London-based business lender iwoca has secured a £250m debt facility to expand its SME lending capacity.
The facility follows a period of growth in iwoca’s lending activity, with the amount of money provided to small businesses jumping 60% between 2024 and last year.
The new facility comes amid a surge in demand for mid-sized business loans across the UK. According to data from iwoca’s latest SME Expert Index, loans valued between £50,000 and £100,000 accounted for 42% of all applications in Q1 2026, up from 27% during the same period in 2025.
In 2025, iwoca issued 58,000 loans worth over £1.3bn.
“We’re proud to have now grown to a size where we make a material impact on thousands of SMEs and their communities every month,” said Romain Guilleminet, head of capital markets at Iwoca.
“This facility means we can offer more businesses the kind of support they’re looking for, backed by some of the best institutional partners in the market.
According to iwoca, the facility came from Waterfall Asset Management alongside an unnamed “leading UK bank”.
“We are excited to extend our funding relationship with iwoca through this new facility, unlocking further lending capacity for UK SMEs that are chronically underserved by traditional lenders,” said James Cuby, partner and head of Europe at Waterfall Asset Management.
“iwoca has been able to deliver growth consistently year after year, whilst maintaining strong credit performance and expanding its product offering for its client base.”
