The UK's banks are failing small businesses, the family and community based businesses that our economy is so dependent on. Access to finance is difficult and where loans for small businesses are granted they are most often at unpalatably high rates.
Here at Funding Circle we sought to turn that around by creating a new platform whereby ordinary people can lend money directly to the UK's established and creditworthy small businesses.
Banks are paying savers low interest rates and yet they are charging small businesses high fees for banking and borrowing. It's hardly a fair situation. By using Funding Circle we cut out banks altogether meaning better interest rates for savers and business borrowers alike.
Related info: Small business loans | Small business grants | Small business finance | Small business funding | Fast business loans