There's a new option available to attract funding for business. Traditionally smaller businesses have been able to seek finance from grants, equity investors or bank loans. Unlike for larger companies there are no bond markets and perhaps more importantly (and potentially as a result) there is a stark lack of competition in small business financing.
Business grants have been declining in number and take considerable time and effort to attract thereby taking away their very "grant" nature. Equity investors are there but not all projects require a new business partner. So that leaves business loans where access has deteriorated and costs have exploded.
With the top banks being so dominant there is unfortunately little incentive for price competition and change. Now there is a new option available...
Funding Circle gives UK small businesses a new alternative where they can borrow directly from real people, not banks. Through our online marketplace people get better returns and businesses get lower cost finance. Watch the video to learn more.
Related info: Business finance | Asset finance | Business funding | Business lending | Working capital loans