Name: Short-Term Business Loans
Brand: Fleximize
Rating: 4.9 (1001 reviews)

Short-term business finance for SMEs

One of the many challenges facing small business owners is securing the funding they need, whether that’s to expand their company, cover unexpected bills, pay for new stock and equipment, or support a recruitment drive.

If you need an injection of cash but don’t want to be tied into lengthy repayment periods, a short-term business loan could be the perfect solution. Alternative lenders like Fleximize can provide the funding you seek in as little as 24 hours, and that finance can then be used to overcome any obstacles standing in your way.

Read on for everything you need to know about short-term business finance, how it works, the application process, and why you can count on us as a responsible short-term business loan lender.

What is a short-term business loan?

Short-term business loans tend to be paid back over a period of one month to a year, and the money can be used for any purpose.

For example, SMEs might use short-term business finance to support their growth while covering a cash flow shortfall during quieter periods.

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What are the different short-term small business loan types, and how do they work?

There are various kinds of short term business loans, and selecting the right one for you will depend on the nature of your situation and the challenges you face.

Term loans

Term loans refer to loans that are repaid over a specified period of time, usually via regular monthly instalments. The lender will typically charge interest on the loan, which means the business will repay a little more overall than the amount they borrowed. These types of loans are usually either unsecured or secured.

Unsecured loans don’t require you to provide personal or company assets as security, so the application process for this form of short-term business finance tends to be quicker. However, because no security is pledged as collateral, lenders may see an unsecured loan as an increased risk. As a result, unsecured finance may offer a lower loan amount with a higher interest rate.

Whereas, secured loans mean businesses can usually borrow more at a lower interest rate because of the security they provide. However, this form of short-term business finance can take longer to receive approval and funding as the lender needs to value the company's assets.

Invoice finance

Invoice finance is a form of asset-based lending in which businesses borrow funds secured against the money they are due to receive from their customers. Rather than waiting for their invoices to be paid, companies can use this type of short-term business finance to receive most of the value of their due invoices and then repay the loan once their customers have settled their accounts.

Merchant cash advances

Merchant cash advances can be a valuable option for seasonal businesses that may experience some quieter months. With this type of unsecured funding, the total cost of the loan is agreed upfront and then repaid as a percentage of the company’s card takings. So, if a business performs well, it will repay more of the cash advance that month. If it has a quieter few weeks, it will repay less.

Bridging loans

Bridging loans are used by businesses to ‘bridge’ their funding gap—perhaps if they are waiting for a longer-term financing application to be approved. They usually require assets to be put up as security, and they tend to offer immediate cash flow relief but come with high interest rates. A bridging loan is often a popular choice for those in the property and construction sectors.

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What are the advantages of short-term finance loans?

A short-term business loan is a good option for companies that need funding but don’t want to repay the debt over several years. If a company's cash flow is put under strain by late payments or 90-day payment terms, or when an opportunity arises to buy stock, having reliable short-term business finance can make all the difference.

Several lenders offer a traditional fixed-term repayment plan. Under this plan, businesses repay a set monthly amount over an agreed-upon term, which could be anything from one month to a year. A fixed-term business loan can help companies plan, as they’ll know exactly how much they’ll be paying each month.

Short-term business finance options like our Flexiloan Lite include plenty of extra flexibility, like our Penalty-Free Promise. When you borrow from us, you’ll only pay interest for the time you’ve had your loan and won’t be charged any early repayment fees. Our loans also amortise, which means your interest payments will be based on the outstanding capital, not the initial loan amount. Other perks of our Flexiloan Lite include repayment holidays and top-ups.

If you want to know more about how we can support your business, give our friendly team a call. You'll get straight through to someone who can help, like Macauley. Or, if you're ready to apply, get started by clicking the button below.

Short-term business loans from Fleximize

Fleximize offers short-term business loans of £10,000 to £500,000. Available on a flexible term of 3 – 12 months, the Flexiloan Lite is perfect for companies with a pressing need for funding but doesn’t fit banks' strict lending criteria. Of course, if you’d prefer to split your repayments over a longer period, then our longer-term offering, the Flexiloan, can be repaid over terms of 12 – 60 months and could prove the ideal solution. But if it’s short-term business finance you’re seeking, here are the key details of the Flexiloan Lite:

Business loans of £10,000 – £500,000
Flexible repayment terms of 3 – 12 months
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. If you repay early, you repay less!
Repayment holidays and top-ups are available with all loans

At Fleximize, we try to find a way to say ‘yes’ to as many businesses as possible and will consider each business’ circumstances.

Flexiloan Flexiloan Lite

Our Flexiloan product is available to businesses trading for at least 12 months over a 12-48 month term.

months

Interest

£8,460.08

Total Repayment Amount

£58,460.08

Monthly Repayment

£3,247.78

Show potential savings through early settlement

Our Penalty-Free Promise means you won’t be charged extra for repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£58,460.08
Total Repayable if Repaid Early	£56,122.84
Interest Saving	£2,337.25

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 1.70%, which may not reflect your final rate. Please apply online for a tailored quotation.

A representative example of a loan of less than £25,000: 40.8% APR representative, based on a fixed annual rate of interest of 34.7% and an assumed loan amount of £15,000 over 18 months; equating to monthly repayments of £1,080.67 and a total repayable of £19,452.06.

Our Flexiloan Lite product is available to businesses trading for at least 6 months over a 3-12 month term.

months

Interest

£3,472.16

Total Repayment Amount

£33,472.16

Monthly Repayment

£4,184.02

Show potential savings through early settlement

Fleximize is committed to its penalty-free promise for customers repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£33,472.16
Total Repayable if Repaid Early	£32,476.26
Interest Saving	£995.90

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 2.50%, which may not reflect your final rate. Please apply online for a tailored quotation.

What can short-term finance loans be used for?

50% of small businesses rely on funding to cover some unforeseen costs, so it’s vital that SMEs have access to the finance they need to achieve their goals.

Our short-term business loans are available to business owners from almost any industry and can be used for practically any purpose. Here are some of the most common reasons that our customers need funding:

Business expansion
Renovation & refurbishment
Stock purchasing
Expanding your premises
Cash flow
VAT payments
Staff training
Marketing activities

Whatever your needs, we'll work closely with you to create a short-term business finance package that suits you and your company. If you are approved, one of our relationship managers will guide you through the application process and serve as an ongoing point of contact.

Check your eligibility for short-term business finance

We offer short-term business loans to UK-registered limited companies and LLPs.
To be considered for our Flexiloan Lite, your business must have been trading for at least six months and must have a minimum monthly turnover of £5,000.
We also lend to sole traders and non-limited partnerships with less than four partners. If these criteria apply to you, the minimum we can lend is £25,000.
We can lend up to a maximum of two months' revenue, and we can only support non-homeowners who have been trading for over 36 months with a maximum of £20,000.

We want to approve as many applications as possible, and we don’t demand the same strict criteria as banks. So, even if your business displays an inconsistent credit history, rest assured that it’s not the only factor we consider.

Why choose Fleximize for short-term finance loans?

There are several reasons why we’re regarded as one of the UK’s leading short-term business loan lenders, including:

We’re efficient: We offer fast short-term business loans with minimal paperwork and funds typically deposited within 24 hours.
We’re flexible: We want your funding to work for you, so we offer between £10,000 and £500,000 to be repaid over 3 – 12 months with top-ups and repayment holidays available.
We’re award-winners: Our stellar work has earned us plenty of industry awards and recognition, including being named the Best Business Loan Provider and Best Alternative Funding Provider at the Business Moneyfacts Awards 2024.

We’re trusted: We have a rating of ‘excellent’ from a thousand independent reviews on Trustpilot, and our customer case studies truly reflect how our short-term business loans have helped other companies achieve their goals.

Apply for a short-term business loan

Applying for a short-term small business loan with Fleximize couldn't be easier. Just click the button below, complete our simple application form and one of our team will be in touch before you know it.

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