Our multi-product offering meets SME's financial needs
From day-to-day transactions to long-term growth, our diverse product range supports business owners at every step of their journey. Whether they need to borrow, pay later, or spend, we meet a broad spectrum of financial needs empowering businesses with our trademark ease, speed, and market-leading instant decision technology.
Term Loans
Designed to support business growth and working capital. Our unsecured Term Loans offer £10k–£750k with fixed rates from 6.9% per year, terms from six months up to six years and typically require a personal guarantee. Through our Marketplace, we also work with third-party lenders to offer loans to our customers that we are otherwise unable to support, whether that is due to our product range or credit appetite.
Flexipay line of credit
Businesses can take full control of their cash flow using FlexiPay, allowing them to pay upfront for business needs ranging from bills to stock and suppliers. With flexible terms and billing, SMEs can repay in 1, 3, 6, 9, or 12 months or settle early, while keeping their business moving.
£250k
maximum credit line
0%
interest
FlexiPay enables SMEs to manage their cash flow by spreading the cost of payments
How does it work?
Apply online instant decision
Get an approved line of credit for business payments
FlexiPay: pay supplier now
Repay over 1, 3, 6, 9 or 12 months with 0% interest and a flat fee
Cashback business credit card
Rewarding businesses everyday spending. The Cashback card offers 2% cashback for the first 6 months, up to £2,000, and an uncapped 1% thereafter. With free unlimited Company cards and instant accounting integration, this enables businesses to empower their teams while cutting admin.
2% cashback
for the first six months
8 Rocks Deli & Wine
Since 2017, 8 Rocks Deli & Wine has been offering the local community food and fine wines under one roof. FlexiPay is helping founder Vik to stay one step ahead.
Vik moved to the UK from Latvia in 2004 and spent 12 years working his way up the career ladder in the hospitality sector. However, Vik always wanted to run his own business and in 2017, 8 Rocks opened in Loughton, Essex.
Starting with just sandwiches, the cafe soon became a deli by day and a wine bar by evening, fuelled by Vik’s enthusiasm to bring fine wine to the local community. However, as the business got into its stride, the pandemic brought challenges to the hospitality sector. While initially closed for six weeks, Vik seized the opportunity to introduce takeaway and delivery services, and behind the scenes he refurbished the shop to create a new space for the community. He has now begun inviting artists for live performances and holding wine tastings — most of 8 Rocks’ events are fully booked months in advance.
Having initially received a government-backed RLS loan from Funding Circle during the pandemic, Vik learned about new product FlexiPay from his Funding Circle Account Manager, and in April 2022 was one of the early tranche of customers to be approved for a line of credit.
8 Rocks has used FlexiPay to help set the business up for success in the future by being better able to plan ahead. Vik has used the approved line of credit to buy stock, such as wine, in bulk in advance of upcoming events. This enables him to negotiate better prices from suppliers and he typically secures around a 10% discount. Vik has also been able to purchase much-needed equipment, spreading the cost into three instalments rather than having to pay everything upfront.
As a result of Vik’s ongoing investment in the business, 8 Rocks continues to grow and develop as a multi-functional community space. When the shop is closed, Vik offers the space for private events, team bonding exercises and more. He has recently hired a marketing team to take 8 Rocks to the next level and the business is already reaping the benefits with footfall into 8 Rocks on the up once again.
