Name: IT Business Loans
Brand: Fleximize
Rating: 4.9 (1030 reviews)

IT business loans

With technology playing an integral part in every modern business operation today, it’s not surprising that the IT consultancy market has grown over the last five years. IT consultancies offer direct support and advice, as well as strategy implementation and management of IT systems, and have become a more popular option for businesses. In recent forecasts, however, the growth of the UK consultancy market is expected to flatline in 2024 as businesses are prompted to cut corporate advice budgets.

With a fast, flexible cash injection from Fleximize, you could get the support you need to keep your business on track. Find out more about our loans, how your IT business could benefit, and what you need to do to apply.

Funding in as little as 24 hours

Borrow £5,000 to £500,000

Repay early, repay less

1st class customer support

Apply online

Get a decision

Receive your funds

What is an IT business loan?

IT business loans are a form of financial support for companies that provide IT-related services to other businesses. These are available to a range of organisations within the IT sector, from consultancy firms to managed service providers, and can benefit each business depending on their situation.

IT business loans from Fleximize come with terms flexible enough for any circumstance because we know how important that is when planning for an uncertain year. Our products are tailored to suit your business size, services, and goals - whether you're a fast-growing tech start-up or an established cybersecurity firm. Uncover what our IT business loans can be used for, how they work, and whether you’re eligible to apply below.

The challenges IT consultancies are facing

IT businesses have to manage many expenses that come with the nature of the business. This includes upgrading or renewing software licences, purchasing the latest hardware, and undertaking technical training. Keeping resources, licences, and equipment up to date is imperative for IT businesses. Failing to keep up with technological advancements increases the risk of inaccuracy, resulting in falling behind competitors, and a decrease in demand.

Large IT firms with well-established customer bases will find it easier to absorb these overheads, but that’s not always the case for smaller, less established IT firms. With these outgoings having a larger impact on profit margins, smaller firms have to be careful when balancing these necessary costs with other essential outgoings - especially with the likelihood of the demand for consultancy services plateauing this year. If you’re not on track to meet your business goals or targets, an IT business loan from Fleximize could help support your business growth.

Apply for an IT business loan

How our IT business loans work

Not only are our finance packages fast, flexible, and affordable, but they come in all shapes and sizes with a number of benefits. The Flexiloan and the Flexiloan Lite are both available on a secured or unsecured basis depending on your business needs. You can read an in-depth breakdown of our products on our business loans page, but here, we’ve decoded it for you:

We do IT business loans which range from £5,000 – £500,000 over flexible repayment terms of 3 – 60 months
We have a fast approval and deposit rate, so you could be approved and receive the funds in as little as 24 hours
Our interest rates start from 0.9% per month and interest is charged on a reducing balance, not the total loan amount
We assure you there are no hidden fees or early repayment penalties with us
Repayment holidays and top-ups are available with all IT business loans
You’ll also get exclusive access to discounts on industry-leading services and tools through our Member Marketplace

It’s not just our products that are flexible, our application process is too. We'll get to know your business, listen to your needs, and find the package that matches your requirements. As long as you've been trading for more than six months and pass our basic credit checks, we’ll happily consider you for one of our IT business loans.

Am I eligible for an IT business loan?

The application process for our IT business loans is quick and easy. But before you begin, there are a few basic requirements your business must meet:

Your IT business must be UK-based and registered with Companies House, and sole traders and partnerships applying for over £25,000.
You’ll need to have 6 months trading history or more with a minimum monthly turnover of £5,000
IT businesses based in England or Wales can apply for up to £500,000 on an unsecured or secured basis.
If you're based in Scotland or Northern Ireland, we can offer an unsecured loan of up to £250,000
If you're a non-homeowner but you've been trading for 36 months or more, you can apply for up to £20,000

Loved by our customers

What can you use an IT business loan for?

In the past, IT businesses have come to us for help resolving cash flow challenges and fuelling expansion. With the market growth for UK consultancies expected to stagnate this year, it doesn’t mean your business has to follow the same path. Now is the perfect time to start planning for the growth of your IT consultancy empire. We've seen many IT firms in this sector approach us for funding to purchase hardware, renewing software licenses, upgrading equipment and recruiting new staff. Other uses of funding for IT businesses have also included fuelling growth, training staff and consolidating debts.

Our financial packages have been designed to fit almost any business purpose. That's because we put flexibility at the heart of our services with top-ups, repayment holidays, and early repayments available with every loan.

How much does an IT business loan cost?

The interest rates for our IT business loans start at 0.9%. As interest is charged against your reducing balance rather than the total amount, you can save money by repaying ahead of time. Additionally, there are no early repayment fees, thanks to our Penalty-Free Promise, because we don’t penalise any business for growing quickly.

To find out an estimated cost of your IT business loan, our award-winning business loan calculator is a great place to start. By entering the amount you want to borrow and your desired repayment period, we’ll give you a rough estimation of how much interest you’d be paying back. Or, if you'd prefer to speak to a member of our friendly team, call us on 020 7100 0110, and we'll create a tailored quote for you.

Flexiloan Flexiloan Lite

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

months

Interest

£8,460.08

Total Repayment Amount

£58,460.08

Monthly Repayment

£3,247.78

Show potential savings through early settlement

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

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 1.70%, which may not reflect your final rate. Please apply online for a tailored quotation.

A representative example of a loan of less than £25,000: 40.8% APR representative, based on a fixed annual rate of interest of 34.7% and an assumed loan amount of £15,000 over 18 months; equating to monthly repayments of £1,080.67 and a total repayable of £19,452.06.

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

months

Interest

£3,472.16

Total Repayment Amount

£33,472.16

Monthly Repayment

£4,184.02

Show potential savings through early settlement

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

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 2.50%, which may not reflect your final rate. Please apply online for a tailored quotation.

Why choose Fleximize for your IT business loan?

We’re a digital lender that provides truly transparent and flexible funding options to SMEs across the UK - over £470 million! There are many reasons why you can count on us to support your IT business, but here are five we’ve outlined for you:

Flexibility: Our loan packages are always fitted to your business needs and are protected by our Penalty-Free Promise, so you can pay off your loan quicker and without having to pay any penalties.
Fuss-free: With our speedy application form, it takes just five minutes to submit your information. Once approved, you could have your funds within 24 hours - fast, right?
Personal: We’ll assign a dedicated relationship manager to look after your every need. You’ll also be greeted by the same team member if you return for extra funding, as many of our customers do.
Award-winning: We’ve won a whole host of awards and industry accolades. Most notably, we’ve been named Best Business Finance Provider at the British Bank Awards multiple times!
Trusted: We’re extremely proud of the quality of our service, but you don’t have to take our word for it. Read what our customers have to say in our reviews on Trustpilot and via our testimonials - you couldn’t be in safer hands.

Apply for an IT business loan today

Our fast, flexible finance could be essential to the growth of your IT consultancy business through a year of uncertainty. Best of all? We’ve designed our online application process so you’ll have it completed in the time it takes the kettle to boil for a brew.

Simply fill out our online form, and a member of our expert team will be in touch to talk you through the next steps. Once we have all the documents we need from you, you could have the funds sitting in your account in as little as 24 hours. If you’d like to learn more about us and our products, our FAQs page is a great place to start. Alternatively, you could call us on 020 7100 0110 to reach a friendly member of our team. Your finance journey with us could start today, so what are you waiting for? Stick the kettle on and get started!

Apply for an IT business loan