Got Capital vs iwoca: Which UK Business Loan Provider in 2026?
iwoca edges this matchup in our 2026 UK review, scoring 4.4 of 5 against Got Capital on 4.2. iwoca runs a flexi-loan / line of credit at From 2% per month with decisions in same day to 24 hours; Got Capital runs a revenue-based business funding advance at Factor fee, quoted at offer. That said, the headline rating is not the whole answer: Got Capital beats iwoca for sole traders and partnerships needing fast cash. Read the side-by-side, then jump to the "when X wins" sections for the buyer-fit logic.
Director, BestBusinessLoans
Oliver leads BestBusinessLoans's editorial reviews and methodology. With a background in UK commercial finance, he oversees lender research, rate verification and review independence.
Last reviewed: 8 May 2026
Side-by-side
| Got Capital | iwoca | |
|---|---|---|
| Product type | Revenue-based business funding advance | Flexi-loan / line of credit |
| Founded | 2014 | 2011 |
| Ticket range | £2k to £300k | £1k to £500k |
| Typical rate | Factor fee, quoted at offer | From 2% per month |
| Decision time | Same day to 48 hours | Same day to 24 hours |
| Soft search at quote | Yes | Yes |
| Limited companies only | No | No |
| FCA regulated | No | Yes |
| Companies House | 09073214 | 07798925 |
| Best for | Sole traders and partnerships needing fast cash; £5k+ monthly revenue businesses; Recently-trading SMEs (3 months+) | Working capital and cash-flow gaps; Newer Ltd companies (12 months+); Flexible draw-down |
| Overall rating | 4.2 / 5 | 4.4 / 5 |
| Last reviewed | 2026-05-08 | 2026-04-26 |
When Got Capital wins
- Accepts every UK business structure including sole traders.
- No personal guarantee in the standard advance structure.
- Three-month minimum trading bar, useful for newer businesses.
- Strong Trustpilot record vs category peers.
Best for
Sole traders and partnerships needing fast cash, £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.
- £100k+ advances require 12 months trading.
When iwoca wins
- Same-day decisions for most applicants.
- Flexi-loan: only pay interest on what you draw.
- Soft-search at quote.
- Strong for sub-2-year trading and lighter credit profiles.
Best for
Working capital and cash-flow gaps, Newer Ltd companies (12 months+), Flexible draw-down.
Watch outs
- Per-month rate looks low but compounds; effective APR is materially higher than the headline.
- Lower max ticket than Funding Circle for top-tier borrowers.
- Personal guarantee required.
FAQ
Got Capital or iwoca: which is the better UK business loan in 2026?
iwoca scores higher overall in our 2026 review at 4.4 of 5 versus 4.2 for Got Capital. That said, the right answer depends on what you trade and what you need. Got Capital is the stronger pick for sole traders and partnerships needing fast cash, while iwoca is the stronger pick for working capital and cash-flow gaps. If your business sits inside one of those use cases, ignore the headline rating and pick for fit.
What rates and ticket bands do Got Capital and iwoca offer?
Got Capital runs a revenue-based business funding advance with tickets of £2k to £300k at Factor fee, quoted at offer. iwoca runs a flexi-loan / line of credit with tickets of £1k to £500k at From 2% per month. Decision time on Got Capital is same day to 48 hours; on iwoca it is same day to 24 hours. Headline rates rarely match the offered rate, so verify on the lender site before committing, and assume bespoke pricing above £100k where the data allows it.
Eligibility: Got Capital vs iwoca, who qualifies?
Got Capital is soft-search at quote stage (no credit-file footprint) and accepts sole traders and partnerships as well as Ltd companies. iwoca is soft-search at quote and accepts sole traders and partnerships as well as Ltd companies. Got Capital is not directly FCA regulated; iwoca is FCA regulated.
Which is the wrong answer 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. If either of those describes your business, look at the side-by-side table for the alternative, or get a quote from our UK lender panel and we will surface the right shortlist.
Can BestBusinessLoans help me choose between Got Capital and iwoca?
Yes. Our reviews are editorial; we run a UK lender panel via our /get-quotes/ form that includes both. Tell us monthly turnover, sector and what you need the money for. We match you against the lenders most likely to approve and beat your current cost, then route the application without affecting your credit file at quote stage.
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Get quotes →Reviewed by Oliver Mackman, Director. Last reviewed: 2026-05-08. Editorial by Best Business Loans Ltd (16833937).