How to apply for FlexiPay

We know that managing finances and maintaining cash flow is one of the biggest challenges for small business owners. That’s why we launched FlexiPay, a rolling line of credit designed to give small businesses more flexibility with their finances.

Here we explain what FlexiPay is, how it can be used and how you can apply online in minutes with no impact on your credit score. 

What is FlexiPay?

FlexiPay is a business credit card that allows businesses to pay for purchases, bills, invoices and other business costs, and then spread the cost over 3 months.

You can pay bills or expenses by card or make a transfer directly to a supplier online or via the app. You’ll then pay this back in equal monthly instalments for a simple fee. Available up to £250,000, it is free to set up and you only pay when you use it, making it commitment free. 

It’s designed to give businesses access to short-term cash flow when it’s needed, so you can plan with confidence and tackle anything that comes your way.

Why choose FlexiPay?

There are several advantages of FlexiPay over traditional credit cards, loans and overdrafts, including:

More uses than a traditional credit card

By offering transfers as well as a card, you get more flexibility than a traditional business credit card – helping you pay rent, bills, VAT, payroll and more.

Lower commitment than a loan

You can use it as much or as little as you like and you only pay when you use it, so you’re not tied into a long-term commitment.

More transparent than an overdraft

You’ll be charged one, simple fee per transaction so you’ll always know what you’re paying. No interest, no surprises.

What can I use FlexiPay for?

FlexiPay can be used for a number of business purposes, such as:

• Paying upfront or bulk buying to negotiate better terms with suppliers
• Spreading quarterly bills like VAT or energy out monthly
• Handling unexpected invoices
• Purchasing new stock and equipment
• Paying bonuses or payroll 
• Bridging cash flow gaps

How does FlexiPay work?

If you’re a limited company or LLP, you can get a decision and find out your credit limit without affecting your credit score – so you can assess your options with complete peace of mind.

1. Apply online in minutes

Tell us about you and your business in our short online form.

2. Your credit is ready to use

If approved your line of credit will be ready to use for making payments, and your card will arrive within 10 working days.

3. Start paying business costs

Make payments with your card, or log in and enter the details of the bill, invoice or other business cost and we’ll make a secure payment in your name.

4. Repay in monthly instalments

You won’t be charged any interest, just a fee, and the credit is available for you to use again.

How much does FlexiPay cost?

FlexiPay is free to set up and comes with no interest or annual fees, just a simple fee each time you use it.

When you apply, we’ll assess your business and set your fee amount. 

Your FlexiPay card transactions are grouped together in a monthly balance, which is repaid over 3 months for your fee. If your card balance is under £100 it will roll over to the next month.

Sounds great, so how do I apply?

If FlexiPay sounds like the right fit for your business, apply online today in minutes with our short online form. The application will not affect your credit score.

To be eligible you must have a minimum of 1 years’ trading history and be a limited company. 

If you have an existing loan with us, you’ll first need to log into your Funding Circle account to check if you’ve been pre-approved, and apply from there. You can click here to sign in.

Thousands of businesses are already using FlexiPay, so find out if you’re eligible and apply today with no impact on your credit score.

01/04//24: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.