Fast and flexiblebusiness funding

Eligibility is based on your Teya card processing history — ideally 3+ months of steady transactions and £1,000+ monthly volume.

A Cash Advance gives you money upfront against your future card sales, and you pay it back as a share of what you take each day. The Flexi Loan is a revolving credit line from iwoca: draw what you need, pay interest only on what you've drawn, and repay in fixed monthly instalments. Cash Advance suits variable sales; the Flexi Loan suits steady, planned cash flow.

From £1,000 up to £500,000 with a Cash Advance, or up to £1,000,000 with a Flexi Loan from iwoca, depending on your history and the product that fits you.

It depends on the product. With a Cash Advance there's no fixed schedule – you pay a set share of your daily card sales, so payments rise and fall with how you trade. The Flexi Loan has fixed monthly instalments by Direct Debit. Eligibility for each depends on your trading history, so the options you're offered may vary.

Yes, you can settle at any time with no early settlement fees.

With a Cash Advance, payments reduce on slower days because they're a share of your card sales (a 3% monthly minimum applies). The Flexi Loan works differently – your fixed monthly instalment stays the same whether trade is up or down.

It's a credit line you can dip into like an overdraft. Draw funds when you need them, pay interest only on what you draw, then repay and draw again. There are no setup fees and no early repayment fees, and checking your eligibility won't affect your credit score.

iwoca collects fixed monthly repayments from a saved card, usually over 12 to 24 months. Interest is worked out daily on the amount you've drawn, starting from around 1% a month, and you can settle the full balance early with no penalty.

It's open to UK-based limited companies, including startups, with a director who has a UK credit file, across all sectors. iwoca makes the final decision, and you can apply even if you already have an active Teya Cash Advance.

Teya isn't the lender – funding is provided by our partners, and Teya arranges and services it. Cash Advance is provided by Liberis and YouLend, and the Flexi Loan is provided by iwoca. Between them, our partners have funded over 500,000 businesses and more than £10B in financing.