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.