The South East of England has a strong and varied array of industries in rural areas and towns, ranging from electronics and aerospace to healthcare, financial services and tourism. In addition to this, towns such as Brighton, Guildford, Maidstone and Chelmsford have all weathered recent economic uncertainty well, and continue to have thriving business ecosystems.
With key transport infrastructure – Heathrow and Gatwick airports, the Channel Tunnel and high-speed access to the Continent – SMEs are ideally located to attract local, national and international trade. Close to the UK's main business hub of London, they’re also positioned very attractively for potential investors. However, if you’re not planning on giving away equity in your business, there are other local funding options that can boost your SME while ensuring you retain total control.
South East Business Loans
Here's a list of alternative lenders that can provide funding to small and medium sized businesses in the South East.
Fleximize – Limited companies, LLPs, and non-limited partnerships with four or more partners are eligible to apply for loans from £5,000 to £500,000, and sole traders or non-limited partnerships with less than four partners can apply for loans over £25,000. Whether you’re an early-stage or established business, Fleximize's relationship managers work closely with you to find the best possible business finance for you. Repayment terms span one month to 48 months, and you only need to be trading for a minimum of six months.
Let’s Do Business – Business loans are available for SMEs in Sussex, Kent, Surrey, Essex and Hampshire that have been trading for at least one year and are unable to access a traditional bank loan. Applicants can borrow between £3,000 and £50,000 over a maximum term of 60 months. The provider also offers startup loans and Enterprise Finance Guarantee loans.
East Sussex Business Loans - Brought to you by East Sussex Invest 5, this fund is an East Sussex County Council and Regional Growth Fund programme to create jobs and promote the local economy. Loans range from £10,000 to £200,000 and require minimum match funding of 50%. You'll also find that there is an arrangement fee of £500.
Thomas Arneway Trust – This charity lends to small businesses in Bedfordshire, Berkshire, Buckinghamshire, East Sussex, Essex, Hampshire, Hertfordshire, Kent, Surrey and West Sussex. You need to be a startup or early-stage enterprise. Loans are made to you personally, and you'll need two guarantors who’ll be prepared to repay the loan if you default. Successful applicants can borrow up to £20,000, with repayment terms of up to three years and loans are offered at 1% above the base rate.
Thames Valley Berkshire Expansion Loan Scheme – Limited companies in Berkshire can apply for loans ranging from £50,000 to £300,000. Repayments terms go up to five years, and an additional 5% of the loan amount could be available to enable SMEs to secure support for investment.
Financing Start Up Enterprise - This Start Up Loans provider can provide finance to businesses yet to launch or those that have been trading for up to 12 months. The scheme also provides free access to business mentoring advice. You can apply for a loan whether you are employed, unemployed or studying at the time of application. Loan terms can run for up to five years, and interest rates are typically 6% per annum (6.2%APR).
You can browse the full list of Start Up Loans delivery providers in the South East here.
Apply for a business loan today
If you want to enjoy the benefits of a small business loan, then click on the Apply Now button below to find out how much you can borrow from Fleximize. Or give the team a call for a chat about your funding options on 020 7100 0110.
Alan Barrie, owner of Newbury-based Montagne Sports, has borrowed from Fleximize on a number of occasions. Thanks to Fleximize’s speedy approval process, Alan was able to secure funding for a new premises in 2016, followed by a quick injection of capital in 2018 to purchase discounted stock from a supplier. Watch the video below to hear how Fleximize were able to help Alan out, or click here to read his story in full.
If you’re looking for a small business loan, call us on 020 7100 0110, and our friendly UK-based team will be happy to answer any questions you might have. If you’re ready to start your application, simply click the button below.