Head to head
Investec 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 Investec offers: corporate banking + asset finance + commercial property. Rate: bespoke. What iwoca offers: flexi-loan / line of credit. Ticket range: £1k to £1m (its own figure). Rate: from 1.5% per 30 days. Investec suits companies turning over more than £25m. iwoca suits working capital you can draw down as you need it. The table below compares typical rate.
Source: FundBiz methodology.
Investec, at a glance
- Product
- Corporate banking + asset finance + commercial property
- FundBiz editorial view
- Best for companies turning over more than £25m
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: Investec · iwoca
| Compared on | Investec | iwoca |
|---|---|---|
| Product type | Corporate banking + asset finance + commercial property | Flexi-loan / line of credit |
| Ticket range | Not published | £1k to £1m (its own figure) |
| Typical rate | Bespoke | 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 |
| Lender lends to limited companies only | Yes | Not stated |
Sources: Investec'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 Investec may fit
- Lending is handled by a relationship banker rather than an online application.
- Suited to larger, bespoke facilities.
- Wider banking platform (deposits, FX, treasury) attached to lending.
- PRA-regulated; FSCS protection on linked accounts.
Best for
Companies turning over more than £25m, Larger, bespoke facilities, Borrowers wanting a banker relationship.
Watch outs
- No published decision time.
- Not self-serve; direct relationship required.
- Works directly with companies turning over more than £25m (its own figure, on its private companies page); smaller firms must go through an intermediary for asset finance.
Lender figures and criteria: Investec's own site; full notes in our Investec 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
Investec or iwoca: which is the better UK business finance provider in 2026?
Neither is better for every business. The 'When Investec 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?
Investec is a poor fit for companies turning over under £25m that want to bank with it directly (smaller firms reach its asset finance through an intermediary). 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 Investec 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 Investec 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.
Send an enquiry →FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.
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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