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Fast business finance
There’s only so much you can plan for as a small business owner. You might not have enough working capital for surprises like machinery faults, unexpected bills or customers missing payments. Or maybe you need extra funds to seize an opportunity and buy more stock?
Whatever the situation, a quick business loan could offer the boost you’re looking for. Some alternative lenders, such as Fleximize, can even approve your application and transfer funds within 24 hours to help you tackle challenges right away.
Read more about how fast business finance works below, including who qualifies and how to apply with Fleximize.
What are quick business loans?
Occasionally, Small businesses need finance to act quickly. Many can’t afford to wait weeks for a decision from the bank, especially when an exciting opportunity pops up, or cash flow takes a sudden dip. That’s where quick business loans can come in.
Traditionally, a business owner must make an appointment and produce reams of paperwork to get a loan. But alternative finance providers like Fleximize can offer funding with:
A quick online application process
Quick approval
Swift transfers
It’s easy to see why alternative instant business loans are so popular nowadays. According to the British Business Bank, convenient application and speedy approval are the top two reasons for positive borrowing experiences among UK SMEs.
Apply online
Get a decision
Receive your funds
How long does it take to get a business loan?
The time it takes to get business funding usually depends on three key stages:
1. Loan Application
If you apply online with a lender like Fleximize, our secure online form can take only five minutes to complete.
Unlike traditional banks which require you to make an appointment that could take days or weeks to book in, with Fleximize, you’ll find out instantly if you’ve passed our initial eligibility checks.
2. Approval
The next step usually involves the lender conducting credit checks and reviewing documents such as bank statements and management or filed accounts before coming back with a decision.
If you need a business loan with fast approval, it helps to have these bits ready upfront. As Fleximize uses Open Banking to process applications, we're usually able to offer a final decision within 24 hours.
3. Funding
Once the lender has run compliance checks and both parties agree on the loan terms, all that’s left is to transfer the money to your account. We’ll do this on the same day as approval after receiving your signed loan documents.
Remember that the type of loan you apply for can also make a difference. Typically, secured loans tend to take longer to process than unsecured loans due to the extra-legal aspect involved with the assets.
At Fleximize, we can quickly turn around both types of loans. Our secured funding is designed as a backup if you don’t qualify for an unsecured loan or want repayment terms over 42 months.
What can I use a fast business loan for?
Our quick and easy business loans can be used for almost any purpose, including buying stock, taking on large contracts and upgrading machinery.
Securing new premises
If you’re searching for a new office or other business premises, securing the property will most likely require a deposit. This could be 10-20% of the property’s sale price or the equivalent of one to three months’ rent.
Our quick business finance can fund a deposit, helping you beat other businesses to your ideal property while spreading the cost over monthly instalments.
Landing that big contract
Opportunities can present themselves when you least expect them. For example, a small construction firm might find out at the last minute about a large project that’s been put out to tender - but fulfilling that contract may rely on buying expensive new machinery.
Other SMEs sometimes need extra working capital to bridge the gap between producing goods and receiving payment. Whatever the situation, a Fleximize quick business loan could cover the cost and help you seal the deal.
Paying your bills
Bills and invoices can be tricky to keep on top of, especially during quieter sales seasons. Occasionally, you’ll be hit with a bill that’s much larger than anticipated—or which you weren’t expecting at all. To protect cash flow and keep your business growing, you could borrow the money to help cover the cost.
Our quick business funding has helped many businesses with their bills, whether it’s quarterly VAT payments or supplier invoices.
Buying more stock
Stock control is crucial for retail businesses. If a large order comes in or demand suddenly spikes, you may need to buy in bulk or diversify your product range. Why not protect cash flow and fund the purchase with a quick small business loan?
Alan Barrie, owner of Montagne Sports, used a Fleximize loan to buy a large quantity of discounted stock from a supplier. “It’s not about getting finance to survive, it’s about getting finance to allow us to see opportunity and expand,” said Alan.
Loved by our customers
How does Fleximize’s quick business finance work?
By combining cutting-edge tech with a simple application process, we could fund your business within 24 hours. Here’s everything you need to know:
Quick business loans of £10,000 – £500,000 repaid over 3 – 60 months
Speedy online application with minimal paperwork
Approval and deposit in as little as 24 hours
No hidden fees or early repayment penalties
Interest is charged on a reducing balance, not the total loan amount
Repayment holidays and top-ups are available with all loans
Competitive interest rates starting from 0.9% per month
Does my business qualify for a quick UK business loan?
Approval criteria are different for every lender, but we try to say yes to as many businesses as possible. Whatever your size or industry, you could apply for a fast business loan with Fleximize if:
You’re a limited company or LLP
If you’re a sole trader or a non-limited partnership with less than four partners, we can lend a minimum of £25,000
Your business is based in England or Wales. We can offer an unsecured loan of up to £250,000 if you’re based in Northern Ireland or Scotland
You’ve been trading for at least six months
You have a minimum monthly turnover of £5,000
Our flexible lending criteria mean we won’t automatically dismiss a company with an inconsistent credit history. We take the unique circumstances of every business into account.
How much will my quick small business loan cost?
We offer interest rates starting from 0.9% per month, and there are no hidden fees to worry about. Our Penalty-Free Promise allows you to save on interest by repaying early too.
Use our business loan calculator below to get an instant estimate of your loan's cost, including potential savings through early repayment. For a tailored quote, call us on 020 7100 0110. Our team can create a quick business lending package tailored to your needs.
How much can I borrow?
We offer fast business loans for UK SMEs from £10,000 to £500,000, up to a maximum of two months’ revenue. So if you earn £30,000 in a typical month, you could borrow up to £60,000 initially.
If you need more, you can apply to top this up after making a few successful monthly repayments. Most of our customers do come back to us again for extra funding to support their growth plans.
Why apply for fast business finance with Fleximize?
We haven’t hung around since launching in 2014, lending over hundreds of millions to thousands of SMEs like yours. Here’s why you should get in touch for a quick business loan:
We’re fast: Need funds without any fuss? Apply online in minutes and get the boost you need in as little as 24 hours
We’re flexible: Avoid hidden fees and repay early at no extra cost. You can take advantage of top-ups and repayment holidays as standard, too
We’re personal: Your dedicated relationship manager will get to know your needs and make sure your funding meets them
We’re recommended: Our customers named us the Best Business Loan Provider and Best Alternative Funding Provider at the Business Moneyfacts Awards 2024
How to apply for our quick business funding
Applying for one of our quick and easy business loans couldn’t be simpler - just complete our short online form with a few basic details.
If your business passes our initial checks, a team member will contact you to walk you through the next steps. Once we have everything we need, you could be approved and receive your loan on the same day.
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