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.
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| 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 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.
Below £250,000, Fleximize can often provide loans with just a personal guarantee, but for all loans over this figure, it’ll need security.
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:
| Name | Established | Description | ||
|---|---|---|---|---|
 |
Kriya | 2010 | Fixed rate unsecured peer-to-peer loan | More info |
 |
iwoca | 2011 | Variable rate unsecured loan | More info |
 |
Nucleus | 2011 | Fixed rate unsecured loan | More info |
 |
Funding Circle | 2010 | Fixed rate unsecured line of credit | More info |
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.
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.
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.
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