fleximize Alternatives

This guide lists five UK focused alternatives to fleximize, so buyers can compare speed, eligibility, products, and pricing before applying.

Quick Compare:

1. Iwoca

Iwoca focuses on flexible credit lines and business loans for UK SMEs. It is suitable for businesses seeking quick access to funding or flexible repayment options. Rates are typically competitive, with fast approval and at least a basic security requirement. It offers tailored solutions considering business needs and credit profiles.

Loan and pricing details

• Min amount: £1,000
• Max amount: £1,000,000
• APR min: 49%
• APR max: Unknown
• Loan durations: up to 24 months

Funding range note: from £1,000 to £1,000,000

Speed: same day or next day funding available

Interest rate notes: Rates start at 1.5% per month with no fees on 12-month loans, longer terms may incur fees, typical APR is 49%

Eligibility

• Min trading months: 6
• Min monthly turnover: £5,000
• Credit flexibility: Moderate – considers weak credit scores

Personal guarantee: PG may be required depending on credit assessment

Homeowner advantage: Not specifically advantageous

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Retail, Hospitality, Service

Best for

• SMEs needing quick access to funds
• Businesses with variable monthly income

Pros

• Fast decision and funding
• No early repayment fees

Cons

• Relatively high APR

Sources: https://www.iwoca.co.uk/business-loan-calculator

2. Capital on Tap

Capital on Tap mainly provides business credit cards with high credit limits and competitive APRs. It is suitable for companies seeking quick unsecured funding options or cashback rewards. The platform offers flexible credit facilities with quick issuance processes.

Loan and pricing details

• Min amount: Unknown
• Max amount: £250,000
• APR min: 14.13%
• APR max: 15.22%
• Loan durations: revolving credit

Funding range note: up to £250,000

Speed: Credit cards issued quickly

Interest rate notes: APR rates start from 14.13% (variable) with cashback rewards

Eligibility

• Min trading months: 3
• Min monthly turnover: £2,000
• Credit flexibility: Flexible credit requirements

Personal guarantee: Not required for credit cards

Homeowner advantage: No impact

Services and sectors

• Products: credit_card
• Industries: E-commerce, Small businesses

Best for

• Businesses preferring credit card financing
• Companies looking for cashback rewards

Pros

• High credit limits
• Cashback rewards

Cons

• Variable APR

Sources: https://www.capitalontap.com/en/blog/posts/what-is-apr/

3. Nucleus Commercial Finance

Nucleus Commercial Finance specialises in providing various business loans, including unsecured and secured options. It caters to UK SMEs, offering flexible repayment terms and tailored interest rates based on business profiles. It is suitable for companies needing quick decision times and customised borrowing solutions.

Loan and pricing details

• Min amount: £10,000
• Max amount: £2,000,000
• APR min: 9.6%
• APR max: Unknown
• Loan durations: 3 months to 6 years

Funding range note: from £10,000 to £2,000,000

Speed: Rapid decision making process

Interest rate notes: Interest rates start from 7% flat rate, adjustable based on risk profile, typical APR is 9.6% for unsecured loans

Eligibility

• Min trading months: 12
• Min monthly turnover: £5,000
• Credit flexibility: Flexible credit requirements

Personal guarantee: Often required for unsecured loans

Homeowner advantage: Not a significant factor

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Wholesale, Manufacturing

Best for

• Businesses looking for unsecured loans
• Flexible loan terms

Pros

• Unsecured loan options
• Flexible loan amounts

Cons

• Personal guarantee may be needed

Sources: https://nucleuscommercialfinance.com/types-of-funding/nucleus-business-loans/

4. LendingCrowd

LendingCrowd offers SME loans through a peer-to-peer model that connects UK businesses with investors. It focuses on providing competitive rates and flexible borrowing options. Suitable for companies that want quick decisions and access to funding via broker or direct application.

Loan and pricing details

• Min amount: £7,500
• Max amount: £500,000
• APR min: 5.95%
• APR max: 12.25%
• Loan durations: 6 to 60 months

Funding range note: from £7,500 to £500,000

Speed: Funds could be available the next working day

Interest rate notes: Interest rates range from 5.95% to 12.25%, based on risk band

Eligibility

• Min trading months: Unknown
• Min monthly turnover: £2,500
• Credit flexibility: Moderate flexibility

Personal guarantee: May be required depending on loan type

Homeowner advantage: Can potentially improve terms

Services and sectors

• Products: term_loan
• Industries: Technology, Healthcare

Best for

• Companies seeking peer-to-peer lending
• Flexible loan terms

Pros

• No early repayment fees
• Competitive rates

Cons

• Moderate eligibility requirements

Sources: https://www.alternativebusinessfunding.co.uk/funders/lendingcrowd/

5. Capify

Capify specializes in providing quick and flexible SME loans. It offers fast funding, tailored solutions, and options to suit different business needs. Suitable for UK companies seeking quick access to capital with flexible repayment structures.

Loan and pricing details

• Min amount: £5,000
• Max amount: £1,000,000
• APR min: 67.89%
• APR max: Unknown
• Loan durations: up to 12 months

Funding range note: from £5,000 to £1,000,000

Speed: Same-day funding possible

Interest rate notes: High APR example of 67.89% on loans, reflecting flexible but expensive credit

Eligibility

• Min trading months: 6
• Min monthly turnover: £8,000
• Credit flexibility: Fair flexibility considering medium credit scores

Personal guarantee: Normally required unless asset-backed

Homeowner advantage: Yes, better terms if a homeowner

Services and sectors

• Products: term_loan, merchant_cash_advance
• Industries: Retail, Construction

Best for

• Small to medium businesses needing rapid funds
• Flexible loan options

Pros

• Quick processing
• High loan amounts

Cons

• Very high APR

Sources: https://www.capify.co.uk/annual-percentage-rate-apr-explained/

Final notes

When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal. Understand the provider type - whether a bank, broker, or specialist - to match your needs. Banks often provide straightforward loans for stable firms, while brokers can access a wider range of products. Specialist lenders focus on specific sectors or security types. Consulting a Funding Agent, such as Funding Agent, can help navigate options and simplify the process.