Head to head
Haydock Finance 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 Haydock Finance offers: asset finance (hire purchase and lease). What iwoca offers: flexi-loan / line of credit. Ticket range: £1k to £1m (its own figure). Rate: from 1.5% per 30 days. Haydock Finance suits hard-asset HP and lease. iwoca suits working capital you can draw down as you need it. Neither publishes enough to compare like for like; the table shows what each one does publish, so ask both directly.
Source: FundBiz methodology.
Haydock Finance, at a glance
- Product
- Asset finance (hire purchase and lease)
- FundBiz editorial view
- Best for hard-asset HP and lease
iwoca, at a glance
- Product
- Flexi-loan / line of credit
- FundBiz editorial view
- Best for working capital you can draw down as you need it
Side-by-side
Full profiles: Haydock Finance · iwoca
| Compared on | Haydock Finance | iwoca |
|---|---|---|
| Product type | Asset finance (hire purchase and lease) | Flexi-loan / line of credit |
| Ticket range | Not published | £1k to £1m (its own figure) |
| Typical rate | Quoted at offer | From 1.5% per 30 days |
| Decision time | Not published | Many customers get an instant decision; larger loans within 24 hours (its own figures) |
| Lender's own soft search at quote | Not published | Yes, says the lender |
Sources: Haydock Finance'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 Haydock Finance may fit
- More than 40 years in asset finance, on its own site.
- Strong on hard assets: HGV, plant, manufacturing, agriculture.
- Offers refinance, which releases cash from assets the business already owns.
- Completed its fourth public securitisation in July 2026, according to its own news page, which adds funding capacity.
Best for
Hard-asset HP and lease, Asset refinance for cash release, Sub-prime to prime asset deals.
Watch outs
- No published rates; pricing comes through intermediaries.
- No retail unsecured business loans.
- Direct applicants typically routed to intermediary channel.
Lender figures and criteria: Haydock Finance's own site; full notes in our Haydock Finance 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 you can draw down as you need it, Limited companies and LLPs, including new ones (loans capped at £10,000 in the first year of trading), 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
Haydock Finance or iwoca: which is the better UK business finance provider in 2026?
Neither is better for every business. The 'When Haydock Finance 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?
Haydock Finance is a poor fit for pure unsecured working capital. 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 Haydock Finance 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. If you send an enquiry and ask for funding options, we may pass your details to one of the finance partners we work with, and that can include a lender reviewed on this site.
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 Haydock Finance 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. We may be paid by the finance partners we introduce you to. This could be a fixed fee or commission, depending on the partner and the finance arranged. It does not change what you pay. See our full methodology.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. It's free and there's no obligation. For limited companies, LLPs and partnerships with four or more partners.
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Founder & Managing Director, Muswell Rose, FundBiz
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind FundBiz. His background runs through commercial finance, mortgages and fintech, including as managing director of an invoice finance business. He oversees FundBiz's guides and lender reviews.
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