Funding Xchange

Funding Xchange Reviews

Funding Xchange provides a reliable platform connecting businesses with tailored loan options, known for transparency and customer-focused service in financial solutions.

Here are the Trustpilot Reviews from Funding Xchange:

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Here are the Reviews from Funding Xchange:

5
/
5
The business is growing and we are delivering powerful capabilities. The tech team is engaged, highly experienced and humble. In general, the approach to complex problem solving is collaborative. Technical patterns developed with great care I am certainly continuing to develop my skills. The team is remote-first and work/life is great.
Senior software engineer + Funding Xchange
Senior software engineer
5
/
5
Leadership is approachable and supportive. I've been able to develop my skills and had the opportunity to learn and advance in my role. The work-life balance is great, and the team environment is both supportive and motivating.
Anonymous employee + Funding Xchange
Anonymous employee
5
/
5
Great Team, Great Leadership, Learnt a lot from senior engineers and principle engineer
Software engineer + Funding Xchange
Software engineer
5
/
5
Diverse tech stack Plenty of learning opportunities Everyone is friendly and helpful Very supportive of working remotely
Software engineer + Funding Xchange
Software engineer
5
/
5
I've really enjoyed my time here so far, everyone has been very welcoming and I have learnt a lot working on various different projects. It is great to find a company that supports flexible working.
Data analyst + Funding Xchange
Data analyst
5
/
5
I'm really enjoying working at FXE. I've worked on very interesting and impactful projects. The leadership team are approachable and communicate well. The standards in engineering are very high and I've learned lots from my peers. I have a great feeling about the company's future.
Current employee + Funding Xchange
Current employee
Explore Funding Xchange's Finance Solutions:
Unsecured Business Term Loan
£1,000 - £500,000
Secured Business Term Loan
£25,000 - £2,000,000
Apply Now!

Explore Funding Xchange's Finance Solutions:

Loan Type:
Unsecured Business Term Loan
Loan Range:
£1,000 - £500,000
Loan Terms:
3 months to 5 years
Minimum Turnover and Trading Age:
Typically 6+ months trading and £50,000 annual turnover
Interest Rate:
9% - 35% APR (representative range across panel)
Fees:
Arrangement fees 0% - 6%; early repayment fees vary by lender (often none on unsecured options)
Loan Type:
Secured Business Term Loan
Loan Range:
£25,000 - £2,000,000
Loan Terms:
1 year to 6 years
Minimum Turnover and Trading Age:
12+ months trading; £250,000+ turnover preferred
Interest Rate:
3% - 15% APR
Fees:
Valuation & legal fees on secured property; arrangement fee 1% - 2%; early repayment charge 1% - 3% of balance
Loan Type:
Revolving Credit Facility / Business Line of Credit
Loan Range:
£1,000 - £500,000
Loan Terms:
6 months to 24 months (renewable)
Minimum Turnover and Trading Age:
3+ months trading; £30,000 annual turnover
Interest Rate:
0.5% - 2% per month on drawn balance
Fees:
Drawdown fee 0% - 2%; monthly service fee 0% - 1% of limit
Loan Type:
Asset Finance (Hire Purchase & Finance Lease)
Loan Range:
£5,000 - £2,000,000
Loan Terms:
12 months to 84 months
Minimum Turnover and Trading Age:
At least 12 months trading
Interest Rate:
3% - 15% APR
Fees:
Documentation fee £150 - £495; option-to-purchase fee on HP £1 - £150
Loan Type:
Invoice Finance (Factoring & Discounting)
Loan Range:
£50,000 - £5,000,000 advance limits
Loan Terms:
Rolling facility; invoices funded 30 - 120 days
Minimum Turnover and Trading Age:
£100,000 annual turnover; 6+ months trading
Interest Rate:
0.3% - 3% discount fee per 30 days; service fee 0.1% - 3% of invoice value
Fees:
Setup fee £450 - £1,500; audit fees for some facilities
Loan Type:
Merchant Cash Advance (Card Receivables Finance)
Loan Range:
£2,500 - £500,000
Loan Terms:
Typically 3 - 12 months (variable until factor repaid)
Minimum Turnover and Trading Age:
3+ months card trading; £5,000 average monthly card sales
Interest Rate:
Factor rate 1.1 - 1.5 (equivalent APR varies)
Fees:
No additional fees; cost is embedded in factor rate

More About Funding Xchange

Funding Xchange Ltd, established in 2014, is an FCA-authorised digital marketplace that connects UK SMEs with over 70 business finance providers. The platform uses proprietary decisioning technology to offer personalised funding options quickly. It suits digitally engaged SMEs seeking a range of finance products from £1,000 to £15 million, without direct lending involvement. For a broad understanding of lender types, see our Lenders overview and for the types of funding available, refer to the Financing Options section.

Key Features of Funding Xchange

Funding Xchange provides a tech-driven, streamlined experience with real-time lender data across multiple finance categories. It incorporates Open Banking and integrates with accounting software to reduce paperwork.

  • Single online application reaches over 70 lenders simultaneously using application service provider technology.
  • Soft-search approach protects your credit score during initial checks.
  • Live underwriting data delivers real-time pricing and personalised quotes via its proprietary eligibility engine.
  • Open Banking and software integrations facilitate fast, secure data sharing helping to reduce manual document submission.
  • The platform supports white-label partnerships with high-street banks like NatWest Rapid Cash, adding credibility.

Funding Eligibility

You may qualify if your business has traded between 3 and 12 months depending on the loan type, with minimum annual turnover typically ranging from £30,000 to £100,000. Businesses registered in England, Scotland, Wales, or Northern Ireland, including limited companies, LLPs, partnerships, and sole traders, can apply. Note that high-risk sectors such as gambling or weapons-related businesses are generally excluded. To learn more, check our guidance on business loan qualification, or use the business tools to assess your eligibility.

Loan Options

Funding Xchange offers access to a broad spectrum of loan types suitable for varying business needs and sizes. Here are some key products:

  • Unsecured Business Term Loan: Amounts from £1,000 to £500,000, terms from 3 months to 5 years, with typical interest rates between 9% and 35% APR. These loans generally require personal guarantees and suit businesses trading for 6+ months.
  • Secured Business Term Loan: Amounts from £25,000 to £2,000,000, with loan terms between 1 and 6 years. Interest rates range from 3% to 15% APR. Suitable for businesses with 12+ months trading and preferred turnover over £250,000, secured by property or assets.
  • Revolving Credit Facility / Business Line of Credit: Available for £1,000 to £500,000 with terms of 6 to 24 months, renewable. Interest ranges from 0.5% to 2% per month on drawn amounts, requiring 3+ months trading and typically a personal guarantee.
  • Asset Finance (Hire Purchase & Finance Lease): Ranges from £5,000 to £2,000,000 over 12 to 84 months, with APR rates from 3% to 15%. Assets financed act as security, suitable for businesses with 12+ months trading.
  • Invoice Finance (Factoring & Discounting): Advance limits from £50,000 to £5,000,000, rolling facilities funding invoices within 30 to 120 days. Requires 6+ months trading and annual turnover over £100,000, often with a personal guarantee.
  • Merchant Cash Advance: Amounts from £2,500 to £500,000 with typical terms of 3 to 12 months. Repayments fluctuate with card sales volumes and require 3+ months of card trading.

How to Apply

The application process is online and designed for speed and ease. Typical turnarounds for indicative offers are within minutes, with full approvals in 24 to 48 hours, faster for unsecured products.

  • Submit your details via a mobile-responsive online application form that sends data securely to multiple lenders.
  • Provide required documents such as last 6 months of business bank statements through Open Banking, recent accounts, VAT returns or management accounts as needed.
  • Review offers via a dashboard that compares terms, rates, and lender details side-by-side.
  • Sign agreements digitally once you select an offer.

Funding Agent’s view on Funding Xchange

Funding Xchange is well-positioned as a digital marketplace suitable for SMEs prepared to engage with an online application process. It offers access to a wide lender panel, covering loans from £1,000 to £15 million. Its strengths lie in speed and variety, rather than personalised advisory or specialist credit solutions. For businesses seeking tailored advice, direct brokers may be more appropriate. Use our business finance tools and eligibility checks to determine your best finance options.

Alternate Lenders For

Funding Xchange

FAQ’S

Can I apply for a loan from Funding Xchange directly through Funding Agent?
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