Fleximize is a lender dedicated to helping small UK businesses grow and flourish. At Fleximize, we know that predicting the growth potential of a company is complicated. That’s why we don’t rely entirely on impersonal algorithms. We analyze each application to determine whether or not our financing offers will be helpful to both our clients and ourselves. We are a direct funding company located in the United Kingdom, and we operate using a web platform that provides a simple and straightforward application process.
APPLICATION REQUIREMENTS:
If you are a business owner and you’re interested in applying for a loan through Fleximize, you need to be aware of the requirements. While there are no absolute rules to eligibility for applying, businesses will have the most success if they have been established for at least six months and if they are making at least £3,000 per month. Also, it’s important that companies have a gross margin of above 20 percent on their products.
LOAN AMOUNT AND CHARGES:
With Fleximize, small business owners can borrow as much as £150,000. There is no interest rate on a loan that is paid back using the Revenue Advance model offered by Fleximize. Instead of paying back the loan amount plus interest, businesses pay back a certain percentage of their sales every month over a certain period of time.
PROCESS:
The application procedure involves simply submitting some basic information about the small business interested in financing. Those applying must indicate whether their business is a sole trader, partnership, or limited company. Also, applying companies need to indicate how much money they are bringing in every month and how long they have been in business. Then, a credit check will be run on the company. Companies do not need to indicate what they are planning on using funding for and can use their loan funds on any expense of their choice.
PAYMENT:
With Fleximize, you only have to pay according to what you’re making each month in sales. Repayment of Fleximize loans doesn’t involve giving equity in your company to us. With Revenue Advance, you can repay according to how much you’re bringing in, and that means you’re protected from having to make payments that you can’t afford to make.
