Need some extra cash to accelerate the growth of your business? Want to soften your liquidity with a financial cushion? Our exciting new partnership provides the solutions for these needs with ideal rates.
We’ve teamed up with finance and loan company iwoca to offer loans specifically tailored to the needs of small businesses and the self-employed.
iwoca’s corporate financing is fast and flexible:
Unlike with traditional banks, you won’t suffer any lengthy negotiation periods or administrative hurdles when applying for a loan with Qonto and our partnered finance and loan company.
Complete and submit your application in a few minutes. You can do all of this online.
Once you’ve got your documents ready (depending on the size of your loan), you can upload them straight into the iwoca portal. For loans of up to €15,000, you’ll need only to provide your bank statements. Loans exceeding that require your most recent monthly business management evaluation (BWA) and your list of current totals and account balances (SuSa).
Adapt our offer to your needs: early or additional payments are possible at any time, free of charge.
You’re also able to top up your credit, once you’ve repaid or haven’t used 30% of the original loan.
We’re proud to provide for you a simple and fast way to access your credit. Because you can manage your company’s finances with Qonto, you no longer need a separate account for your loans—no need to transfer money between accounts anymore.
Apply for a loan directly from your Qonto account and you’ll receive a response from iwoca in a few hours.
To make things easier and save you time, we’ve already examined and factored in iwoca’s requirements. What this means for you is, if your company is eligible for this financing offer, you can submit your credit request directly in the Qonto app.
Clicking on the dedicated iwoca area will take you to their platform. Here, you’ll be asked to describe your business and project for the loan and to enter your desired amount and payment term.
Loan simulator
If you want to determine your ideal repayment terms, you can enter the loan amount and term into a simulator. This will allow you to view and adjust the total cost of your loan.
To take advantage of the offer, you will need to meet the following criteria:
iwoca will then check your information and if your proposed project meets the criteria for loans, you will receive a conditional offer.
Once you accept this offer, iwoca will do a final eligibility check and in 24 hours you will receive their decision.
If your business does not currently meet the criteria, finance and loan company iwoca can reassess your situation in 2 months!
