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Loans by industry
The UK is home to over 5.5 million SMEs, each one unique in its operations, challenges, and goals.
As such, there is no off-the-shelf solution for funding. Instead, our commercial business loans take a tailored approach. We’ll always take the time to listen to your needs to find your perfect funding package.
In this guide, we examine how business loans can benefit each industry, as well as things to consider so you can make the most of your funding.
Business loans by sector: Things to consider
Before you apply for a commercial business loan, make sure to keep the following in mind:
1. Purpose
Be clear on why you need the loan.
Customers use our products to fund a range of projects, both long term and short term. Purposes include:
- Refurbishing or expanding your premises
- Purchasing inventory
- Buying new equipment
Understanding the purpose will help you choose the type of loan best suited to your needs.
2. Amount
Find out how much is needed to cover your current circumstances and future business requirements. Whether you’re looking to fund office refurbs or boost cash flow, our term loans are flexible enough to suit almost any business for any purpose.
For example, you can borrow up to £250K on an unsecured basis and up to £500K when secured.
We lend up to two times your monthly revenue. So, if your typical monthly turnover is £75K, we can lend up to £150K on your initial loan.
3. Repayments
If you’ve been trading for more than 12 months, you can borrow and repay with us over 3 to 60 months. Unlike borrowing from most lenders, you can make overpayments for free in line with our Penalty Free Promise.
Let us know what you’d prefer your monthly repayments to be, and we’ll find a term that works for you.
Loved by our customers
What are the key benefits of business loans?
When you choose one of our flexible business loans, you’ll get the capital you need to grow your business. Here’s why thousands of companies across the UK choose Fleximize for external funding:
Working capital support
A recent study showed that two in five SMEs have had to pause or stop areas of their business due to a lack of finance. With a business loan, you can put the funds to work immediately as they are not tied up in anything in the long term.
Unexpected issues, such as late payments or increased utility bills, can impact your cash flow. External financing can help you keep your business afloat and free up funds to grow it.
Flexibility
You’ll often need a business plan to outline how you plan to use your funding. But once the money is deposited, you can use it as you see fit.
All of our loans are packed with flexibility as standard, including top-ups and repayment holidays as standard.
Our Flexiloan and Flexiloan Lite are flexible enough to suit almost any purpose, from hiring staff to paying a tax bill. Check out our customer case studies to find out how our loans have helped SMEs like yours across the UK.
Convenient
Our term loans are a convenient alternative to other forms of finance, with repayment terms of up to 60 months tailored to you.
While the average bank loan can take weeks to complete, at Fleximize we’ve embraced technology to streamline the application process. Our Open Banking integration allows you to give us immediate access to bank records securely. It’s all part of our fuss-free process.
Easy to apply for
Business finance enables you to grow your business without having to wait for sufficient income generation.
It’s quick and easy to apply for our loans. There’s no need to book an appointment or fill out reams of paperwork like you would with a bank. Instead, once approved, you can receive your deposit in as little as 24 hours.
No profit sharing
Unlike equity finance, you don’t give up shares in exchange for the necessary capital when you take out a loan with us.
This means you maintain full control of your business and therefore don’t need to share profits.
No collateral required
Our unsecured loans offer greater accessibility to funding for:
- Businesses that might not have many assets.
- Business owners who would prefer not to offer them as collateral.
This also means that both the application process and funding are quicker, as there’s no need to wait for asset valuations from third parties.
Reasonable interest rates
Fleximize’s competitive UK business loan interest rates start from just 0.9% per month.
Not only that, but our Penalty-Free Promise means you’ll never have to worry about early repayment fees or hidden penalties. In fact, your interest is recalculated, so you only pay for the time you had the loan.
Check out our business loan calculator to find out how much your loan could cost, or see how your quote translates with our small business loan rate comparison tool.
Tax benefits
While the loan itself doesn’t qualify for a tax deduction, the interest paid on it can be recognised as a business expense.
Therefore, interest is tax-deductible as long as funds are used for specific business purposes, such as purchasing assets like plant and machinery. We recommend seeking guidance from a tax adviser before proceeding.
If you want to know more about how we can support your business, give our friendly team a call and you'll get straight through to someone who can help, like Ellie. Or, if you're ready to apply, get started by clicking the button below.
0207
100 0110
Your common questions answered
With seasonal fluctuations in demand causing peaks and troughs in revenue, it’s not uncommon for hoteliers to struggle with managing cash flow.
While traditionally this may have meant approaching the bank for a loan or extended overdraft, with alternative lenders like Fleximize you can have the money in your account in as little as 24 hours from approval.
Our quick online application process gives hoteliers the speed, ease, and flexibility to ensure big projects are completed in time for peak season. Fill out our simple online application form in just a few minutes.
If you need newer or better equipment to expand your business or if it breaks, you’ll need readily available funds to keep operations running at peak performance.
By avoiding upfront payments, you can better preserve your cash flow by choosing a business loan and spreading the cost over terms of up to 60 months.
A standard equipment finance provider will usually secure the loan against the asset itself. This is called equipment leasing.
Whilst it can aid affordability, it also means that vital equipment can later be recovered by the lender.
Hire purchase works similarly, with the key difference being that you will own the asset at the end of the term. This approach is useful if the asset retains its value in the long term.
Fleximize’s business loans are a popular alternative to traditional equipment or machinery finance. Choose between unsecured and secured options and obtain assets quickly, with the funds in your account in as little as 24 hours from approval.
As with starting any new business, franchising requires substantial investment to cover ongoing costs like:
- Staff salaries
- Royalty fees
- Utility bills
A franchise loan gives you the capital to either acquire a new franchise or develop an existing one.
At Fleximize, we tailor your loan to suit the needs and circumstances of your specific franchise model. Our flexible secured and unsecured loans are perfect for franchise owners looking to secure quick funding from £10,000 to £500,000, with terms of up to 60 months.
Do you have a question that you can't see? Check out our FAQ page.
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