Strong Q3 growth for Ipswich-based business loans specialist Fleximize

Peter Tuvey of Fleximize.

Peter Tuvey of Fleximize. - Credit: Archant

Business loans company Fleximize is on track for a record year following strong growth during the third quarter of 2017.

Ipswich-based Fleximize, which offers a range of alternative funding options for small and medium-sized enterprises (SMEs), saw lending in the three months to the end of September increase by a third compared with the previous quarter.

And the company says this leaves it “well on track” to hit its goal of lending more than £100m to SMEs by the close of 2019.

Fleximize was founded in 2014 and a £16.3m funding round in April this year significantly boosted its lending capacity.

Peter Tuvey, co-founder and managing director, said: “Our consistent growth has proven that SMEs need alternative lenders like us to help make their businesses a success. We’ve become an integral cog in our customers’ success stories, and that’s something special. Our customers are representative of the hands-on, hard-working and dedicated entrepreneurs that are driving the UK economy forward.

“This has been a very exciting year for Fleximize, and we can’t wait to see what 2018 brings. We look forward to continuing to support British businesses in the face of Brexit, and beyond.”