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Business loans for UK limited companies
Sometimes the money you need isn’t readily available in your business. Limited company loans can support you in kicking off that new project, making a timely repair, or upgrading your business premises.
But securing SME finance on terms that suit you isn’t always easy. Traditional lenders like banks often have strict approval criteria, which can limit small and medium-size companies.
At Fleximize, we know how impactful the right funding at the right time can be for your business. As an alternative finance provider, we can help you secure a limited company business loan in as little as 24 hours, with our award-winning service.
With SMEs making up 99.9% of the UK business population, we’re keen to help companies of all shapes and sizes find a funding option that suits them.
Apply online
Get a decision
Receive your funds
What is a limited company loan?
A limited company loan is a type of loan for incorporated businesses registered with Companies House. You might also see it referred to as a Ltd company business loan.
Limited companies are separate entities from the people running them. Where self-employed people are liable for losses, people who run limited companies are not – the company itself is.
This distinction can make it easier for you to get approved for funding. Limited companies are required to disclose more information publicly, which means it’s easier for lenders to assess the financial standing of these businesses.
You can use limited company loans for all sorts of things – funding your business expansion, covering unexpected expenses, buffering rising costs and economic uncertainty, or managing cash flow.
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Limited company loans from Fleximize
Fleximize business loans for limited companies provide the finance you need on terms that suit you. We don’t just look at your credit score – we take a range of factors into consideration. And if your application is approved, we’ll make sure funds are in your business account as quickly as possible.
Here’s what that looks like:
- Loans of £10,000 - £500,000 over 3 - 60 months
- Approval and receipt of funds in as little as 24 hours
- Interest rates starting from 0.9% per month
- Interest is charged on the reducing balance rather than the total loan amount
- Repayment holidays and top-ups are available
- No hidden fees or early repayment penalties
- Exclusive discounts on industry-leading tools through our Member Marketplace
For the full terms, read our guidance on Flexiloan and Flexiloan lite.
You can apply for a Ltd company loan in minutes using our quick business loans form, or call us on 020 7100 0110 to speak with our team (you’ll get through to a human – not a robot).
What are the benefits of a limited company loan?
No two days are the same when you run your own business. Sometimes this can be thrilling – other times, it can present challenges.
A limited company loan can support you through the peaks and troughs. Whether you’re experiencing high growth, and require a loan that lets you grow your team or expand your premises, or you’re facing an unexpected bill and need help balancing your cash flow.
Here are some additional benefits of a limited company loan:
- Fund projects that need an extra injection of cash – like a new marketing campaign or product launch.
- Aid business growth, so that your plans and ambitions are restricted by what you currently have in the bank.
- Customizable secured and unsecured loan options – that means you can tailor the finance package to fit your needs.
- Improve your business credit by managing a limited company loan responsibly.
How Nabbd thrived with a limited company loan
Polly Thompson was spoiled for choice when she shopped for her wedding dress – but was disappointed that her bridesmaids didn’t get the same options. It was this experience that sparked the idea for Nabbd Bridal Wear – a shop that caters specifically to bridesmaids and flower girls.
After some initial ecommerce success, Polly decided it was time for a physical shop. But without much trading history, securing a traditional loan proved difficult. Frustrated by the rigmarole of traditional bank loan processing, Polly listened to a friend who recommended Fleximize.
We provided Polly with a £10,000 business loan that enabled her to secure her first physical premises in Wimbledon. Since then, Polly has returned twice for additional funding – allowing her to grow her product range and work with a new designer. With a second store on the way, and her sights set on a franchise model, Polly spotted a gap in the market and transformed it into a thriving business.
For the full story, watch the Nabbd Bridal Wear video case study.
Is my business eligible for a limited company loan?
Limited company loan criteria vary depending on the lender. Most will want to review things like your credit score, trading history, and any collateral you can provide (business assets, or future cash flow). Of course, you’ll need to be registered as a limited company too.
At Fleximize, we have the following criteria in place for Ltd companies registered in the UK with Companies House:
- Your business must have been trading for a minimum of six months.
- Your business must have a minimum monthly turnover of £5,000.
- For businesses in Northern Ireland or Scotland, we can offer unsecured loans of up to £250,000.
- We can support non-homeowners who have been trading for 36 months with up to £20,000.
Don’t panic if your credit score isn’t the best – we want to say yes to as many applications as possible, which is why we review other factors to get a complete picture of your business. The fastest way to find out if you’re eligible for a Fleximize loan is to apply for finance and let us do an in-depth review.
How to apply for a business loan with Fleximize
Accessing the right funding for your business can be tricky – we want to change that.
Our online application process is simple; we only need a few basic business details to get started. Using our online business loans form, tell us how much you want to borrow and how long for.
If you pass our initial checks, we’ll be in touch about what happens next. As soon as we have everything we need, your funds could be with you on the same day.
Why choose Fleximize for limited company loans?
We’ve helped thousands of businesses across the UK secure the funding they need. Here’s what you can count on when you apply for a limited company loan with Fleximize:
- Fuss-free finance: Applying for a limited company loan takes minutes, and you could receive funding within 24 hours.
- Flexibility: Our Penalty-Free Promise, top-ups and repayment holidays let you tailor our funding package for your business.
- Personal touch: You’ll have a dedicated relationship manager to make sure your limited company loan is suited to your needs. If you come back to us for more funding, they’ll be there to greet you.
- Industry-leading funding: We’ve twice been named Best Business Finance Provider at the British Bank Awards.
- Highly recommended: Our case studies show just how much our customers appreciate what we do for them, as does our ‘Excellent’ rating from hundreds of independent Trustpilot reviews.
Your common questions answered
The clue is in the name – limited company loans are available to limited companies only. To access limited company loans, UK businesses need to be registered with Companies House.
There are a few costs associated with limited company loans – repayments and interest.
The interest rates on our limited company loans start from 0.9% per month. There are no hidden fees and our Penalty-Free promise means you can repay the loan early and reduce the amount of interest you owe overall.
Our limited company loans are tailored to you – so the exact details will be unique. Use our business loan calculator to get a rough estimate of what it might cost. Or call us on 020 7100 0110 for a bespoke quote.
Your loan amount will be calculated based on revenue and business size. At Fleximize, we can lend up to two months’ revenue. Amounts range from £10,000 - £500,000.
Absolutely.
Our team of financial professionals recognize that numbers aren’t always the full picture. Sometimes a one-off event can knock your credit score back – but this doesn’t always reflect your true financial position.
As an alternative finance provider, we understand that poor credit can stand in the way of accessing traditional loans. But we want to say yes to as many applications as possible – including yours. We’ll assess your loan application in full, and work with you to find the best option for your business.
There are plenty of SME finance options available, even if you don’t have the best credit score.
It depends on the lender – approval can take hours, days or weeks. It also depends on the information you provide.
Alternative finance providers like Fleximize work fast. We can release funds within 24 hours of customers accepting an offer, provided we have all of the information we need about your company.
You can repay a limited company loan with Fleximize in monthly increments. We also have repayment holidays and top-ups available should you need to make a change. We won’t penalize you for paying it off early, either.
A limited company loan can be secured or unsecured.
Secured loans require collateral – like business assets – which the lender can claim if the company defaults on payments. You might also see it referred to as asset-backed lending. Secured loans tend to have higher borrowing limits because the assets act as a kind of insurance if the company can’t pay. You can also get longer terms (up to 60 months) and lower interest rates with a secured loan. Fleximize secured limited company loans go up to £500,000.
Unsecured loans don’t require assets as security. Instead, the lender will look at the company’s cash position and credit history (as well as the directors’ credit history) to assess suitability. An unsecured loan might also require a personal guarantee from the director(s) to seal the deal. Unsecured loans are a good SME finance option for companies without business assets.
At Fleximize, we offer both unsecured and secured limited company loans – to give you the best chance of finding finance that matches your needs.
No – loans are borrowed funds that need to be repaid over time. Turnover is the money your business generates selling goods and services.
Also, your loan repayments aren’t tax deductible, but interest payments are. Bear this in mind when you’re thinking about how a limited company loan might impact your cash flow.
Yes, but we only require a few straightforward details and documents.
The online application form will gather some personal information, details about your business and its directors, and the loan purpose, and in terms of documentation, we will need the following:
- Business bank statements that cover the last three months of trading
- Your most recent set of management accounts
- A revenue summary
Do you have a question that you can't see? Check out our FAQ page.
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