This week, Funding Bay put a spotlight focus on the lender Fleximize. Since launching in 2014, Fleximize has won the ‘Best Business Finance Provider’ at the annual British Bank Awards twice, both in 2020 and 2018. They are a leading digital business lender who uses innovative products and methods for providing funding for their clients. Today, Funding Bay hear from CEO Peter Tuvey and find out more about the lender.
Which financial products does Fleximize specialise in?
Fleximize specialises in unsecured and secured business loans for UK SMEs that have been trading for 6+ months. Our most popular product, the Flexiloan, is flexible enough to suit almost any business for almost any purpose. Meanwhile, our new Flexiloan Lite is best suited to businesses that are in the early-stage growth phase and need funding fast.
What is unique about Fleximize as a lender?
We pride ourselves on our flexibility and dedication to customers. Our Penalty-Free-Promise means that customers will never be charged any early repayment fees and will only ever pay interest for the time they’ve had the loan. Our Loyalty Pledge also means customers get a better deal when they return to us for funding after paying off their initial loan. We’ve also created a number of initiatives designed to offer our customers more than just finance, such as our Member Marketplace.
What advice do you have for businesses who are hesitant to take out funding?
There are plenty of online tools and a wealth of impartial advice that can help you decide which lender and products are best suited to your business’ specific funding requirements. Our fully impartial and award-winning business loan calculator is a good place to start. It’s also worth looking out for any early repayment penalties and fees and factoring this cost into your overall loan.
How have you been helping your clients through COVID?
We launched our new Flexiloan and Flexiloan lite in direct response to customer feedback during the coronavirus pandemic. The changes we’ve made to our products, including a significant drop in our interest rate, demonstrates how we’re willing to adapt to ensure that our service is meeting the needs of UK business owners in practice. We also supported existing clients with payment holidays and bespoke payment plans during the pandemic to ease the financial strain many UK SMEs have experienced.
How will Fleximize’s lending market change post CBILS?
As CBILS comes to an end, we expect to see business owners looking for viable alternatives for continued financial support. As we demonstrated at the start of the pandemic, we’re always innovating and seeking feedback from our customers so that we can implement any necessary changes to our products and processes. As such, we’ll be ready to adapt post-CBILS in order to meet our customers’ changing needs.
Find out more about Fleximize on their website here.
Read more of Funding Bay’s Lender Profiles with Ultimate Finance and Nucleus Commercial Finance here.
