to head
Capify vs iwoca: Which UK Business Finance Provider in 2026?
Side by side: what each lender offers UK limited companies and LLPs, and what each one publishes.
Free · 2 mins
Start here · What do you need?
What Capify offers: short-term business loans and supplier invoice payment. Ticket range: £10k to £3m. Rate: factor rate set by risk (not published). What iwoca offers: flexi-loan / line of credit. Ticket range: £1k to £1m (its own figure). Rate: from 1.5% per 30 days. Capify suits UK businesses trading 12+ months with £10,000+ monthly turnover that need short-term funds quickly. iwoca suits working capital and cash-flow-gap files needing flexible draw-down. The table below compares ticket range, typical rate, decision time and soft search at quote.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Capify, at a glance
- Product
- Short-term business loans and supplier invoice payment
- FundBiz editorial view
- Best for UK businesses trading 12+ months with £10,000+ monthly turnover that need short-term funds quickly
iwoca, at a glance
- Product
- Flexi-loan / line of credit
- FundBiz editorial view
- Best for working capital and cash-flow-gap files needing flexible draw-down
Side-by-side
| Compared on | Capify | iwoca |
|---|---|---|
| Product type | Short-term business loans and supplier invoice payment | Flexi-loan / line of credit |
| Ticket range | £10k to £3m | £1k to £1m (its own figure) |
| Typical rate | Factor rate set by risk (not published) | From 1.5% per 30 days |
| Decision time | Decision in minutes; same-day funding on unsecured loans, 24 to 48 hours on secured (its own figures) | Decision within 24 hours in almost all cases (its own figure) |
| Lender's own soft search at quote | Yes, says the lender | Yes, says the lender |
Sources: Capify's own site · iwoca's own site. Figures change; confirm with the lender before you rely on one.
FundBiz enquiries are for limited companies, LLPs and partnerships with four or more partners. Some lenders on this page also accept other business types; we do not arrange those and do not recommend a lender on that basis.
When Capify may fit
- Daily or weekly repayments over short terms, which can suit businesses that want the debt cleared quickly.
- More accommodating on credit history than mainstream term-loan lenders, which can help businesses declined by Funding Circle.
- Funding from the same day to 48 hours on Capify's own figures, which matters for HMRC pressure and supplier-pay deadlines.
- Checking eligibility doesn't affect your credit score, according to Capify.
Best for
UK businesses trading 12+ months with £10,000+ monthly turnover that need short-term funds quickly, Post-decline cases where mainstream term lenders blocked on credit history.
Watch outs
- Factor rate disguises true APR, so work out the all-in cost before signing.
- Needs 12+ months of trading and £10,000+ monthly turnover, so younger or smaller businesses fall outside its criteria.
- Daily or weekly repayments can pinch cashflow for seasonal businesses, so consider a Funding Circle term loan if monthly is essential.
Lender figures and criteria: Capify's own site; full notes in our Capify review.
When iwoca may fit
- iwoca says almost all applicants get a decision within 24 hours.
- Flexi-loan structure means the applicant only pays interest on what they draw, useful for cash-flow-gap files.
- iwoca says it only runs soft credit checks when you apply, so applying does not affect your credit score.
- Lends to businesses trading under a year, up to £10,000, per iwoca.
Best for
Working capital and cash-flow-gap files needing flexible draw-down, Newer Ltd companies trading 12 to 24 months, Borrowers who want a lender soft search and a decision within 24 hours.
Watch outs
- A per-30-day rate looks low but adds up (iwoca's own example shows 3.33% per 30 days as 49% APR representative), so compare the APR before borrowing.
- iwoca says you can borrow up to 20% of turnover, so a larger loan may need a different lender.
- Personal guarantee required.
Lender figures and criteria: iwoca's own site; full notes in our iwoca review.
FAQ
Capify or iwoca: which is the better UK business finance provider in 2026?
Neither is better for every business. The 'When Capify may fit' and 'When iwoca may fit' sections above say who each one suits, and the side-by-side table shows what each lender publishes. Check each lender's own criteria before you apply.
Which is weakest for what?
Capify is a poor fit for businesses trading under 12 months, consider Start Up Loans Company or a revenue-based finance provider. iwoca is a poor fit for fixed-term project finance, consider Funding Circle or Allica. If either of those describes your business, look at the side-by-side table for the alternative, or read our other lender reviews.
Can FundBiz help with Capify or iwoca?
FundBiz is not a lender and is independent of both. This comparison and our lender reviews are editorial research to help you decide which to approach. FundBiz doesn't pass your enquiry to either lender. If you send an enquiry through FundBiz, we pass it to one of the finance partners we work with, who will contact you about your options.
Who can send an enquiry through FundBiz?
The FundBiz enquiry form is for limited companies, LLPs and partnerships with four or more partners. Eligibility for Capify and iwoca is set by each lender, and trading history requirements vary, so check each lender's own criteria.
How we ranked these lenders
Every lender is scored on the same four FundBiz criteria: pricing transparency, eligibility clarity, decision speed and treatment of declined applicants. Scores are our own desk-research assessment built from the FCA Register, Companies House filings and each lender's published product sheets, not customer reviews and not hands-on product testing. Each comparison shows the date it was last updated. Inclusion is never paid for, and FundBiz receives no commission from lenders. FundBiz is paid a fixed fee by one of the finance partners we work with for each enquiry we pass on. See our full methodology.
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