£20K Loans

It's not uncommon for SMEs to experience growing pains as their brand develops - in fact, even established businesses can suddenly skyrocket if demand grows or the market shifts. Whilst you might see an instant rise in turnover, it often takes time to increase your spending power. In such cases, a moderate cash boost can have a sizeable impact on business performance.

A number of financial products are available to UK-based enterprises that can help bolster cash reserves by £20,000 or more, allowing you to increase your business' activity in line with opportunities.

At Fleximize, we offer business finance from £5,000 to £500,000. Your funding package will be tailored to your needs, but read on to discover if a £20k business loan could be the right fit for you.

Why apply for a £20k business loan?

When you spot an opportunity that requires investment, you may not have time to raise capital through company profits, personal savings, or equity financing. A business loan, on the other hand, offers an instant cash injection.

We've issued funding of £20,000 to a range of businesses, including manufacturers, restaurants, construction firms, retailers, and wholesalers. Whatever their industry background, a business owner can use a Fleximize loan for almost any purpose, providing it supports business growth.

For example, customers have approached Fleximize for a £20,000 business loan to bridge cash flow gaps caused by long payment terms. With Fleximize’s Penalty-Free Promise, businesses have the option to repay as soon as they have the funds to do so with no early repayment fees. Additionally, a £20k loan can fund many growth-related initiatives, including staff training, stock purchases, and product development.

£20k business loans from Fleximize

Fleximize’s award-winning business loans have helped thousands of SMEs secure £20,000 on an unsecured or secured basis. To find out more about our loan products, the Flexiloan and the Flexiloan Lite, check out our business loans page. Read on for a quick summary of Fleximize's key features:

• Business finance worth £5,000 - £500,000 repaid over 3 – 48 months.
• Interest rates starting from 0.9% per month.
• Approval and deposit in as little as 24 hours.
• No hidden fees or early repayment penalties
  
• Interest charged on a reducing balance, not the total loan amount.
• Repayment holidays and top-ups available as standard.
• Exclusive discounts on industry-leading business services through our Member Marketplace.

For a £20k loan, rates will vary between providers along with their eligibility criteria. You may find it difficult to get approved by a traditional lender, particularly if your business hasn't traded for a long time or got a perfect credit score. While we look at your credit history, our expert underwriters also consider a business' potential before making a decision.

Apply for a business loan

For a £20k loan in the UK, why choose Fleximize?

Fleximize aims to support small businesses with loan products designed to help them thrive. Here are just some of the reasons why other business owners chose to apply for a £20,000 loan with Fleximize:

• Fuss-free: If you’re running a business, you’re unlikely to have time for lengthy forms and slow decisions. That’s why we’ve made our online application form quick and easy, so you can apply in a few minutes.
• Flexible: Businesses change over time, and your financial solution needs to adjust. For built-in flexibility, all our loans come with top-ups, repayment holidays, and early repayment options as standard.
• Personal: You’ll be assigned a dedicated relationship manager as your point of contact throughout your application and if you return for funding in the future.
• Recommended: Want to know what our previous customers have to say about us? Read our Trustpilot reviews, where we’ve been rated ‘Excellent’ by hundreds of business owners.
• Award-winning: As well as being voted Best Business Finance Provider at the British Bank Awards, we’ve picked up a number of industry awards since launching in 2014.

How to get a £20k business loan

The steps to getting a business loan can vary between lenders. Fleximize's application process was designed with small businesses in mind, including its eligibility criteria. You could be eligible for a £20k loan from Fleximize if:

• You're a registered limited company, LLP, or non-limited partnership with more than four partners.
• You're a non-homeowner looking for between £5,000 and £20,000. If you're a homeowner, you can apply for up to our maximum loan amount.
• You have been trading for a minimum of six months.
• Your business has a monthly turnover of at least £5,000. You can apply for up to twice your turnover, providing you meet this minimum requirement.
• If your business is based in England or Wales, you can apply for up to £500,000. If you're based in Scotland or Northern Ireland, we can offer an unsecured loan of up to £250,000.

For more information about our business loans, you can contact the Fleximize team on 020 7100 0110. If you're ready to apply, simply complete our short online form, and we'll be in touch once you pass our initial checks.

Fleximize's £20k business loan calculator

For an estimated cost of Fleximize's funding, try our business loan calculator. This can give you a good idea of how your monthly repayments could work for a £20k loan, but we're also happy to provide a tailored quote.

Looking for more than £20k?

We provide loans of up to £500,000, meaning Fleximize can help you with short and longer-term goals. Review our £50,000 business loans and £100,000 loans to see if a larger finance package would better support your strategy.