Head to head
Got Capital vs iwoca: Which UK Business Finance Provider in 2026?
Independent, side by side. Rate, ticket band, decision speed and eligibility compared for UK limited companies and LLPs.
Start here · What do you need?
iwoca is the stronger all-round pick in our reviews, but Got Capital wins on specific files. iwoca offers flexi-loan / line of credit (ticket range: £1k to £1m; rate: From 1.5% per 30 days); Got Capital offers revenue-based business funding advance (ticket range: £2k to £300k; rate: Factor fee, quoted at offer). The right answer depends on ticket size, trading history and sector. Got Capital beats iwoca for £5k+ monthly revenue businesses. Read the side-by-side, then jump to the "When iwoca wins" and "When Got Capital wins" sections for the buyer-fit logic.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Got Capital, at a glance
- Product
- Revenue-based business funding advance
- Ticket range
- £2k to £300k
- Typical rate
- Factor fee, quoted at offer
- Decision time
- Funding in as little as 1 to 24 hours after approval
- FundBiz editorial view
- Wins on specific files; best for £5k+ monthly revenue businesses
iwoca, at a glance
- Product
- Flexi-loan / line of credit
- Ticket range
- £1k to £1m
- Typical rate
- From 1.5% per 30 days
- Decision time
- Same day to 24 hours
- FundBiz editorial view
- Stronger all-round; best for working capital and cash-flow-gap files needing flexible draw-down
Side-by-side
Full profiles: Got Capital · iwoca
| Compared on | Got Capital | iwoca |
|---|---|---|
| Product type | Revenue-based business funding advance | Flexi-loan / line of credit |
| Ticket range | £2k to £300k | £1k to £1m |
| Typical rate | Factor fee, quoted at offer | From 1.5% per 30 days |
| Decision time | Funding in as little as 1 to 24 hours after approval | Same day to 24 hours |
| Soft search at quote | Yes | Yes |
| Ltd-only? | No | No |
Sources: Got Capital'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 Got Capital wins
- No personal guarantee in the standard advance structure.
- Three-month minimum trading bar, useful for newer businesses.
- Rated Excellent on Trustpilot: 4.6 out of 5 from 689 reviews (Trustpilot, checked 23 September 2026).
Best for
£5k+ monthly revenue businesses, Recently-trading SMEs (3 months+).
Watch outs
- Factor-fee quoting hides effective APR.
- Decisions tied to revenue history, not balance-sheet strength.
- Got Capital prefers 12 months of trading for advances above £100k.
When iwoca wins
- Same-day decisions for most applicants, which keeps the quote-to-funding window short.
- 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.
- Comfortable with sub-2-year trading and lighter credit profiles where Funding Circle declines.
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 same-day decision.
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.
- Borrowing is capped at up to 20% of turnover, so larger clean files may suit Funding Circle or OakNorth better.
- Personal guarantee required.
FAQ
Got Capital or iwoca: which is the better UK business finance provider in 2026?
iwoca is our stronger all-round pick in our reviews, but the right answer depends on what your file looks like. Got Capital is the stronger pick for £5k+ monthly revenue businesses, while iwoca is the stronger pick for working capital and cash-flow-gap files needing flexible draw-down. If your file sits in one of those buckets, pick the right fit rather than the headline. See our /methodology/ for how we assess each lender.
What does each product look like, Got Capital vs iwoca?
Got Capital offers revenue-based business funding advance (ticket range: £2k to £300k; rate: Factor fee, quoted at offer; decision time: Funding in as little as 1 to 24 hours after approval). iwoca offers flexi-loan / line of credit (ticket range: £1k to £1m; rate: From 1.5% per 30 days; decision time: Same day to 24 hours). Got Capital uses a soft search at quote. iwoca uses a soft search at quote. Verify live commercials before signing because lender pricing moves and bespoke rates are common above £100k tickets.
Which is weakest for what?
Got Capital is the wrong answer for borrowers wanting fixed-term predictable APR. iwoca is the wrong answer for fixed-term project finance, consider Funding Circle or Allica. If either of those describes your file, look at the side-by-side table for the alternative, or read our other lender reviews.
Can FundBiz help with Got Capital 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 send enquiries to lenders. If you send an enquiry through FundBiz, we pass it to a business finance broker, 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 Got Capital and iwoca is set by each lender, and trading history requirements vary, so check each lender's own criteria.
Related comparisons
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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 a business finance broker for each enquiry we pass on. See our full methodology.
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Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. 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. Last updated: . Editorial by Best Business Loans Ltd (16833937).