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Fleximize is a direct lender offering unsecured business loans up to £250,000 and secured loans up to £500,000. To be eligible for a Fleximize loan, you will need a minimum monthly turnover of £5,000.

Since Fleximize offers loans to businesses that have only been trading for six months, it could be an option if you are in the early stages of your growth. And you will be able to repay your loan in full before the term ends for no extra cost. However, how much you can borrow will be limited by your monthly turnover, and you will need to provide a personal guarantee.

Representative APR
Available on application

Available amounts
£5,000 – £500,000

Available Terms
1 – 4 years

Representative Example
Available on application

NerdWallet's Review Summary

Direct lender Fleximize offers customers unsecured business loans up to £250,000 and secured loans up to £500,000. Businesses must have a minimum monthly turnover of £5,000 to apply. To find out more, read NerdWallet’s Fleximize Business Loans Review.

Fleximize business loans key features:

Loan variety: In the Flexiloan and Flexiloan Lite, Fleximize caters to established organisations and newer businesses.
Borrow as much as £500,000: A Fleximize loan gives you the option of borrowing a maximum of £500,000 (or £250,000 for unsecured loans).
Short-term focus: Terms are between three and 12 months for the Flexiloan Lite, or 12 to 48 months for its Flexiloan. However, this is capped at 36 months for unsecured loans.
No early repayment fees: Borrowers can overpay their loan, or pay it back in full before the term ends, without worrying about fees.

NerdWallet's Pros & Cons

Pros

With Fleximize, you can borrow between £5,000 and £500,000, with unsecured loans capped at £250,000.
Fleximize offers short- to medium-term lending, with term lengths of three to 12 months for Flexiloan Lite, and 12 to 48 months for its standard Flexiloan, capped at 36 months for unsecured loans.
Fleximize offers business loans for newer organisations that have only been trading for six months with its Flexiloan Lite option.
You can repay your Fleximize business loan early at no extra cost, and you will only pay interest for the time you’ve actually had the loan.

Cons

Fleximize has limited remote customer service options, with only an online contact form and phone line only on weekdays. You can visit the company’s HQ, but this is just one location, in Ipswich.
All Fleximize products, including secured loans, require a personal guarantee from at least one director or shareholder. Secured loans also require an equitable charge, which means the lender may claim equity in a property if the borrower defaults on the loan.
You can only borrow a maximum of £250,000 on an unsecured Flexiloan or Flexiloan Lite if you are based in Scotland or Northern Ireland.
Sole trader and non-limited partnership loans start at over £25,000.
Non-homeowners can borrow a maximum of £20,000, and only as long as the business has been trading for over 36 months.

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Key features

Flexiloan and Flexiloan Lite
Fleximize has different loan products for more established organisations trading for longer than a year, and newer businesses who have only been trading for six months.
Borrow up to £500,000
With a Fleximize loan, you can borrow a minimum of £5,000 and a maximum of £500,000 (or £250,000 for unsecured loans).
Short- to medium-term borrowing
Fleximize offers terms of three to 12 months for its Flexiloan Lite, and 12 to 48 months for its Flexiloan, capped at 36 months for unsecured loans.
No early repayment fees
You will not be penalised if you want to overpay your loan, or pay it back in full before your term ends.

Fleximize business loans pros & cons

Pros

With Fleximize, you can borrow between £5,000 and £500,000, with unsecured loans capped at £250,000.
Fleximize offers short- to medium-term lending, with term lengths of three to 12 months for Flexiloan Lite, and 12 to 48 months for its standard Flexiloan, capped at 36 months for unsecured loans.
Fleximize offers business loans for newer organisations that have only been trading for six months with its Flexiloan Lite option.
You can repay your Fleximize business loan early at no extra cost, and you will only pay interest for the time you’ve actually had the loan.

Cons

Fleximize has limited customer service options, with only an online contact form and phone line. You can visit the company’s HQ, but this is just one location, in Ipswich.
All Fleximize products, including secured loans, require a personal guarantee from at least one director or shareholder. Secured loans also require an equitable charge, which means the lender may claim equity in a property if the borrower defaults on the loan.
You can only borrow a maximum of £250,000 on an unsecured Flexiloan or Flexiloan Lite if you are based in Scotland or Northern Ireland.
Sole trader and non-limited partnership loans start at over £25,000.
Non-homeowners can borrow a maximum of £20,000, and only as long as the business has been trading for over 36 months.

The pros and cons featured here are chosen by us based on a combination of our expert, research-based opinions and an exclusive survey of UK business owners and decision makers. The survey was conducted on behalf of NerdWallet UK in December 2022 to identify the business loans features that people feel are most important. They are unlikely to be the only product features and restrictions that you should consider. Pros and cons are subjective and you should align them to your own personal and business circumstances. Information was correct at the time of publication but may have changed since.

Fleximize business loans full review

Founded in 2013, Fleximize is a business finance provider offering loans of £5,000 to £500,000.

How much you can borrow is tied to your monthly turnover, starting at a minimum of £5,000. Fleximize lends businesses a maximum of two months’ worth of revenue. So, for example, if your business makes £20,000 a month, your maximum amount borrowable would be £40,000.

While the maximum you can borrow is £500,000, that is only for secured loans taken out by businesses in England and Wales. Unsecured loans are capped at £250,000.

However, if you are not a homeowner, you will only be able to borrow a maximum of £20,000, as long as you have been trading for longer than 36 months.

And if you are a sole trader, or non-limited partnership, borrowing starts at over £25,000, not £5,000.

Fleximize offers two main products:

Flexiloan: This is for businesses that have been trading longer than 12 months, and therefore comes with lower monthly interest rates than the Flexiloan Lite. You can borrow over 12 to 36 months with an unsecured loan, and up to 48 months with a secured loan.
Flexiloan Lite: This is for businesses that have been trading for between six and 12 months, and therefore comes with a higher interest rate than the Flexiloan. The Flexiloan Lite is a shorter-term loan, over three to 12 months for both unsecured and secured options.

With both products there are no early repayment fees, the option for repayment holidays, and the ability to ‘top up’ your loan. And if you apply directly through Fleximize, there are no set-up or arrangement fees either. Returning customers, meanwhile, may be eligible for reduced interest rates, or £100 cashback.

But you will be asked to provide a personal guarantee, stating that you will pay the loan if your business cannot, regardless of whether you take out an unsecured or secured loan.

Fleximize business loans: at a glance

Amount borrowable	£5,000 to £500,000 (maximum of £250,000 unsecured)
Term length	12 to 48 months (Flexiloan) Three to 12 months (Flexiloan Lite)
Web-based customer service	Online contact form
UK customer service number	020 7100 0110 (8.30am to 5pm, Monday to Friday)
App	No
Face-to-face customer service	Yes (HQ in Ipswich)
Access to loans without pre-existing account	Yes

Where Fleximize business loans stands out

Maximum amount borrowable: Eligible businesses can borrow a maximum of £500,000 with a secured loan from Fleximize. Its unsecured loans, meanwhile, are capped at £250,000, which is higher than many other providers. However, how much you can borrow is tied to your monthly turnover.

No early repayment fees: You will not be charged a fee if you want to repay your Fleximize loan in full early, nor if you want to make regular overpayments. This means you can save on interest charges if you can afford to repay the loan before the end of the term, making the overall cost of borrowing cheaper.

No set-up fees: If you apply for a Fleximize loan directly through the lender, you will not be charged any set-up, arrangement or application fees.

Available for newer businesses: Early-stage businesses that have been trading for at least six months can access unsecured loans up to £250,000, and secured loans up to £500,000, through Fleximize.

Customer reviews: At the time of writing Fleximize has an ‘Excellent’ Trustpilot rating of 4.9 out of 5, suggesting that customers are satisfied with the product. However, this is from a relatively small sample of 814 reviews.

No need to create a new business account: Since Fleximize is not a banking provider, you will not be required to open a new business account to access a loan.

Membership perks: Any business owner can sign up for free to Fleximize’s ‘Member Marketplace’ and access exclusive discounts on certain business products and services. However, when you take out a loan with Fleximize, you will become a gold member and gain access to further discounts.

Where Fleximize business loans fall short

Eligibility requirements: While you can borrow up to £250,000 unsecured and £500,000 secured, there are a range of eligibility requirements when borrowing through Fleximize that will limit the minimum and maximum loan you can access. On top of your monthly turnover, which determines how much you can borrow, further limits are applied if you do not own a home or if you are a sole trader or partnership.

Regional restrictions: Only businesses in England and Wales can access the full £500,000 secured loan. Businesses in Scotland and Northern Ireland can only access unsecured loans of up to £250,000.

Personal guarantees: Regardless of whether you are applying for an unsecured or secured loan, Fleximize will require you to provide a personal guarantee. This means if your business is unable to repay the loan, it will become your personal responsibility to do so.

Limited customer service options: You can only contact Flemize through an online form, over the phone, or at its headquarters in Ipswich.

FCA regulation: Fleximize only offers unregulated products, and is not regulated by the Financial Conduct Authority (FCA).

Fleximize business loans customer reviews

Fleximize has an ‘Excellent’ Trustpilot rating of 4.9 out of 5, based on 814 reviews.

This information is correct as of 15 September 2023.

Fleximize business loans eligibility

To meet the minimum lending criteria for a Fleximize business loan, you must:

be based in the UK
have been trading for at least six months
have a minimum monthly turnover of £5,000

Further eligibility criteria apply as follows:

Sole traders and non-limited partnerships with fewer than four partners can start borrowing from over £25,000, not £5,000.
Non-homeowners can borrow a maximum of £20,000, and only if they have been trading for longer than 36 months.
Businesses in Scotland and Northern Ireland can only apply for unsecured loans, to a maximum of £250,000.

You will also need to supply a personal guarantee, and pass Fleximize’s credit checks.

How to apply for a Fleximize business loan

When applying for a Fleximize business loan, you will likely need to complete the following steps:

Prepare your documents. This will include three months of business bank statements, your most recent set of management accounts, and a month-by-month breakdown of your revenue performance across the last year (or six months for the Flexiloan Lite option).
Fill out an online application form, which Fleximize claims should take less than five minutes.
Fleximize will allocate you a dedicated relationship manager to take you through the final stages of your application.
You should receive confirmation of whether your loan has been approved within 24 hours.
If approved, you may also be able to receive your funds within 24 hours.

» MORE: How to get a business loan

Review methodology

At NerdWallet UK, we base our reviews and our ‘Best’ pages on the results of surveys we undertook about what was important to people who use these products. This allows us to look at products impartially of any commercial arrangements we have and fairly rate the products on the same set of criteria.

Best means our ‘Best’ and is based only on what products we have aligned to our surveys, which form the basis of our reviews and ratings. This means that there will be other products on the market that we have not included in our ‘Best’ pages. Best does not mean it’s best for you, nor does it mean the ‘cheapest’.

Our reviews may display lenders’ rates. This additional information has not been included in our evaluations but is still very important when choosing a product. Rates offered can depend on circumstances, amount and term. Always check details before proceeding with any financial product.

Product details reflect the information that was available at that time but may have changed since. We strive to give you a review on as many products as possible, but there will be products not included on the market. The review is our opinion, but it does not constitute advice, recommendation or suitability for your financial circumstances.

While we try to provide you with accurate information, the providers can change the terms of their products at any time, therefore it is advisable to check the terms before you proceed.

You can view our full review methodology here.

Fleximize Business Loans Review: Pros, Cons & Features