Manufacturing Loans

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Manufacturing finance

While many companies have shifted operations abroad, manufacturing still accounts for a significant portion of the UK's output and employment. The growth of UK manufacturing production and new orders has hit a two-year high, with 63% of companies expecting output to expand over the coming year.

That said, SMEs like you in the manufacturing industry need a significant cash buffer to cope with this growth and sector-specific challenges, such as worldwide skill shortages, supply chain issues, and rising costs. You could unlock capital for your manufacturing business with one of our fast, flexible business loans tailored to your needs.

Read on to discover more about our manufacturing finance, what it can be used for and whether you’re eligible for a manufacturing loan.

What is manufacturing finance?

Manufacturing financing refers to commercial funding specifically designed for manufacturers and producers like you. There are many types of finance available to manufacturing businesses, such as working with angel investors or venture capitalists. However, if you aren't ready to give up a stake in your manufacturing company, a manufacturing business loan might be a better way of securing capital.

Manufacturing loans from Fleximize

Our fast and flexible business loan packages have given thousands of UK SMEs access to financial support, including those in the manufacturing industry like you. We offer two products, the Flexiloan and the Flexiloan Lite, with secured and unsecured options. Other key features of our products include:

• Business loans of £5,000 – £500,000 over 3 – 60 months
• Interest rates starting from 0.9% per month
• Once approved, deposit in as little as 24 hours
• No hidden fees or early repayment penalties
• Interest is charged on a reducing balance
• Repayment holidays and top-ups available with all loans
• Exclusive discounts on industry-leading business services and tools through our Member Marketplace

We always want to say ‘yes’ to as many SMEs as possible. As long as your business has been trading for longer than six months and passes our basic credit checks, you could be eligible for Fleximize’s manufacturing loans.

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What can you use manufacturing finance for?

Because of the recent growth of the UK manufacturing industry, we understand that you’ll need capital to keep up with the demand and changes. Luckily, our manufacturing loans can be tailored to almost any purpose. Some common uses include:

• Purchasing assets and raw materials
• Hiring specialist staff
• Investing in technology
• Managing general cash flow

Our manufacturing finance is also great for paying VAT bills and financing a mergers and acquisitions transaction (M&A), with terms ranging from 3 to 60 months.

How much does manufacturing finance cost?

The interest rates for our manufacturing loans start at 0.9%, which is charged against a reducing balance instead of the full loan amount. Under our Penalty-Free Promise, we guarantee you’ll never face early repayment fees, so you’ll save money by paying ahead of schedule.

If you’d like a more accurate estimate of how much one of our manufacturing loans would cost your business, why not try our award-winning business loan calculator? Alternatively, you can call us on 020 7100 0110, and one of our experts will put together a tailored quote for you.

Check your eligibility for a manufacturing loan

Our loan application process has been designed to offer a speedy path to funding for your manufacturing business. There are a few basic requirements to consider before applying for manufacturing finance with Fleximize:

• Your business must be UK-based.
• You must have at least 6 months’ trading history with a minimum monthly turnover of £5,000.
• 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 not a homeowner, you can apply for up to £20,000, provided you’ve traded for over 36 months.

Apply for a manufacturing loan today

Applying for a manufacturing loan with us is quick and easy. All you have to do is fill out our simple application form with a few details - it only takes a few minutes! If your business passes our initial checks, we'll be in touch to advise you on the final steps. The funds could be with you in as little as 24 hours once approved, so what are you waiting for?

If you’d like to learn more about our products and process or have any other queries, visit our FAQs page or call 020 7100 0110 to speak to one of our friendly relationship managers.

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