Flexible Business Loan (Secured)

Flexible Business Loan (Secured)

What is your product?

At Fleximize, we offer business finance in the form of secured loans of up to £500,000 for 1-48 months.

How does it work?

We aim to approve loan applications within 24 hours. If you provide all the information we need as soon as possible, we can also deposit the funds within 48 hours of receiving your application.

How would a business use your product?

Businesses use our loans for a variety of reasons, such as to employ a new member of staff or to move to larger premises. Due to the fact that we can provide you with the finance within 48 hours of application, many businesses are able to use our loans to capitalise on time-sensitive business opportunities, such as purchasing reduced stock.

What are the approximate costs?

Fleximize does not charge any set-up, application or arrangement fees. You'll simply be charged the interest on your loan. We also don’t charge any early repayment fees, resulting in our customers saving an average of 44% on interest if they repay early.

How long does it typically take to secure funding?

We aim to approve loan applications within 24 hours. If you provide all the information we need as soon as possible, we can also deposit the funds within 48 hours of receiving your application.

What type of security or other requirements do you have?

We require a personal guarantee from at least one director or shareholder in the business for all loans. We may seek an equitable charge over your personal or commercial property and we may also need additional security in the form of a debenture depending on the state of your business.

What supporting documents are needed?

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. Depending on the complexity of your business, we might ask for further documentation, but we'll ensure this is as hassle-free as possible.

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