Answers to your most pressing questions about Fleximize

If you're looking for answers about our business funding, you've come to the right place. To make your life easier, you can navigate to any of the following sections:

  1. How it works
  2. Applying for a loan
  3. Repaying a loan

We're always happy to help, so if your question isn't on the list, please get in touch via our contact us page, and we'll back to you with an answer as soon as possible.

General criteria

What kind of businesses do you fund?

We fund limited companies and LLPs registered in the UK. Sole traders, or non-limited partnerships with less than four partners, can apply for a loan of over £25,000.

What industries do you lend to?

We lend to companies from a multitude of industries, including but not limited to retail, construction, manufacturing and property. 

Do you lend to startups?

At the moment, we can only lend to businesses that have at least six months’ trading history. Once you’ve been trading for six months, we’d be delighted to consider your business for funding, so please get in touch.

What is the minimum lending criteria?

To be considered for funding, your company needs to have been actively trading for at least six months and have a minimum monthly turnover of £5,000. We can lend up to a maximum of two months' revenue, so if your typical monthly revenue is £10,000, we'll be able to lend up to £20,000.

Will you lend if I have bad credit?

We take several factors into account when assessing the strength of an application. Credit history (of all the directors of the business) makes up part of our analysis, but we also look at a number of other aspects, including the business’ trading history and affordability. We do try to say "yes" to as many businesses as possible. However, as a responsible lender we'll only lend if we believe the business can afford the repayments and that it'll benefit the business.

What are the benefits of borrowing from Fleximize?

Fleximize offers industry-leading flexibility and first-class customer service, as evidenced by its 'Excellent' rating on independent review site Trustpilot. Every Fleximize loan comes packed with flexible features as standard, including top-ups and repayment holidays, and there are no hidden fees or early-repayment penalties. All Fleximize customers are given access to exclusive discounts on market-leading business tools from its network of B2B partners.

What if I'm based in Scotland or Northern Ireland?

If you're based in Northern Ireland or Scotland, you will not be able to apply for a secured loan. Please refer to our unsecured loans instead, or call us on 020 7100 0110 to discuss our other lending options available to you.

How it works

How much can I borrow?

We can lend up to £250,000 on an unsecured basis, and up to £500,000 if the funding is secured. Initial lending amounts are capped at a maximum of two months' revenue, so if your typical monthly revenue is £50,000, we'll be able to lend up to £100,000. We can also review your company for a funding top-up after three successful repayments.

How long can I borrow for?

You can borrow over a term of one to 24 months on an unsecured basis, and up to 48 months on a secured basis. Let us know how long you need the money, and we’ll organize a term that works for you.

How much will it cost?

We offer competitive rates starting from 1.5% per month with no hidden fees and no penalties for early repayment. In fact, if you repay early, your interest will be recalculated so that you only pay for the time you had the loan. Check out our quote page to get an idea of how much your loan could cost. 

What if I can't borrow the amount I want?

We can lend up to a maximum of two times your monthly turnover. So, if your typical monthly turnover is £25,000, we won't be able to lend above £50,000. Depending on your needs, you may be able to take the amount that we offer, then later on — after a few successful repayments — top up your loan.

Will I be credit checked?

Once your application is submitted, and with your permission, we will run credit checks on the business, as well as its directors. More information can be found in the Privacy Policy.

What is a dedicated relationship manager?

Our team of dedicated relationship managers handle the underwriting of your loan application. You'll be assigned a dedicated relationship manager once your application passes our initial checks. Having a single point of contact means less hassle for you, and it means we can approve your application quicker.

How can I check my credit reference details?

If you need to check your credit reference data, you can contact the Credit Reference Agency (CRA) directly. Here are the details of the CRAs we work with:

Experian Landmark House

Experian Way, NG2 Business Park NG80 1ZZ

Equifax Customer Service Centre

PO Box 10036, Leicester, LE3 4FS

Callcredit Information Group

PO Box 491, Leeds LS3 1WZ

Do you require any security?

We usually require a personal guarantee from at least one director or shareholder in the business. The guarantee ensures that you're personally responsible for disclosing your revenues and making correct payments to us, as well as adhering to other terms of the financing, e.g. informing us of any new bank accounts or credit agreements. For secured loans, we may seek an equitable charge over your personal or commercial property. 

Applications to Fleximize

Applying for a loan

How do I apply?

The easiest way to apply is to click here and fill in our simple application form. Alternatively, you can apply over the phone, so please feel free to give us a call on 020 7100 0110.

What supporting documents will I need to provide?

As standard, we ask for all business bank statements covering the last three months of trading, the most recent set of management accounts, and a summary of your last 12 months' revenue, broken down by month. You can upload these via your Fleximize Member Area, once you have submitted your application. Depending on the complexity of your business, we might ask for further documentation, but we'll ensure this is as hassle-free as possible.

How long will it take to receive the funds?

We can deposit funds to your designated bank account the same day as approval, upon receipt of signed loan documents.

The website isn't letting me submit my application. Why?

It’s possible that conflicting information is being entered in the application form. If this is the case, our form may not allow you to get through to the next stage. If this happens, please give us a call on 020 7100 0110 and we’ll sort it out immediately.

How can I manage my application?

Once you have submitted your application, you will be prompted to finish setting up your Fleximize Member Area. This is a dashboard that enables you to manage your account with us, track application and loan progress, upload supporting documents, and access exclusive offers and discounts on tools to help you run your business. 

Click here to go to your Member Area.

I can't log in. Help!?

If you applied online, you can access the Fleximize Member Area using the email address and password provided in your application.

If you are having problems accessing your Fleximize Member Area, it could be one of two things - if you haven't set up your member area, please give our team a call on 020 7100 0110 and we will help you get set up in seconds. If you've forgotten your log in details, you can reset them by clicking the reset password link.

Fleximize Repayments and Billing

Repaying a loan

How do I repay my loan?

The easiest way to repay your Fleximize loan is by setting up a standing order with us. However, you can also pay by bank transfer or debit card if preferable.

Do you charge any fees?

If you come directly to us, there's absolutely no set-up, application or arrangement fees. You'll simply be charged the interest on your loan.

Can I repay early?

With Fleximize, you can repay your loan early free of charge. We'll even recalculate your interest so that you only pay for the time you had the loan.