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£500k loans for UK businesses
Preparing for some significant business growth? We’ve got you covered. It's what we do best.
Applying for business funding, especially for £500k, is a big decision for any size business. But it will also be the most rewarding choice you will make. Funding can accelerate your business growth immensely. You’ll be able to seize opportunities by purchasing a new premises or extending your product range. You might consider using the funding for working capital when hiring staff or buying raw materials. You could make a significant difference in your business's success.
We know that searching for the best loan can be very time-consuming; that's why we’ve condensed all you need to know about £500k loans and how we can help. So you’ll be confident to take that all-important plunge with us.
£500k business loans from Fleximize
The Flexiloan would be the perfect solution when needing a £500k loan for your established business. It has super flexible features that can be tailored to your company's needs. As standard, you’ll have access to top-ups, repayment holidays and no early settlement fees. The Flexiloan also offers longer terms of 12-60 months, perfect for larger funding amounts.
Apply online
Get a decision
Receive your funds
Why choose Fleximize for a business loan?
We’ve collated the most important information on how we stack up compared to other lenders so you can be sure you're making the most well-informed decision. And we know for certain that Fleximize will impress!
We guarantee that:
- Our team is committed to understanding your business and providing a funding package customized to your requirements.
- 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. We're not ones to boast, but our customers have consistently rated us ‘Excellent’ on Trustpilot, so you can trust you're in capable hands!
- We understand that funding is just one part of running a business, so we have our Knowledge Hub and Member Marketplace to offer you a helping hand. You’ll find discounts on industry-leading tools, and on the Hub, you’ll have access to expert advice from business leaders.
Loved by our customers
How to get a £500k business loan
We appreciate all the dedication and commitment that goes into running a UK small business. We wish to support as many as possible, but for a £500k loan, we only offer on a secured basis. We’re hoping for you to have a monthly turnover of £250,000, and your business will need to be:
A limited company, a limited liability partnership or a non-limited partnership with at least four partners. The criteria for other loan amounts differ.
UK-based, with at least one director living in the UK.
Trading for at least six months, but it’s preferable if you’ve been trading for several years with this loan amount.
Taking out a £500k loan with us needs security. Here’s how it works:
Any business in England and Wales can apply for a secured SME loan of up to £500k. However, we can only lend up to £250k for Scotland and Northern Ireland. Our team individually assesses every loan application.
We do our best to look at the bigger picture so that we can say ‘yes’ to as many businesses as possible. Our assessment of affordability is thorough, taking into account factors such as incoming and outgoing revenues, the adequacy of available cash to service a new loan, and your business's profitability.
Fleximize uses an equitable charge so you don't have to endure lengthy waiting periods. This allows us to release funds on the same day as approval, giving you swift access to the support you need.
You’ll need to put forward an asset such as a commercial or personal property, a vehicle or equipment.
Remember that your assets should typically approximate the total loan amount you apply for.
If you’re unsure about taking out a secured loan, we can also offer unsecured loans of up to £250k across the UK.
Should you have any queries before applying, give us a call, and you’ll reach one of our first-class customer service team, who are always happy to answer all your questions
Apply for a £500K business loan
What can a £500k loan be used for?
We assure you that funding fuels growth, and we have a proven track record of opening doors for many businesses. Here are some of the funding reasons from previous successful £500,000 loan applications:
Covering everyday business costs
Consolidate a loan and Hire Purchases to reduce monthly outgoings
Purchase of cars (or stock)
Buying an existing business
Advertising
Buying raw materials in bulk at a reduced cost
Complete development
General business growth and supporting cashflow for new projects
After submitting your application with Fleximize, it will be reviewed by our underwriter team. You can receive your funds in as little as 24 hours from accepting your offer. During this time, you’ll have your own dedicated relationship manager, who will become your point of contact - no matter how many times you return for funding.
We’d love to hear from you, so give us a call. Our lovely team will be here to answer any questions!
How much will a £500k loan cost?
For a more in-depth evaluation, 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.
What information and documents will I need to apply?
Applying for a Fleximize secured £500k loan couldn’t be easier. We value your time as a business owner, which is why we have made the application process super quick. To speed up the process, here’s how it goes:
Provide basic information on yourself, your company, and other directors (including their names and addresses)
Select the purpose of your loan from the drop-down box
Have some information on your company’s typical revenue ready
The next step is to provide us with your supporting documents:
- The most recent three months' bank statements for all business accounts
- A copy of the latest year-end and up-to-date management accounts (if available)
- Your VAT returns (if VAT registered)
- Sales figures for the last 12 months.
You can do this now, alongside submitting your application or upload it later in the member's area.
Apply for a £500k business loan today
Unleash the full potential of your business. Grab a drink and take five minutes to apply today. Our team will guide you seamlessly through your application, with funds landing in your account before you know it.
Apply for a £500K business loan
Looking for less than £500k?
If you don't need £500,000 to make big changes in your business, we can help you choose a loan that's right for you. Our finance options range from £10,000 to £500,000, and with our personalized approach, you'll get the repayment terms that suit your business best.
Get in touch with us to discuss your options, or you can learn more about our smaller business loans here.
Your common questions answered
The maximum term we can offer on our larger secured loans (up to £500k) is 60 months. Our terms range from 12 to 60 months. Please be aware that this depends on conditions such as minimum turnover levels, trading time, and property values. Your relationship manager will go through all your options.
Yes, even on our large loans, you are covered by our Penalty Free Promise, which means you are free to overpay with no penalties when you borrow with us.
Each offer is bespoke, but generally, we request assets as collateral, such as residential property, and a personal guarantee from at least one shareholder and director for our larger loans. To discuss your particular case, please get in touch, and we will be happy to help you and discuss your options.
If you aren’t comfortable with a secured loan, we also offer unsecured loans of up to £250k across the UK.
Each offer is personalized to each business, but our larger loans come with enhanced security from the borrower (i.e., security over a residential property). Therefore, you could be offered some of our lowest monthly rates, starting at 0.9%.
A Relationship Manager is your dedicated contact at Fleximize and is here to support you and your business with tailored lending solutions. They will be allocated to you from the start of your application to your last payment with us. Your relationship manager will remain your point of contact throughout your time with Fleximize, giving you peace of mind.
You can find their contact details in your Member Area.
Our larger loans are perfect for propelling your company's growth; they can be used for things like working capital, capital expenditure and asset purchases. As long as the loan is for a genuine business purpose and for the company's benefit, you are free to spend it as you see fit.
When applying for a £500k secured loan, we need to carry out a full assessment of your business. This includes examining the director and shareholder details, three months of business bank accounts, and information on the company’s typical revenue. When applying for a secured loan, if your business possesses valuable company assets, there's a strong possibility that you could qualify.
Click here to explore your options.
Applying is quick and easy - apply here.
We can only fund our larger secured loans (£250k-£500k) if you are based in England and Wales. However, you can apply for up to £250k here on an unsecured basis.
Yes, apply here for up to £500k. It's quick and easy.
For our larger secured loans, drawdown can be as fast as 24-48 hours from approval.
Do you have a question that you can't see? Check out our FAQ page.
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