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£500k loans for UK businesses
Preparing for some significant business growth? No sweat - we’ve got you covered. It's what we do best.
If you’re looking for business funding, especially for £500k, it's a big decision for any size business, but it will be the most rewarding journey you will make. Receiving 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 be considering using the funding for working capital when hiring staff or buying raw materials. You could make a significant difference in your business's success! You might even become a force to be reckoned with within your industry by outperforming all your competitors.
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 Fleximize and how we can stand out from other lenders below. 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 the larger funding amount.
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!
On top of those great features, we guarantee that:
- Our team is dedicated to grasping your business and providing a funding package customized to your requirements.
- Plus, you'll have a dedicated Relationship Manager as your consistent point of contact, ensuring continuity if you return for additional funding.
- We appreciate every customer of ours, and that’s why businesses have 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 help in hand. You’ll find discounts from useful B2B companies, and on the hub, you’ll have access to articles 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. 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.
We’re hoping for you to have a monthly turnover of £250,000
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 various factors. We evaluate incoming and outgoing revenues, the adequacy of available cash to service a new loan, and your business's profitability are primary considerations.
Fleximize utilizes an equitable charge, ensuring you don't have to endure lengthy waiting periods. This allows us to release funds on the same day as approval, providing you with 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.
Keep in mind that typically, your assets should 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
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:
Working capital
Consolidate a loan and Hire Purchases to reduce monthly outgoings.
Purchase of cars (or stock)
Purchase two trading stores
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 have your funds available 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 there 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), and find the purpose of your loan in the drop-down box. Also, 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) or sales figures for the last 12 months. You can do this now, alongside submitting your application or uploading 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 5 minutes to apply today. Our team will guide you seamlessly through your application, with funds landing in your account before you know it.
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 months to 60 months. Please be aware that this depends on certain conditions such as minimum turnover levels, trading time, and property values. Your relationship manager will go through all the options you have available.
Yes, even on our large loans, you are covered by our Penalty Free Promise, which means you are free to overpay with no penalties.
Each offer is bespoke, but generally, we request security as collateral over residential property and a personal guarantee from at least one shareholder & 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 can 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), making the application a lower risk from Fleximize’s perspective. Therefore, these will attract some of our lowest monthly rates, which start 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 with Fleximize throughout your time and will be your trusted business advisor. This personal touch goes the extra mile, especially when dealing with more significant loan transactions.
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 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 anything up to £250k here on an unsecured basis.
Yes, apply here 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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