Fleximize - Flexiloan Lite

Fleximize - Flexiloan Lite

What is your product?

Borrow between £5,000 and £500,000 with repayments between 3 and 12 months. Top-ups and repayment holidays are available.

How does it work?

You can apply for a Flexiloan Lite online in minutes. You’ll instantly be notified of the outcome of our initial checks. If you’re successful, we’ll ask you to send over some documents and funds can be sent in as little as 24 hours.

How would a business use your product?

A variation of our main term loan, the Flexiloan Lite is best suited to businesses who are in the early-stage growth phase and need some fast cash flow, such as to purchase stock. It’s also well-suited to more established businesses as a bridging loan alternative to cover an urgent VAT or tax bill.

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. Interest rates range from 1.9% to 3.9% per month.

How long does it typically take to secure funding?

If you provide all the information we need as soon as possible, we can also deposit the funds within 24 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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Find your business

Enter a funding amount between £500 and £50,000,000.
Please indicate what you need the funding for.