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£1 million business loans for UK businesses
A £1 million business loan is a significant move for businesses that are ready to invest, expand, or grow at scale. If you're acquiring a competitor, purchasing commercial property, funding a significant capital project, or securing working capital for a period of rapid growth, borrowing at this level gives you the firepower to act decisively.
At Fleximize, we specialise in fast, flexible business loans for UK SMEs. We know that getting funding for major investments with traditional lenders can be slow and frustrating. That's why we've built a lending process designed around your business, not the other way around.
What can a £1 million business loan be used for?
There are many reasons a business might need funding at this level. Some of the most common include:
- Acquisitions. If you’re thinking about buying a competitor, a supplier, or a complementary business, the right funding puts you in a stronger position to negotiate and lets you move quickly when the right opportunity appears.
- Premises. One of the most effective ways to build long-term value in your business is buying or refurbishing commercial property. A £1m loan gives you the capital to secure the right site without compromising your cash reserves.
- Growth. Growth capital lets you open new locations, scale your team, or enter new markets – all of which need substantial upfront investment – without draining your reserves.
- Equipment. Investment in specialist machinery, vehicles, or infrastructure often comes with a hefty upfront cost. A £1 million business loan lets you spread that over a term that suits you and protects your cash flow while still making the upgrade happen.
- Cash flow. Even the most high-performing businesses experience periods where cash flow doesn't match the timing of outgoings. A loan of this size gives you the breathing room to keep things running smoothly without disruption.
Apply online
Get a decision
Receive your funds
Why choose Fleximize for business loans?
We offer business loans from £10,000 to £1,000,000 through our Flexiloan and Flexiloan Lite products.
We’re committed to understanding your business and providing a funding package tailored to you. You'll have a dedicated Relationship Manager as your consistent point of contact, ensuring continuity throughout the application process and if you return for additional funding.
We appreciate all our customers, and that’s why they've named us the Best Alternative Business Funding Provider and Best Business Loan Provider at the Business Moneyfacts awards. Our 'Excellent' Trustpilot reviews speak for themselves. Business owners consistently tell us we go above and beyond what they'd expect from a lender, so you can trust you're in capable hands.
Here's what you can expect when you borrow with us:
- Repayment terms from 3 to 60 months
- Interest rates starting from 0.9% per month
- Approval and funds in as little as 24 hours
- No hidden fees or early repayment penalties
- Interest is charged on a reducing balance, not the total loan amount
- Repayment holidays and top-ups available as standard
- Access to expert advice from business leaders on the Knowledge Hub
- Access to exclusive discounts on industry-leading business services on our Member Marketplace
Loved by our customers
How to get a £1 million business loan in the UK
Here's how the process works with Fleximize:
- Submit your application – it only takes a few minutes online. You'll share some basic details about yourself, your business, and any other directors.
- Provide your financials – we'll ask for recent accounts, bank statements, VAT returns, and sales figures so we can build a clear picture of your business.
- Put forward security – a £1 million business loan is available on a secured basis only. You'll need to offer an asset such as commercial or residential property, a vehicle, or equipment, broadly equivalent in value to the loan amount.
- We assess your application – we look at the full picture: revenues, outgoings, profitability, and your ability to service the loan. We aim to say yes to as many businesses as possible.
- Receive your offer and funding – if approved, we aim to release funds on the same day. We use an equitable charge rather than a traditional legal charge, which removes the lengthy waiting periods.
We typically look for a monthly turnover of around £250,000 and at least 12 months of trading history. For businesses in England and Wales, secured lending is available up to £1,000,000. In Scotland and Northern Ireland, unsecured loans are available up to £500,000. Not sure whether you'd qualify? Start a conversation – our team is always happy to help.
Estimate your £1m loan repayments
Before you apply, it's worth getting a feel for what your loan repayments on £1 million might look like. Use our business loan calculator to explore different terms and interest rates – and see what works for your cash flow.
Example
If you borrowed £1,000,000 at an interest rate of 0.9% per month over 60 months, your estimated monthly repayment would be around £21,640 – with interest charged on a reducing balance, so you pay less as you repay.
Apply for a £1 million business loan today
If you're ready to take the next step, it’s easy to get started – hit apply or call us to speak to our friendly team. If you’ve got a quote elsewhere, let’s compare, and we’ll do everything we can to beat it.
Your common questions answered
Our customers use our larger loans for a range of business purposes – acquisitions, property, equipment, expansion, working capital, or managing cash flow. We'll want to understand your plans as part of the application.
We offer terms from 3 to 60 months. The right term will depend on your cash flow and the purpose of the loan – our team can help you work out what makes sense.
We can often approve and deposit funds in as little as 24 hours. Complex cases may take a little longer, but we always aim to move at your pace.
A £1 million pound business loan is available on a secured basis only. You'll need to put forward an asset such as commercial or personal property, a vehicle, or equipment.
If you're looking for an unsecured loan, we can offer up to £500,000 on that basis. Our team will walk you through the options.
You’ll typically need to start repaying your loan the month after your application is approved and funds are deposited. We also offer repayment holidays as standard if you're facing cash flow gaps or seasonal dips. After three successful repayments, you can get interest-only payments to give you the necessary breathing space while you get things moving again.
We look at your trading history, financial performance, and what the loan will be used for. For secured funding, we generally work with limited companies or LLPs that have been trading for at least six months based in England and Wales. The best way to find out if you qualify is to submit an application or speak to a member of our team.
The easiest way is to use our business loan calculator. Enter your funding amount, preferred term, and interest rate to get an estimate of your monthly repayments. Bear in mind that your actual rate will depend on your business profile – our team can give you a personalised figure once you've applied.
A Relationship Manager is your dedicated contact at Fleximize and is here to support you and your business with personalised funding. They’ll be allocated to you from the start of your application all the way to your last payment with us, giving you peace of mind. You can find their contact details in your Members Area.
No – at this level, security is required. Fleximize offers unsecured business loans of up to £500,000, but a £1 million business loan is only available on a secured basis. Eligible assets include commercial or residential property, vehicles, and equipment, and the value should broadly reflect the loan amount.
If you're unsure what you could put forward, our team can talk you through the options.
We don't set a hard minimum credit score. We assess both your personal and business credit histories as part of a broader picture that includes your revenue, profitability, and what the loan will be used for.
Even if you've had credit issues in the past, it's worth speaking to us – you can also read our guide to bad credit business loans for more on how we assess applications.
We lend up to four times your average monthly turnover. To qualify for £1,000,000, you'd typically need a monthly turnover of around £250,000. If you're not quite there, it's worth speaking to our team about what you could borrow based on your current figures.
We can often approve and release funds in as little as 24 hours. More complex cases may take a little longer, but we always aim to move at your pace. Our equitable charge process removes the lengthy delays associated with traditional legal charges, so you're not left waiting once a decision is made.
Eligible assets include commercial property, residential property, vehicles, and equipment. The asset value should broadly reflect the size of the loan. Fleximize uses an equitable charge rather than a traditional legal charge, which means we can often release funds faster – sometimes on the same day as approval.
Do you have a question that you can't see? Check out our FAQ page.
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