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Finance for retail businesses
The market has been riding a wave of uncertainty since the pandemic, with concerns over interest rates and the broader economic environment playing a huge factor in slowing the growth of British retailers. We’re here to help SMEs like you secure the funding you need to regain confidence and achieve your business goals. Read on to learn more about retail finance, what it can be used for, and how to get it.
What is a retail business loan?
A retail business loan can help you hit targets across a number of areas within your business. Whether you need to purchase more stock, launch a marketing campaign, or expand premises, we understand you need a pool of funds available, and a business loan is the perfect solution for this.
To save you from waiting weeks for your loan application to be approved by a traditional lender, we’ve looked at what SME retailers like you need to achieve their goals. That’s why we offer the fast, flexible funding you need to take your business to the next level - we’re so committed to Flex-ibility, it’s in our name! With our aim to deposit funds to SMEs in as little as 24 hours, you could join millions of retailers on their growth journey with us by applying in just a few steps.
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 Abi. Or, if you're ready to apply, get started by clicking the button below.
0207
100 0110
Retail business loans from Fleximize: Are they secured?
A small retail business loan from Fleximize is the perfect form of finance for retailers like you. Our loan options, the Flexiloan and Flexiloan Lite, offer the speed and flexibility you need as an SME operating in the retail industry and come with the option of being secured or unsecured.
Our team will review your application and assess which option suits your business best. We tend to give your business a choice of either in our letter, with the secured offer coming with a greater loan amount.
Want to dive deep into our products? You can discover more on our services page, but we’ve hand-picked some key features of our funding options below:
- Business loans of £10,000 – £500,000
- Terms range from 3 – 60 months
- Unsecured and secured options available
- Approval and deposit in as little as 24 hours
- No hidden fees or early repayment penalties
- Interest rates starting from 0.9% per month
- We charge interest on a reducing balance
- Repayment holidays and top-ups come with all loans
- Access to exclusive discounts on industry-leading business services
Rest assured, we consider far more than your company's credit history during our decision-making process, which means you can apply with confidence. You’ll be assigned a dedicated relationship manager who will work closely with you to create a retail finance package tailored to your business’s needs.
What can a retail business loan be used for?
The UK retail sector is worth a whopping £462bn, accounting for one-third of consumer spending in the UK alone. Over a fifth of e-commerce sales made up overall retail sales in 2023, so it’s no surprise we’ve seen a growth in the number of online retailers over the last decade.
We understand that you have goals in many areas of your business as a retailer, but reaching them can sometimes be challenging due to the industry’s constant changes. Having a cash buffer can give you the flexibility to react to these changes and transform them into opportunities for your business.
If you expect an increase in sales, you could use retail finance to reach your desired inventory levels and maximise profit.
Looking to hire fresh talent? A retail business loan could fuel your recruitment process.
Is your website performing as well as it should, and could it use a revamp? With retail finance, you can make all the necessary changes to your website and business to make it thrive.
You can use our funding to purchase premises for your retail business. Check out our £250K and £500K pages for more information on fueling the purchase of a commercial property.
From bridging a gap in cash flow to paying unexpected VAT bills, we’ve stated only a few reasons why retailers like you seek funding. So, wherever your business journey takes you, a retail business loan can support the path to get you there.
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Check your eligibility for a retail business loan
- We offer retail business loans to companies based in the UK.
- Your business must have been trading for at least six months with a minimum monthly turnover of £5,000.
- We can offer a minimum of £25,000 to sole traders or non-limited partnerships with fewer than four partners.
- For businesses based in Scotland and Northern Ireland, we can offer unsecured loans of up to £250,000.
- We can only support non-homeowners who have been trading for 36 months with a maximum of £40,000.
We don’t have the same strict lending criteria as banks and want to say “yes” to as many SME retailers as possible. So, even if your credit score is a little below par, remember that it’s not the only factor we’ll consider when reviewing your application.
How much do retail business loans cost?
The interest rates on our loans start from just 0.9%, but you can use our business loans calculator to get an idea of your repayments.
The overall cost will depend on your unique situation because your finance package will be tailored to the needs of your business. Under our Penalty-Free Promise, you can repay early to save on interest without incurring additional fees - we don’t penalise you for growing fast.
We assure you that there’ll be no hidden fees or nasty surprises as your dedicated relationship manager will inform you of your loan terms from the beginning. To start your journey today and receive a tailored quote, speak to a friendly member of our team on 020 7100 0110.
How to apply for a retail business loan with Fleximize
Applying for retail finance with Fleximize couldn't be simpler. Just pop the kettle on and fill out our short online form with a few basic details.
If your business passes our initial checks, we'll be in touch to take you through the final steps. We recommend being completely upfront with us from the start of your journey so we can get your application through quickly. Once we have everything we need, your application could be approved and funded on the same day. How’s that for speed?
Why choose Fleximize as your retail finance provider?
We’ve lent hundreds of millions to thousands of businesses across the UK, and we’re not stopping here. We strive to help SMEs like you get the funding you need to thrive, so here’s what you can expect when you apply for retail finance with us:
- Fuss-free: Applying online takes minutes and you could receive a decision in as little as 24 hours.
- Flexibility: Repayment holidays and top-ups come with every loan package.
- A personal service: Your dedicated relationship manager will work closely with you to ensure your retail finance is tailored to your needs.
- Award-winning: We have been crowned the Winners of Best Business Loan Provider at the Moneyfacts Awards 2024 and have many other wins under our belt.
- Glowing recommendations: We’re rated ‘excellent’ on Trustpilot, and our numerous case studies show how highly our clients value what we do for them.
And that’s it. Get in touch today for a tailored quote and join thousands of retailers on their journey with us.
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