Fleximize Partners With GlobalX To Streamline Due Diligence Process

24 March 2020

Commercial lender Fleximize has teamed up with market leading company information provider GlobalX to maximise due diligence and streamline risk free lending.

Small businesses play an essential role in the UK economy, accounting for 99.9% (5.9 million) of the private sector population and generating a turnover around £2.2 trillion, according to a 2019 report from FSB.

The vast majority of small businesses need funding before they can get anywhere close to turning a profit, but lending to companies that haven’t yet had the chance to prove themselves can be notoriously risky. And with high street lenders setting rigid restrictions, many new businesses miss out on essential finance to help them get started.

Fleximize is a commercial lender that specialises in flexible business loans from between £5k and £500,000, providing a much-needed lifeline for the UK’s small business community. The company offers a range of financing solutions, including unsecured and secured loans with repayment holidays, top-ups and penalty-free early repayments, as well as more flexible criteria than high street banks. Having already lent over £100 million to SMEs around the UK, and establishing itself as a market leader, Fleximize is now partnering with GlobalX for a more streamlined due diligence process.

Since its establishment in 1981, GlobalX has gained a reputation as an industry-leading provider of company information for companies in the UK and abroad. Its best-in-class information enables businesses to improve productivity and minimise risks. Clients include some of the UK’s top legal, banking and financial organisations.

Fleximize chose to work with GlobalX as they offer an easy to use ordering platform and a guaranteed return time of just 15 minutes for winding up searches, dramatically reducing wait times for application approvals and enabling the lender to provide an even more efficient service to its customers.

This partnership heralds a new era for business lending, and as the number of new UK businesses registered every year continues to grow (672,890 new registrations in 2019, up 8.5% from the previous year and the highest number since 2010) it’s great news for the economy too.

To find out more about Fleximize, visit https://fleximize.com/. Further information about GlobalX can be found at https://www.globalx.co/