An update to the business profile tab
In September we announced that borrowers would now be required to show the total amount of additional debt they had, rather than broken down by specific types of finance. We wanted to let you know that over the coming weeks you’ll start to to see this change in the loans and credits tab in the business profile.
Additionally, as part of this drive to attract more creditworthy businesses to the marketplace, we have refined the application businesses need to complete to register at Funding Circle. We have condensed the three questions business owners provide on their Profile page, into a single question titled: “How will this loan help your business?”
Rather than making this change immediately, we will roll it out slowly over the next few weeks. As a result you will continue to see some loan requests where the businesses has provided answers to the old three questions.
If you have questions about this change, please feel free to get in touch or join us on the forum.
The Funding Circle Team