Register your interest with Formax Credit for an IFISA
Take advantage of the new IFISA which allows you to make tax-free investments up to ￡20,000 for the 2017/18 tax year.
*Annual rate based on utilisation with no early withdrawal and not assuming reinvestment of returns. Rates are before bad debt and tax. Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.
**Annualised rate is based on utilisation with no early withdrawal and not assuming reinvestment of returns on the 60-month term and before bad debt and tax. Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.
We solely arrange loans to UK businesses. To ensure a healthy loan book and a sustained growth of our lenders’ investments, we always ensure that all of our eligible borrowers are credit worthy and can fully service and afford the debt that they are taking out. In addition to the credit worthiness, we evaluate the past performance history and the growth potential of the businesses in question.
Our principles of responsible lending result in a proportion of loan requests being rejected which results in a very low default rate and a healthier offer to our investors. For loans we approve we undertake detailed assessments and categorise the loan by risk. Please click here to see case studies and to get an understanding of how risk is calculated, please click here.
Your investment will be lent out to a range of businesses in different risk categorisation from A+ to E. Applying the sound investment approach of diversification, we will typically, as a rule, spread your investment across at least four loans.
As described above, we have detailed, prudent underwriting process. Our approach to lending involves many checks and balances and is not reliant on basic computer-generated evaluations. However borrowers’ circumstances and credit worthiness may change throughout the lifetime of their loan and therefore repayments cannot be guaranteed. In these circumstances we implement ethical arrears and default management processes that are also fully compliant with regulations.
To learn more about the terms and conditions of investing with Formax Credit please click here.
(Not yet available)
Unsecured Business Loans
Merchant Cash Advance (Not yet available)
First Charge Bridging loans (Not yet available)
Second Charge Bridging Loans (Not yet available)
Between £25,000 to £100,000
Between £25,000 to £1,000,000
Between 6 to 60 Months
Between 3 to 24 Months
Between 5.75% to 22.00% fixed p.a.
Between 0.90% to 2.50% fixed p.m.
Acquisitions, Growth and expansion, Debt consolidation, Stock purchase, Servicing new contracts, Recruitment, and more.
Light refurbishment, Lease extension, Auction purchases, Bridge-to-let, and more.
Personal guarantees are required for all loans.
Loans are secured on a 1st or 2nd charge basis.
5% of all Formax Credit returns are allocated to our Provisional fund, also known as a Compensation fund. Loss to investment principal will be evaluated and compensated annually in proportion to the funds available in the Provisional Fund. This will act to offset any potential losses incurred due to bad debt (arrears and defaults)
Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.
Formax Credit links eligible borrowers with appropriate lenders creating a mutually beneficial agreement between all parties, with low interest rates for our borrowers and competitive returns for our investors.