To help us to lend responsibly, we run credit and identity checks before approving your business for a credit line.

When you first apply, we initially run "soft search" quotation checks which have no impact on your credit score and are not visible to other lenders (you may see them if you view your credit report yourself). We’ll only convert this to a full credit search if you choose to take out an iwoca loan.

Will I qualify if I have poor credit?

Although we look at credit history, we also consider many other factors such as your trading history when making decisions (that's why we sometimes ask for supporting documents) which can put historic issues into perspective. This has allowed us to approve many customers that have a great business but an imperfect credit history.

If you're not sure whether you're likely to get approved, we'd still recommend applying. It's completely free, only takes about five minutes and will not impact your credit score.

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