Referring a business is pretty straightforward - there are two ways to do it:
- Send a business our way using this link - https://www.iwoca.co.uk/?utm_source=referral - and ask them to give your name and business name to their Account Manager before they take out their loan.
- If you prefer, give us their details and we’ll get in touch with them for you.
We help all kinds of small businesses with loans from £1,000 to £250,000. Borrow for just one day or up to five years.
What’s in it for them?
They’ll then get their first 30 days with us interest-free.
What’s in it for you?
We believe you should always reap rewards for your own work, so we’ll give you 2% of the value of the first loan they take for introducing us.
Here is what that looks like for different amounts:
£10,000 borrowed = £200
£50,000 borrowed = £1,000
£200,000 borrowed = £4,000
Just so you know...
At the moment the scheme only applies if you refer a limited company or LLP. We will send the bonus to your business bank account 30 days after the business you refer takes a loan with us. However, if the loan is repaid in full within the first 30 days, you won’t be eligible for a referral bonus.
It will appear in your account with the reference ‘iwoca referral bonus’ and we will contact you via email to let you know it’s on its way.
The terms of our referral scheme can change. We’ll always keep this article up to date.
If you have any questions, send us a message by clicking the icon at the bottom right of your screen or ask your account manager.