We specialize in providing finance that’s flexible enough to meet the changing needs of your business. To date, we’ve lent over £250 million to SMEs across the UK, with the majority returning to us for additional funding.Apply now
Whether you want to take advantage of a new opportunity, bridge a gap in cash flow, or cover urgent costs, a business loan can offer a vital boost to your finances. Getting approved by a high street bank can be tricky, yet a quarter of UK SMEs have successfully secured a loan. This is due in part to digital business lenders like Fleximize. That’s because we provide flexible funding solutions on terms that suit you and your business. Read on to discover more about the features and benefits of our products.
We’re genuinely passionate about seeing your business succeed. That's why all our loan packages are designed to support growth, not hinder it. Here are three reasons why you’ll love our products:
No two businesses are ever the same, so we’ve designed our products to be flexible enough to meet the specific needs of your business, with top-ups and repayment holidays as standard.
We pride ourselves on transparency and never penalize customers for growing faster than expected. If you repay early, you’ll only pay interest for the time you’ve had the loan, with no hidden fees or shady small print.
We understand that you’re short of time, so we’ve ensured our application process and products are fuss-free. You’ll also receive your loan in as little as 24 hours, allowing you to get back to running your business.
Apply online in minutes Use our secure online form to apply for funding in less than five minutes. You’ll find out if you’ve passed our initial checks instantly. If you do, we’ll ask you to provide a few documents – but nothing too demanding.
Get a decision in 24 hours You’ll be assigned a dedicated relationship manager to guide you through the final steps of your application. They’ll aim to give you a decision within 24 hours.
Business loans allow you to fund a range of business activities. Uses can include anything from financing new equipment and refurbishments to covering cash flow gaps and unexpected bills.
Business lenders range from traditional high street banks to alternative providers, with loan structures, amounts, repayments, interest rates, and application processes varying between them.
It’s easier than ever to find an SME loan that suits your business with a lender like Fleximize. Although we’re online, we’ll always take time to listen to your needs before offering you the perfect funding package. Learn more about our Flexiloan and Flexiloan Lite products here.
For businesses trading 12+ months
Our most popular product, the Flexiloan, is tailor-made to fit almost any business for almost any purpose. It’s ideal for those that want flexible, affordable finance for up to four years, providing they’ve traded for 12 months or more. The Flexiloan could fuel your business growth in many ways, such as funding an office refurb, equipment purchase, or staff recruitment.
Refurbishments: As an example, businesses within the hospitality industry are often looking for funding to refresh their premises. This can include purchasing soft furnishings, redecorating existing spaces, or even building an extension.
Purchasing new equipment: We’ve worked with manufacturers investing in machinery, tech firms acquiring software, and cafés updating their kitchen gadgets – to name a few.
Bringing in new equipment often allows businesses to fulfil larger projects and work more efficiently. By obtaining an initial cash injection, they can reap larger profits in the long term. A business loan is also very popular for SMEs looking for a deposit towards asset finance.
Hiring more staff: This can include covering the cost of recruitment fees, training, and wages before new employees begin to generate revenue for the business. With more staff, businesses can quickly increase productivity, take on more clients, and grow their industry presence.
Similarly, this may extend to capitalizing data purchases or buying the assets of another business (including their customers and staff) for expansion.
For businesses trading 6+ months
A variation of our main term loan, the Flexiloan Lite is best suited to businesses in the early-stage growth phase who need quick access to capital, such as to purchase stock. More established businesses can also use it as a bridging loan alternative to pay an urgent VAT or tax bill.
Speedy stock purchases: By boosting their cash reserves, businesses are better positioned to seize timely opportunities to purchase stock, such as an unexpected surge in consumer demand.
Similarly, it’s a good option for those who want to bulk purchase from a supplier holding a sale or offering discounts on large orders. Businesses that experience cash flow gaps due to seasonal fluctuations also benefit from the flexibility and speed of the Flexiloan Lite.
Urgent VAT or tax bills: Many small businesses spend money they’ve set aside for bills on other expenses due to a lack of available capital. To overcome this financial shortfall, they turn to the Flexiloan Lite to fund the payment via a small business loan.
Although VAT bills typically call for a sizeable payment each quarter, many SMEs prefer to pay monthly as it provides more stability to cash flow. Likewise, with corporation tax, this large annual payment can be spread across monthly payments with the help of the Flexiloan Lite.
To bridge the gap in payment terms: For businesses with clients operating under long payment terms of 90+ days, the Flexiloan Lite can provide breathing space during this time between supplying a product or service and receiving payment.
Once an outstanding payment is settled, our built-in flexibility means you can choose to repay your loan early with no extra charge. Or you can utilize the remaining funds for the full term, helping you build the momentum to take on larger projects.
It can be tough to meet the strict loan criteria of traditional lenders, particularly if you’ve not been trading for long or got a perfect credit history.
Access to funding is crucial for many large and small businesses to adapt, develop, and thrive. At Fleximize, we try to say ‘yes’ to as many businesses as possible, providing they can comfortably manage their repayments and the loan will be beneficial.
Whatever your size or industry, your business can apply with Fleximize if:
We also lend to sole traders and non-limited partnerships with less than four partners who require more than £25,000.
So, could business funding be right for you? Read answers to common questions below, including how business loans work, their advantages, key considerations, and how much you can borrow with Fleximize.
Much like a personal loan, a typical business loan involves borrowing a sum of money upfront from a lender. The key difference is that the money is borrowed on behalf of a business, although you may be personally liable. You will then repay the loan amount, including any interest, over an agreed length of time. Timeframes can range from a few months to several years. At Fleximize, our terms run from 3 to 48 months.
Business loans are usually split into two key categories: unsecured and secured.
Unsecured business loans don’t require personal or company assets such as property to be provided as collateral. Instead, most lenders will ask for a personal guarantee from the business owner and any other shareholders or company executives. Secured business loans, on the other hand, are secured against an asset. This can help you access larger amounts of funding at better rates because the lender’s risk is reduced.
The best business loan for you will depend on details such as how much you want to borrow, your asset base, and personal preference.
As no two businesses are the same, we offer loans with unsecured and secured options and plenty more flexibility built-in, including repayment holidays, top-ups, and penalty-free early repayments.
Every business is unique in its financial requirements. Your suitability for a particular type of funding could be impacted by your industry, company size, location, trading length, and other factors. Thankfully, there are many options available in the UK. These include:
Around 45% of UK SMEs have leveraged external finance to help their business thrive. If you’re thinking of joining them, business loans can offer great benefits:
It’s important to do your research before applying for any kind of finance. Here are a couple of points to consider with business loans:
Customers use our products to fund a range of long- and short-term priorities, including:
Discover how businesses like yours have used our funding by exploring our customer case studies.
Business funding amounts vary from lender to lender. With Fleximize, you can apply to borrow between £5,000 and £500,000, depending on your monthly revenue.
We can lend up to a maximum of two months’ revenue. So, if you generate £50,000 in a typical month, you could borrow up to £100,000 initially. You can apply to top this up following a few successful repayments, as many of our customers do.
If you have been trading for longer than 12 months, you can repay your loan over a term of 3 to 36 months on an unsecured basis, or 3 to 48 months on a secured basis.
If you’ve been trading for 6 months or more, we can provide funds through the Flexiloan Lite with a repayment term of up to 12 months. Once you have more successful trading time under your belt, the flexibility of our products means you could refinance with the Flexiloan if you require further funding.
Let us know what you'd like your monthly repayments to be, and we'll look to arrange a term that works for you.
We offer business loans with interest rates starting from 0.9% per month. There are no nasty hidden fees to worry about, but we’ll explain any costs to ensure you’re happy before proceeding. Unlike other lenders, we don’t charge early repayment fees either, so you could pay less interest overall by repaying ahead of schedule.
You can see an estimate of what your business loan could cost by using our business loan calculator. When you’re ready to get in touch, we can give you a tailored quote.
It’s important to partner with a business lender you can trust. Since launching in 2014, we’ve lent £250 million to SME owners across the UK. Here’s why you should consider our business loans:
Businesses shouldn’t be penalized for wanting to repay their loan early. That’s why we’ve committed to a Penalty-Free Promise, which ensures that you’ll never overpay on your business loan when you borrow with us.
|Many charge a fee if you wish to repay your loan early.||We don’t charge any early repayment fees whatsoever.|
|Those that don’t will still charge you interest based on the original loan term, so if you’re repaying your 24-month loan after six months, you’re paying 18 months of interest.||With Fleximize, you only pay interest for the time you’ve had the loan. If you want to repay your 24-month loan after six months, we’ll recalculate the interest so you only pay interest for the six months you had the loan.|
|Some lenders won’t let you make overpayments, therefore if you’re ahead of schedule but you don’t have enough to settle your loan in full, you won’t save on interest.||Our loans are amortizing and you can make overpayments anytime - you’ll save on interest if you want to make overpayments without settling in full.|
At Fleximize, customer service is at the heart of our offering – we been twice voted the UK's Best Business Finance Provider at the British Bank Awards, and we’re rated ‘Excellent’ on Trustpilot. Read our customer stories or learn more about our awards.