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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:

Here are the Reviews from Funding Xchange:

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

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

Great Team, Great Leadership, Learnt a lot from senior engineers and principle engineer

Software engineer

Diverse tech stack Plenty of learning opportunities Everyone is friendly and helpful Very supportive of working remotely

Software engineer

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

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

Explore Funding Xchange's Finance Solutions:

Unsecured Business Term Loan

£1,000 - £500,000

Secured Business 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 3-6 months trading and £10,000+ annual turnover

Interest Rate:

6% - 25% APR (representative)

Fees:

Arrangement fee 0%-6% of loan amount; no early repayment fee with most panel lenders

Loan Type:

Secured Business Loan

Loan Range:

£25,000 - £2,000,000

Loan Terms:

1 year to 10 years

Minimum Turnover and Trading Age:

12+ months trading and £100,000+ annual turnover typical

Interest Rate:

4% - 15% APR

Fees:

Arrangement fee 1%-3%; valuation & legal fees may apply; early settlement fee variable

Loan Type:

Merchant Cash Advance

Loan Range:

£2,500 - £200,000

Loan Terms:

3 months to 18 months (repayment via card takings percentage)

Minimum Turnover and Trading Age:

3+ months card trading with £5,000+ monthly card revenue

Interest Rate:

Fixed fee 5% - 25% of advance (factor rate basis)

Fees:

No arrangement or early repayment fees (cost included in fixed fee)

Loan Type:

Revolving Credit Facility / Business Line of Credit

Loan Range:

£10,000 - £250,000

Loan Terms:

Renewable monthly facility, typically 6-24 months overall

Minimum Turnover and Trading Age:

6+ months trading and £50,000+ annual turnover

Interest Rate:

0.5% - 3% per month on drawn funds

Fees:

Arrangement fee up to 2%; drawdown fees 0%-1%; no early repayment fees

Loan Type:

Asset Finance (Hire Purchase & Leasing)

Loan Range:

£10,000 - £1,000,000

Loan Terms:

1 year to 7 years

Minimum Turnover and Trading Age:

12+ months trading; turnover £50,000+

Interest Rate:

4% - 15% APR

Fees:

Documentation fee £150-£495; option-to-purchase fee on HP; early settlement charges apply

Loan Type:

Invoice Finance (Factoring & Discounting)

Loan Range:

£10,000 - £5,000,000 (up to 90% of invoice value)

Loan Terms:

Invoices funded for up to 90 days

Minimum Turnover and Trading Age:

6+ months trading and £100,000+ annual turnover

Interest Rate:

Discount fee 0.5% - 3% per 30 days; service fee 0.25% - 3% of turnover

Fees:

Setup fee £250-£1,000; monthly minimum fees may apply; audit fees for larger facilities

More About Funding Xchange

Funding Xchange Limited, established in 2014 and authorised by the Financial Conduct Authority (FCA Reference 688062), offers an online marketplace that connects small and medium-sized UK businesses with over 80 lenders. Its digital platform uses Open Banking data and proprietary technology to provide instant eligibility checks and personalised finance options, spanning various funding products suitable for a broad range of business needs. This model facilitates rapid access to multiple lenders via a single application, which may suit business owners seeking transparent comparisons and quicker funding solutions. More about business loans and Funding Xchange reviews is available.

Key Features of Funding Xchange

Funding Xchange integrates advanced digital tools with a wide lender panel to streamline business financing. Its features promote efficiency and clarity in selecting finance options.

Access to 80+ UK business lenders with a single online application. See more on business loans.
Soft-search credit checks that do not impact personal credit scores, allowing preliminary eligibility insights via credit score understanding.
Open Banking integration enables faster bank data verification and quicker fund disbursements. Learn about application service providers.

Funding Eligibility

You may qualify for Funding Xchange’s services if your business meets certain criteria, commonly involving trading history and financial performance. Specific eligibility varies by product but generally includes UK business registration and turnover thresholds. Helpful guides on eligibility are available, such as how to qualify for a business loan, details on guarantor requirements, and typical credit score considerations.

Loan Options

Funding Xchange provides access to diverse loan types suited to different business needs, including unsecured and secured options, specialised facilities like Merchant Cash Advances, and government-backed schemes.

Unsecured Business Term Loan: £1,000 to £500,000, terms between 3 months and 5 years, representative APR from 6% to 25%. Personal guarantees generally required. More information on unsecured business loans and term loans.
Secured Business Loan: £25,000 to £2,000,000, terms from 1 to 10 years, APR ranging 4% to 15%. Requires tangible security like property. See details on term loans and collateral.
Merchant Cash Advance (MCA): £2,500 to £200,000, 3 to 18 months, with repayment proportional to card sales percentage. Fixed fees range 5% to 25%. Explains here: MCA loans.
Revolving Credit Facility / Business Line of Credit: £10,000 to £250,000, renewable monthly for 6 to 24 months. Monthly interest rates 0.5% to 3% on drawn funds. More on revolving credit loans.
Asset Finance (Hire Purchase & Leasing): £10,000 to £1,000,000, 1 to 7 years, APR 4% to 15%. Asset acts as security. Explore asset finance options.
Invoice Finance (Factoring & Discounting): £10,000 to over £5,000,000, funding up to 90% of invoice value, up to 90-day funding. See more on invoice financing.
Recovery Loan Scheme: £25,001 to £2,000,000, 3 months to 6 years terms, capped interest up to 14.99%. Government-backed with conditions. Details available on alternative finance loans.
Start Up Loan: £500 to £25,000, terms 1 to 5 years at 6% fixed. No collateral required but personal credit check applies. More at startup loans.
VAT & Tax Loan: £5,000 to £500,000 with terms 3 to 12 months, APR 8% to 20%. For tax liabilities. Learn about VAT loans.

How to Apply

Applications with Funding Xchange are fully digital and usually take under 10 minutes. After submission, soft eligibility decisions come instantly, with firm offers within 2 to 24 hours. Necessary documents vary by product but typically include recent bank statements, identity proofs, and financial accounts.

Complete the online application form available through the platform. See the application form and understand the process at how to qualify for a business loan.
Submit required documentation such as bank statements and financial records, supported by data fetched via Open Banking for quicker validation.
Review offers through a dashboard providing side-by-side comparison of terms, interest rates, and total costs.
Agree and sign final documents online, after which funds are typically disbursed quickly depending on loan type.

Funding Agent's View on Funding Xchange

Funding Xchange is well-suited for UK SMEs looking for rapid digital access to a broad lender panel and multiple finance products. It particularly appeals to businesses seeking transparent and fast funding decisions online. However, it operates as a broker, so final loan terms depend on individual lenders, and personal guarantees are commonly required. Firms preferring a single lender or face-to-face underwriting might consider direct lender routes. Explore tools to check your loan eligibility, compare options using the loan comparison tool, or calculate repayment amounts with the business loan calculator.