NexGen Business Finance

NexGen Business Finance: financial brokerage for UK businesses

NexGen Business Finance is a UK-based business finance broker that works with a network of over 100 lenders to find products tailored to each business. The firm states it has helped more than 2,000 businesses, channelled over £75 million and served more than 85 industries. Its approach relies on searching across multiple lenders, including major names and niche specialists, to offer flexible terms and fast turnaround times.

Finance products

The firm's range covers several finance lines, each with indicative amounts and terms published on its website:

• Business loan: from £5,000 to £500,000, with terms from 1 month to 7 years, unsecured or secured. It is intended for expansion, working capital, new projects, stock, marketing or recruitment.
• Asset finance: from £5,000 to £10 million, from 1 month to 8 years, for any type of asset. It allows you to acquire equipment, machinery and vehicles without large upfront outlays.
• Vehicle finance: from £10,000 to £1 million, from 1 month to 6 years, for any vehicle.
• Green finance: from £5,000 to £10 million, from 1 month to 8 years, aimed at sustainable technology such as solar panels, heat pumps and turbines, with partners for a comprehensive solution.
• Asset refinance: from £50,000 to £10 million, from 1 month to 8 years, for assets of any type and age. It allows you to settle agreements, improve rates and release funds for growth, working capital or debt consolidation.
• Invoice finance: from £5,000 to £10 million, for any sector. It advances capital tied up in outstanding invoices.
• Property finance: from £50,000 to £50 million, from 1 to 30 years, for commercial use only. It covers mortgages, development finance, secured business loans and bridging loans.

The site also mentions other options in its calculator, such as short-term loans, working capital finance and merchant cash advance.

Application and estimate process

The firm structures its process in five steps: initial enquiry online, by phone or email; application with documentary support; approval with a search for a lender and terms, which according to the website is usually resolved within hours; payout after signing; and ongoing support from an account manager. The website includes a two-stage calculator that provides an indicative estimate of the monthly payment, total interest and amount repayable. The tool warns that it does not constitute an offer and that actual rates range from 5% to 30% depending on the profile. Calculations are available only for UK-incorporated companies and the minimum amount requested is £5,000. To obtain a personalised quote, the user must complete a form with details such as approximate annual turnover, years trading, UK homeowner status and contact details.

Nexgen Commercials: vehicle procurement

The group has a sister company, Nexgen Commercials, dedicated to the procurement of vans and trucks. According to the website, this service can be cheaper than going to a conventional dealer. During the finance application process, the user can request to be contacted to explore vehicle purchase options through this firm.

Reviews and customer service

The page shows a score of 5.0 based on 100 Google reviews. An automatically generated summary from those reviews highlights the speed and efficiency of the process, the dedication and communication of the brokers, and the intention of many clients to recommend the service. The company attributes its differentiation to a traditional customer care model, with time dedicated to understanding each business's needs. Among the published testimonials are cases of finance for expansion and for the purchase of a work truck.

Location and contact

Phone: 01604 355800 · Email: info@wearenexgen.co.uk