Small Business Equipment Loan - Fleximize

Equipment Loans

Discover how an equipment loan can help you purchase the machinery you require

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Funding in as little as 24 hours Funding in as little as 24 hours
Borrow £10,000 to £500,000 Borrow £10,000 to £500,000
Repay early, repay less Repay early, repay less
1st class customer support 1st class customer support

Small business equipment loans

Ensuring you have the right equipment is key for your business, whether that’s machinery, vehicles, software, or any other tool that helps get the job done. It’s important to have readily available funds to keep your operations running in peak condition so that you’re covered if a piece of equipment breaks, or you want to snatch the opportunity to upgrade.

Many borrowing options can help with equipment rental costs or help you make a large, one-off purchase, so it’s crucial to understand which is right for your circumstance. You might find that conventional equipment finance products aren't suitable, and that’s where we come into play. Read on to find out about equipment finance and how to get a business equipment loan from Fleximize.

Funding in as little as 24 hours Funding in as little as 24 hours
Borrow £10,000 to £500,000 Borrow £10,000 to £500,000
Repay early, repay less Repay early, repay less
1st class customer support 1st class customer support

What is business equipment finance?

Equipment finance is a type of asset finance that allows a business to acquire a piece of equipment and spread the cost across monthly repayments. This is useful for avoiding upfront payments so you can better preserve your cash flow.

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Apply online

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What type of business might need equipment finance?

Equipment loans may be suitable across a wide range of sectors. These businesses could include breweries, farms, gyms, hauliers, hotels, manufacturers, pubs and restaurants.

Equipment finance and how it works

Business equipment financing can typically be divided into two main forms: leasing and hire purchase.

Equipment leasing

Equipment leasing is where you rent the equipment for an agreed period, during which you make regular payments. Once the agreement ends, the equipment is returned without you ever taking ownership.

There are two main types of leasing: operating leases and finance leases. An operating lease is where you rent a piece of equipment for a short period without taking on any repair or maintenance costs. With a finance lease, also known as a capital lease, you borrow the asset for most of its lifespan, so these are longer-term arrangements. You also take on many ownership costs, such as servicing the equipment and the cost of maintenance.

Hire purchase

Like leasing agreements, hire purchase involves paying regular instalments over a given period, during which you have possession of the equipment. However, the key difference is that you’re paying to own the asset at the end of the term. This type of finance is particularly useful if the asset will retain its value in years to come.

If you’re struggling to find the right type of lease or hire purchase from traditional or specialist lenders, that doesn’t mean you’re out of options. Fleximize’s business loans could be the ideal substitute for conventional equipment or machinery finance.

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How to get a business equipment loan from Fleximize

Getting a business equipment loan from us couldn’t be easier, or better tailored to your business. We give you the option of choosing between unsecured and secured options with our Flexiloan and Flexiloan Lite products, depending on which is best suited to your business needs. We’re fast too, so once approved, we’ll endeavour to have the funds in your account within 24 hours so that you can move quickly to secure your much-needed assets. Here’s a summary of the key features of Fleximize’s business loans:

Your equipment loan has to suit you and your business, which is why we work closely with our customers to create a tailored finance package containing flexible features available throughout the loan term. Our flexibility applies to our application criteria too. We aim to say ‘yes’ to as many businesses as possible, so we look at more than your credit history to make an overall assessment.

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What can a Fleximize equipment loan be used for?

Unlike a typical equipment loan from an asset finance lender, the funding from Fleximize can support more than just acquiring an asset, but the growth of your business as a whole. We understand you probably have an idea of the equipment you need, so we've outlined a few additional areas you could put your funding towards:

How much does an equipment loan cost?

For an estimated cost of Fleximize's funding, try our business loan calculator below, which will give you an idea of how your monthly repayments could break down, or apply for a loan online for a more in-depth evaluation.

Our Flexiloan product is available to businesses trading for at least 12 months over a 12-60 month term.

Interest
£8,460.08
Total Repayment Amount
£58,460.08
Monthly Repayment
£3,247.78

Our Penalty-Free Promise means you won’t be charged extra for repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term £58,460.08
Total Repayable if Repaid Early £56,122.84
Interest Saving £2,337.25

Our Flexiloan Lite product is available to businesses trading for at least 6 months over a 3-12 month term.

Interest
£3,472.16
Total Repayment Amount
£33,472.16
Monthly Repayment
£4,184.02

Fleximize is committed to its penalty-free promise for customers repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term £33,472.16
Total Repayable if Repaid Early £32,476.26
Interest Saving £995.90

Check your eligibility for equipment finance in the UK

We're different from other finance providers such as banks in that we don't apply strict lending criteria. However, there are some basic requirements you'll have to meet. So to qualify for one of our business equipment loans, you'll need to:

Your equipment loan terms will partly depend on the location of your business:

How much does equipment or machinery finance cost?

With interest rates starting from just 0.9%, you can use our business loan calculator to estimate the overall cost of your equipment loan from us. Some lenders charge additional fees for paying ahead of schedule, but our Penalty-Free Promise means you’ll have no such concerns, meaning you can make significant savings with over or early repayments. You’ll also be assigned a relationship manager, who will be your main point of contact throughout your journey with us. They will make any costs apparent from the start, and you can reach out to them, or any member of our team, anytime with questions about your repayments.

To have a tailored quote built for you, give us a call on 020 7100 0110, and one of the team will be on the other end of the line - we can assure you there are no robots here, apart from five o’clock on a Friday!

Why choose Fleximize for your business equipment loan?

Since 2014, we’ve lent over £470 million to thousands of SMEs nationwide, but we’re not stopping there. Our mission is to empower small businesses to unleash the potential of their ideas, and we’re certain that with a business equipment loan from us, you can do just that. We’ve listed five reasons why SMEs like you chose to start their finance journey with us, take a look:

Apply for equipment finance today

Equipment financing could be the difference between surviving and thriving for your business. Applying with Fleximize is a fast, fuss-free process - not one to stress over. Providing you pass our initial checks, we could deposit the funds within 24 hours of receiving your documentation. So fill out our application form today and you could have it done by the time the kettle's boiled for a cuppa!

If you'd like to know more about equipment or machinery finance and what Fleximize can offer, check out our FAQs or call 020 7100 0110 to speak to a friendly member of our team.

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