Funding Circle business loans allow you to borrow up to £1 million from a community of over 20,000 people, organisations and the UK Government*. Over £200 million has already been lent to businesses across the UK, with the Government alone committing to lend £20 million through Funding Circle.
Fast turnaround loans. Because business can’t wait
We know lengthy delays can mean missed opportunities in business. That’s why we’ve designed a fast, simple borrowing process where you apply online in just 30 minutes and get a decision within 48 hours. On average loans are completed in 6 days.
Fully flexible loans
Loans are fully flexible, so you can borrow for all sorts of requirements, including: working capital, expansion capital, asset finance and one off business expenses.
How it works
When you take out a Funding Circle loan, you borrow from a community of over 20,000 people, together with councils, universities and the UK Government.
We list loans on an online marketplace and use an auction process to fund loans. That way everyone has the opportunity to participate and in turn, you only borrow from those who offer the best rates.
Auctions typically run for 7 days with many loans being funded in just a few hours.
Who can apply?
Any established business from around the UK with:
- 2+ years trading history
- £100k minimum turnover
- UK resident Directors
- No CCJs over £250
Kennedy’s restaurant borrowed £100,000 to refurbish their restaurant
‘We were able to go directly to Funding Circle which cut out so much time for us. We received an answer directly from the credit assessment team in 2 days and had our loan in a matter of days after that. I would encourage any potential businesses looking to borrow to try Funding Circle as it’s not all about the big high street banks any more’ Richard Pickering, Director of Kennedy’s
*This is funded by the Department for Business, Innovation and Skills (BIS) and provided to each eligible business as a loan, not a grant, on equal terms with the participating private sector investors. Neither BIS nor any Government agency is involved with the operation or management of the loan.