MAPLE PEOPLE
AABF Founding Member Fleximize has supported hundreds of UK SMEs via its unsecured and secured finance facilities. Here’s a quick look at how Fleximize’s award-winning loans have helped UK business owners in practice.
Last year, Fleximize was recommended to CEO Saj Rahman by his accountant when he was struggling to find a funding partner for his innovative construction company, Maple People.
After months of being turned away from several high street lenders, Saj realised that, unfortunately, those in the construction industry are often considered ‘high risk’ borrowers, which made raising finance almost impossible.
As an alternative finance provider, Fleximize assesses different criteria to traditional lenders when underwriting loans. Therefore, the Fleximize team were able to listen to Saj’s plans for how he would use the investment and take into account the business’ future potential when assessing his finance application.
In particular, Saj explained how he would use the funds to develop a prototype that could help construction companies create sustainable and carbon-neutral development plans that are also economically viable. He needed £20,000 to develop an investment pitch deck for this prototype, which is the UK’s first corporate smart sustainability device.
Fleximize was able to provide Saj with the full loan amount, offering him an unsecured business loan over a term of 12 months. Like all of Fleximize’s customers, Saj would also benefit from award-winning flexibility and wider business support, such as repayment holidays, penalty-free early repayments and access to exclusive discounts on tools to help run his business. After months of trying to secure finance, he was finally able to get back to focusing on developing his purpose-driven business and making a change to the status quo of the construction industry.
“Finding funding when you’re at the early stage of a business has been quite a challenge. I spent the first half of the year chasing banks, without realising that there’s a better solution out there.”
Saj Rahman, Founder of Maple People