Teya to offer SMEs Flexi-Loans from iowoca
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This partnership will bring iwoca's Flexi-Loan to thousands more business owners, seamlessly integrated into Teya's digital platforms.
Fast and flexible finance
Teya customers can now apply for iwoca's Flexi-Loan directly within their Teya app or web portal, unlocking sums from £1,000 to £1 million, with flexible terms from just 1 day up to 60 months. The application is 100% paperless, with zero early repayment fees, and approved funds typically land within minutes.
As demand for speedy, hassle-free finance accelerates, iwoca's SME Expert Index reveals that 73% of SME finance brokers say faster decisions are their clients' top priority. iwoca's digital lending at scale enables UK businesses to access working capital without the red tape.
Surging SME demand for finance
This collaboration launches at a crucial moment: iwoca's SME Expert Index also shows that 76% of UK finance brokers predict that small and medium-sized businesses' demand for finance will rise in the coming months. iwoca and Teya are rising to this challenge, embedding ultra-fast, flexible lending directly into everyday business finances — helping close the funding gap and empowering entrepreneurs across the nation.
'This partnership is another step in our journey to build truly useful financial services for small businesses,' said Siddhartha Ram, Product Director at Teya. 'Whether it's payments, accounts or funding - our aim is to give business owners the tools they need to thrive, with none of the complexity.'
Colin Goldstein, Chief Commercial Officer at iwoca, added: 'Teya shares our belief that small businesses should have quick and uncomplicated access to the finance they need to grow. Working together, we can reach even more business owners and ensure that capital is available when and where it's needed most.'
The Flexi-Loan is available now to eligible Teya customers across the UK.
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