Fleximize is a direct lender (not a broker) launched in 2014 with the aim of providing small and medium-sized enterprises (SMEs) with the sort of financing options usually reserved for larger companies. The Ipswich-based lender says that banks and other big financial institutions have made it much harder than it needs to be for companies to get working capital.
With penalty-free early repayments and top-ups plus a repayment holiday facility, Fleximize is all about – you guessed it – the flexibility. It lends to a variety of industries including retail, construction, manufacturing and property.
It offers secured and unsecured loans from £5,000 to £500,000, which are repayable over a period of 3 to 48 months, and funds can be deposited in as little as 24 hours.
Quick overview of Fleximize business loans
Minimum trading period
Not specified
Loan terms
From 3 to 48 months
Loan amounts
From £5,000 to £500,000
Minimum turnover
Not specified
Fleximize unsecured loans at a glance
Fleximize will lend up to a maximum of two months’ revenue, so if your typical monthly revenue is £10,000, it’ll be able to lend up to £20,000.
Interest rates are fixed for the duration of your repayment period. However, the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, the performance of your business and its credit rating. This may differ from the advertised “representative APR”.
You’ll benefit from ongoing support from a dedicated relationship manager plus exclusive discounts on market-leading business tools from Fleximize’s network of B2B partners.
Ticking yet another flexibility box, Fleximize can also review your company for a lending top-up provided you’ve met your first three monthly repayments on time.
Fleximize secured loans
Below £250,000, Fleximize can often provide loans with just a personal guarantee, but for all loans over this figure, it’ll need security.
Fleximize key features
Am I eligible for a Fleximize business loan?
You should only apply for an Fleximize business loan if you’re certain you can meet the repayment terms. You must also meet the following eligibility criteria:
How can I apply?
Complete the online application form with some details about your business. Fleximize will ask for all bank statements covering the previous 3 months of trading, the most recent set of management accounts and a summary of your previous 12 months’ revenue. You can upload these via the website once you have submitted your application. Depending on the complexity of your business, Fleximize may ask for further documentation.
Receive a decision in principle within 24 hours.
You will be allocated a relationship manager who will call you and take you through a proposal customised to your needs.
When it gets your application, Fleximize will carry out a credit and affordability assessment based on the information you have provided, plus a search from a credit reference agency.
After you’ve signed your finance agreement, your funding will be sent to your bank account within a few hours.
Fleximize has received positive reviews from customers according to review website Trustpilot, where it currently has an “excellent” rating of 4.9 out of 5, based on over 580 reviews (updated May 2022).
Over 90% of customers on Trustpilot gave Fleximize an “excellent” review, with people highlighting their customer service, quick turnarounds and straightforward application process.
Customer support
You can contact customer support by filling out an online form which can be found on te website, or alternatively you can call Fleximize on 020 7100 0110.
The bottom line
With decent early repayment terms, the option to top-up loans and even to take “repayment holidays”, Fleximize is best-suited to companies with cash flow that isn’t 100% regular that would benefit from flexibility in paying back finance.
Frequently asked questions
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, track application and loan progress, upload supporting documents, and access exclusive offers and discounts on tools to help you run your business.
It will 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 this analysis, but it also looks at other aspects, including the business’s trading history and affordability. Fleximize will only lend to you if it believes your business can afford the repayments.
It usually requires a personal guarantee from at least one director or shareholder in the business. The guarantee means that you’re personally responsible for disclosing your revenues and making correct payments to Fleximize, as well as adhering to other terms of the financing, for example informing the lender of any new bank accounts or credit agreements. For secured loans, Fleximize may seek an equitable charge over your personal or commercial property.
The easiest way to repay your Fleximize loan is by setting up a standing order. You can also choose to pay by bank transfer or debit card if preferable.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio
Chris's expertise
Chris has written 612 Finder guides across topics including:
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