West Midlands Business Loans - Borrow from £10k to £500k - Fleximize

Small Business Loans West Midlands

SMEs in the West Midlands have a huge choice of business loans right on their doorstep

The West Midlands has a heritage in manufacturing and services, and the region's modern-day SMEs continue the local traditions with a focus on exporting. It’s the only UK region to ship the majority of its products and services to China.

Businesses in Shropshire, Herefordshire and Worcestershire, Coventry and Warwickshire, Birmingham, the Black Country and Staffordshire also focus on sectors like advanced engineering, ICT, the creative industry, healthcare, agriculture, construction and professional services.

West Midlands Business Loans

If you're looking for a business loan in the West Midlands, here are a few alternative finance providers to bear in mind:


Fleximize offers flexible business loans between £10,000 and £500,000 for limited companies, LLPs and non-limited partnerships with four or more partners. Sole traders or non-limited partnerships with less than four partners can apply for a loan of over £25,000. Fleximize offers a suite of funding options, designed to fit your business' unique needs. The swift decision-making process helps SME owners get on with building their business, with money often deposited within 48 hours of submitting a quick online application.

You can find out more about our products by visiting our services page, but here are the key features of our financing options for SMEs based in the West Midlands.

Apply for a business loan

Midlands Engine Investment Fund (MEIF)

The MEIF is a collaboration between the British Business Bank and 10 Local Enterprise Partnerships (LEPs) in the West, East and South East Midlands. They provide loans and business support to SMEs that contribute to regional economic development and job creation. Loan periods can go up to five years and loan amounts vary from between £25,000 to £1.5 million.

National Tooling Loan Fund

This is a specialist funding programme for toolmakers and component manufacturers to get support for designing, developing and producing tooling products, or expansion of tooling capacity. Loans range between £50,000 and £2 million. Businesses need to show that they’ve had problems finding funding elsewhere and they’re creating new jobs, among other criteria.


SMEs in Coventry and Warwickshire can benefit from regional business loans from this not-for-profit organisation if they've been declined for traditional bank funding. Startups and growing enterprises can apply for loans between £1,000 and £75,000 over a term ranging from six months to five years. Businesses outside of Coventry and Warwickshire may also be considered for funding.


If your startup or established SME needs a business loan between £10,000 and £150,000 this local funding provider could help. The loans are designed for the needs of West Midlands-based businesses that can’t access financing from mainstream funders like high street banks and that are making a positive social, environmental or economic contribution to the region.


Impetus are able to offer business loans to businesses in the West Midlands who may have been rejected for funding by their bank or have a poor credit score. Loans range from £1,000 to £150,000 and successful businesses will also have access to ongoing finance mentoring. Repayment terms usually range from one to five years. Startups can also apply for funding with Impetus, ranging from £500 to £25,000.

Mercia Fund Managers

This finance provider offers loans ranging from £100,000 to £1 million to startups and established businesses. Loans terms can run for as long as five years and can be tailored to each business with competitive rates which are fixed for the agreed term.

Frontier Development Capital

Investments are available from £250,000 to £2 million and are available to SMEs working in any sector within the West Midlands county. Businesses must be trading for at least two years.


Businesses and social enterprises based in the West Midlands can apply for a loan ranging between £10,000 to £150,000 with a repayment term of six months to seven years. Most loans are underwritten on an unsecured basis, but larger loans may need security or personal guarantees. Businesses from all sectors are invited to apply, but those able to demonstrate that the funds will create local jobs and wider social impact may find more success with these loans.

For more information on other finance options around the UK, take a look at our Startup Guide to Business Funding, or Guide to Alternative Finance. You can also explore startup providers in the West Midlands on the British Business Bank's website.

Apply for a business loan today

Fleximize has a great deal of lending experience and understands how small businesses operate, and why they need flexible funding. You can apply for a Fleximize small business loan today using our quick and easy application form. If you'd rather speak to one of our relationship managers first about the business finance we offer, feel free to call us on 020 7100 0110.

Once we have received the documents we need to complete your application, you'll receive a lending decision in as little as 24 hours. If your business has been approved, you could even receive your loan on the same day.