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A Simple Guide to Fleximize

Do your clients need answers fast? Here's a short but sweet introduction to Fleximize

Whether you’re a broker, an accountant or a financial adviser, your clients will expect you to find the best possible solutions for their business.

However, if there’s one thing a business owner is always short of (besides money), it’s time. Therefore, when a client tells you they need a business loan, they’ll expect you to source the quotes quickly, and have answers to all of the important questions.

To make your life a little bit easier, we’ve compiled some suggested answers to the questions your clients might have about Fleximize. Hopefully they’ll prove helpful when you need to convince a client that Fleximize is the right lender for them.

Fleximize? Who are they?

Fleximize is an innovative alternative business lender, which offers loans of up to £500,000 to businesses that have been trading for at least six months. Their application process is very fast, and they can approve funding within 24 hours, with money released upon receipt of signed agreements.

What loans do they offer, and on what terms?

Fleximize offers unsecured business loans of up to £250,000, repayable over a term of one month to 24 months. It also offers secured business loans of up to £500,000, repayable over a term of one month to 48 months.

Fleximize’s unsecured loans come with two repayment options: a traditional fixed-term repayment plan, and a revenue advance, which lets companies share a percentage of their monthly revenue with Fleximize until all funds are paid off. Fleximize’s secured loans are only available on a fixed-term repayment plan.

Why should I take a loan with Fleximize?

Fleximize’s business loans come with top-ups and repayment holidays as standard, and they don’t charge for early repayment. They offer competitive interest rates, starting from 1.5% per month. Subject to meeting their lending criteria, Fleximize will typically approve a loan within 24 hours of receiving a full application, far less time than it can take to organize a meeting with the bank.

Unlike the banks, Fleximize will also consider lending to businesses that have a less than perfect credit history. If your business is generating a good amount of revenue every month and has a recent record of repaying debt on time, they’ll happily consider you for funding.

I’m sold. What do you need from me?

Once I’ve confirmed that you’re eligible for a Fleximize loan, I’ll be able to submit a full application on your behalf. For this, I’ll need your last three months’ bank statements and your latest filed accounts, along with an up-to-date P&L statement and balance sheet. I’ll also need your VAT returns (if you’re VAT-registered) or your monthly sales figures for the last 12 months.

If Fleximize are happy with all of this, they should be able to make an offer within 24 hours. Your funding will then be released once you’ve returned all signed agreements. The loan can be in your bank account the same day if the agreements are received before 3pm.

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