You can now transfer your existing ISAs into Funding Circle

Since last November more than £90 million has been lent directly to businesses through the Funding Circle ISA, and we’re pleased to see so many of you taking advantage of the opportunity to earn attractive, stable returns tax-free. From today, you are now also able to transfer any existing ISAs you hold over to your Funding Circle account, subject to any restrictions set by your current provider.

This means that any funds you hold in a Cash, Stocks & Shares, or Innovative Finance ISA can be transferred into your Funding Circle ISA, allowing you to earn a projected return of 7.2%* per year after fees and bad debt. Existing ISA transfers will not affect your £20,000 ISA allowance, unless you are transferring funds you have used to subscribe to an ISA this tax year.

How do I transfer my existing ISAs?

Please don’t directly withdraw funds from any existing ISAs you hold, as you may lose the tax-benefits associated with them.

We’ve made the process for transferring your existing ISAs as smooth as possible. All you need to do is fill-out an ISA transfer form online, then print, sign and return it to us. Simply follow these steps and we’ll do the rest for you:

1. Navigate to the Transfers page in your account

Sign in to your Funding Circle ISA account and navigate to the Transfers page. Select the ‘Transfer existing ISA’ option.

If you do not have an ISA account you will need to open one before being able to access this option.

2. Select the type of ISA you would like to transfer

You can choose from Cash, Stocks & Shares or Innovative Finance ISA depending on the type of ISA you wish to transfer. Remember you can submit a separate transfer request for each ISA you hold.

3. Answer a few quick questions

We’ll use the answers you provide us to fill out your transfer form. Please take care to ensure every answer is entered accurately. If anything isn’t clear, our friendly team are on hand to help.

 

4. Print, sign and date your transfer form

Please post it to the following address:

Freepost FUNDING CIRCLE INVESTOR ISA

That’s it – no need for a street address or postcode. Please remember to write in capitals where indicated. As a Freepost address, you don’t need to attach a stamp or pay for postage.

5. We’ll do the rest

We’ll get in touch with your ISA provider and arrange for your funds to be transferred over to your Funding Circle ISA account.

How long does the ISA transfer process take?

Once we’ve received your form, we’ll get to work straight away. It can take approximately 20-40 working days depending on the type of ISA you want to transfer:

  • Once we receive your transfer form we will send this to your previous ISA provider
  • Your old provider will then process the request and transfer your funds to us. Cash ISAs can take up to 15 working days to process, with Stocks and Shares and Innovative Finance ISAs taking up to 30 working days.
  • Once we have received your funds we will transfer them to your Funding Circle ISA. This can take another five working days.

Q&A

 

Why can’t I sign and return the form online?

Many ISA providers require the transfer form to be signed with a ‘wet ink signature’ before they proceed with any transfer.

Do ISA transfers count towards my subscription limit?

Transfers of existing ISA accounts do not count towards your subscription limit for this current tax year. However, if any of the funds you are transferring were paid into an ISA this tax year then these funds will count towards your subscription limit.

Are there any limits to how much I can transfer?

You can choose to transfer all or part of any funds you have paid into an ISA in previous tax years. However, if you are transferring funds you have paid into an ISA during this tax year, you must transfer it in its entirety. You can transfer as many existing ISAs as you wish.

Can I cancel an ISA transfer?

Please get in touch with both us and your ISA provider as soon as possible if you would like to cancel your transfer. If your existing ISA provider hasn’t started processing the request, then we may be able to cancel it and your funds will stay where they are.

You can find more information on the Funding Circle ISA in our FAQs, or please feel free to get in touch.

Remember, by lending to businesses your capital is at risk.

Enjoy lending,

The Funding Circle team

*The projected return is an estimate of the annual return, after fees and bad debts, that a diversified investor could earn by lending through the Balanced lending option as of 2nd May, 2018. You can see how the return is calculated here. Actual returns may be higher or lower and by lending to businesses your capital is at risk.

April Round-Up

In this month’s round-up you can find industry news, business success stories, your top 5 questions answered and finally changes and opportunities for the new tax year from Simon Read. Read on below to find out more.

Trustpilot quote of the month

“We really like what Funding Circle are doing. From our initial enquiry, funds had cleared into our bank within 7 working days. We can now focus on growing our business. Thank you Funding Circle – for doing the work the banks should be doing!”

Bobbin Bicycles shows how to keep the export wheels turning

It’s great to see one of the businesses in our community featured in The Sunday Times, highlighting how selling overseas can help small businesses thrive.

Founded in 2007, Bobbin Bicycles supply a range of trendy leisure bicycles for everyday cyclists across the world. In 2016, they borrowed £250,000 through Funding Circle to buy stock for their new online sales channel. They’ve recently come back for second loan of £150,000 for working capital. Thanks to your support, we can continue to help small businesses, like Bobbin Bicycles, and push the economy forward.

Top 5 investor questions – answered

Our investor support team are on hand to help with any queries you have about your account, how lending works or Funding Circle in general. We spoke to the team to find out the most common questions you were asking. Here are your top 5 questions answered.

March industry news

In this issue, we discuss how technology has sparked a cultural shift within financial services, and how businesses are turning away from banks for financial support. Read more on this in our industry news.

A new tax year means new opportunities – Simon Read

To help you get the most from your finances, we regularly bring you a column from Simon Read, a personal finance expert. In this issue, Simon discusses how the new tax year can bring new opportunities.

March’s Lending Impact and Borrower Stories

In case you missed it, here’s last month’s post. In March’s lending impact we met Michaela, the founder of Arapina Bakery, in our latest case study video.

By lending to businesses, your capital is at risk.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

Read between the lines – A new tax year means new opportunities

We regularly bring you a column from Simon Read, a personal finance expert with extensive experience in helping people make the most of their money.

We’re into a new tax year and you could understandably be forgiven for thinking, ‘so what?’ But there are two things you need to be aware of.

First is the fact that if you don’t want to fall foul of any new tax laws, you need to be aware of them. Don’t worry, I’ll run through them in a bit.

But second is the opportunity you have right now to get ahead of the game. By that I mean rather than waiting until the end of the financial year to sort out your tax affairs, if you do so now you’ll end up better off – and I’ll explain how.

New tax rates

First, what are the changes in the tax law that have come into effect for the 2018-19 year? Frankly, there’s not a lot, just some tinkering with the tax rates. So the personal allowance – the amount you can earn without paying any tax – has climbed to £11,850.

The basic rate band – the amount you earn on top of your personal allowance and pay 20% tax on – has increased to £34,500. The crucial bit is that means you’ll only start paying the higher 40% tax rate on income you earn this year above £46,350.

Meanwhile, the capital gains tax annual exemption is £11,700 this year and it’s well worth making the most of it if you have assets you’re planning to sell and make a profit on. It’s also worth bearing in mind that if you’re married, your spouse has a similar capital gains tax exemption which may be worth using.

In essence, selling some assets this year could help avoid a tax bill later which could hit if you sell a lot of items at a profit.

Plan early to make the most of tax breaks

That brings us right back to how you can be better off by sorting out your tax affairs now.

To begin with, if you start an ISA now rather than waiting until the deadline at the end of the tax year, you’ll benefit from a whole year’s extra growth on your nest egg. You can stick £20,000 into an ISA now, which would mean an extra £1,000 by the end of the financial year if you managed to get growth of 5% over the course of the next 12 months.

For example, the Funding Circle ISA is now open to all investors, which offers a projected annual return of 7.2% tax-free*. If you were to use your allowance now you could be in great shape by the end of the year.

Thinking longer term, you may want to stick some more money into your pension. It’s not just about building up a decent pot that you’re likely to need in your later years, but also taking advantage of one of the best savings tax-breaks around.

The fact is that contributions to a pension attract tax relief at your highest marginal rate. So if you’re a higher rate taxpayer, you’ll attract tax relief of 40% on any money you stash in your pension. To put it another way, that means that for every 60p you put into your retirement savings, the government effectively tops it up to £1, once the tax relief is taken into account.

If you’re in a decent company scheme, your employer may even match your contributions which would turn your 60p contribution into a £2 addition to your pension pot.

You can put up to £40,000 into a pension every tax year. However, if you haven’t used that allowance in previous years you can use it now to make extra contributions to your retirement nest egg. The so-called carry forward rules mean you can use up pension allowances from up to three years ago. That means in the current tax year you can use up allowances dating back to 2015/16 – but you must do so before 5 April 2019.

If that all seems too much to think about, think about this: there are deadlines to making the most of these tax allowances. If you miss the deadlines, you lose them. But acting now means giving yourself plenty of time to examine your options. And that means giving yourself plenty of time to cash in rather than losing out.

Key things to remember:

New rates

  • Personal tax allowance is now £11,850
  • Higher 40% rate tax threshold is now £46,350

Plan early to make the most of tax breaks

  • Using your ISA allowance early will help you earn more
  • Take advantage of 40% tax relief on pension contributions
  • Carry forward pensions allowance from previous years

The views expressed here belong to the author and do not represent those of Funding Circle. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice.

The information and views contained here are provided solely for informational purposes and should not be construed as legal, tax, regulatory, accounting or investment advice, or as a recommendation or an offer or invitation by Funding Circle.

To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, such information contained here.

If you have any questions, please speak to your professional adviser or seek independent specialist advice.

*The tax-free entitlement of an ISA depends on the individual circumstances of each investor, and may be subject to change in the future. The projected return is an estimate of what investors could earn on the Balanced lending option, after fees and bad debts. It uses the loans we expect to be funded on the platform, and the estimated bad debt rate of those loans based on our all-time loan data. See the full calculation here. Your actual return maybe higher or lower, and by lending to businesses your capital is at risk.

Culture shifts and funding boosts – March industry news

How Funding Circle is keeping the little guys in the loop – City AM

Up until now, finance companies have typically been viewed as dull and corporate, but we’re pleased to see that this perspective is changing. Technology has sparked a culture shift within financial services, bringing enthusiasm, passion and fun back into the workplace. As our co-founder James Meekings says, “When we think about the people we hire, it’s all about energy.” Fostering an empowering culture and staying true to a set of values is key to a successful business, and is something we are firm believers in at Funding Circle.

China could snatch the crown of FinTech capital, Britain is warned – The Times

Talking about the FinTech sector more broadly, the chancellor Philip Hammond recently told an industry conference that the UK was the “global capital of FinTech” and that the emerging industry contributes £7 billion to the economy. Mr Ramsden of the Bank of England added “The UK can’t afford to be complacent even with London’s pre-eminent position, commercial advantage must be constantly worked for and renewed.” As well as boosting the economy, FinTech companies are creating new opportunities for investors, consumers and businesses. Whether you want to transfer money overseas, get a faster loan or a better return on your investment, these platforms are making such services quicker and easier to use.

FT City Network transcript: the outlook for ‘Global Britain’ – Financial Times

As well as changes in technology, trade partnerships play a crucial role in creating opportunities for businesses. Looking ahead to a post-Brexit world, there will be a lot of excitement about new global partnerships we can build in distant lands. In the long-term these could be very beneficial, but for small businesses who depend on exporting, their greatest opportunities in the short term will continue to lie with our European neighbours. Small businesses do not typically have the time or resources to form long-distance trading partnerships. Consequently, access to fast, fair and affordable finance will be critical to taking advantage of the opportunities exporting can bring.

Small firms say no to bank loans – The Times

Another shift we’re seeing across the UK is the number of businesses that are turning away from banks for financial support. Research suggests that only one in three businesses indicated a willingness to borrow finance in 2017, down from almost half in 2015. However, it’s hugely positive to see the increased amount of innovation and choice being brought to the market thanks to the emergence of online lending. These platforms are helping small businesses  seize growth opportunities, hire more staff and go even further.

Innovations to utilise your tax allowance – City AM

Finally, we’re really excited to announce that the Funding Circle ISA is now available to all investors. This will allow investors to make the same attractive returns tax-free, helping them better provide for their future while helping businesses get the funds to thrive. As with the Classic account, there are two investment options to choose from: ‘Balanced’, for a projected return of 7.2 per cent; and the lower-risk ‘Conservative’, for a projected return of 4.8 per cent. For more information on the Innovative Finance ISA (IFISA) check out this article in The Times or visit our ISA page.

News

Your top questions – answered

Our investor support team are on hand to help with any queries you have about your account, how lending works or Funding Circle in general. We spoke to the team to find out what were the most common questions you were asking. Read on below to find the answers to your top 5 questions.

1. Can I move money from a Classic to an ISA account?

Unfortunately you can’t transfer either loan parts or available funds from your Classic account to your ISA.

ISA regulations state that investors can only make cash subscriptions into an Innovative Finance ISA. Instead, you must first sell your loan parts to other investors, then withdraw the funds raised into your nominated UK bank account. You can then transfer the funds into your ISA account.

Likewise if you have available funds in your Classic account, you are unable to transfer directly to your ISA. Again, you will have to withdraw and transfer in from your bank account.

The same is true if you want to move funds from your ISA to your Classic account.

2. Why can’t I sell all my loan parts?

Although the majority of loan parts will typically be sold within 24 hours, to ensure all investors are protected and treated fairly, we have specific rules and restrictions on which loans can be sold. Investors can’t sell loan parts that:

– Have had their risk band removed (for example when a CCJ has been registered against the business)
– Are late (currently behind on repayments) or are in default
– Have only one payment remaining

The first two restrictions are often temporary. If a business gets back on track with their repayments and there are no remaining issues, we can reinstate the risk band and the loan part can be sold.

As a result, investors can only sell loans that are in good health, which helps to protect the investors who buy them.

3. Why is my money not being lent out?

Our automatic lending tool is designed to help more than 70,000 investors lend their funds to businesses quickly and fairly. We have a dedicated team who monitor the balance between the supply of investor funds and demand from businesses. Liquidity has been excellent in recent months with approximately 97-99% of the total amount of investors’ funds lent out to businesses at any time.

It’s important that the remaining available funds are allocated fairly, so all investors have the chance to lend their funds to businesses. To help achieve this, the lending tool is more likely to match investors who have a large proportion of their funds available.

It’s worth noting that the lending tool will typically start matching your available funds once they reach 0.5% of your portfolio, and you will usually have a small proportion of funds not lent at anytime. Lending will be slower at weekends as new loans are only listed within working hours, but you may still purchase loan parts that are being sold by other investors.

In addition, if you are lending through our Conservative lending option, it can take longer to lend all of your funds out to businesses as you are only lending to our A+ and A risk bands, rather than across all businesses.

4. Why do I get negative interest at the beginning of lending?

This is a common occurrence when investors first start lending and is not a cause for concern.

When lending through Funding Circle, you will typically lend the majority of your funds to businesses who are taking out a new loan. However, you will also use some of your funds to purchase loan parts that are being sold by other investors.

As loan parts are often sold mid-way between repayments, it’s important that both the seller and buyer of a loan part receive the interest owed for each day they hold it for.

As a result, when you buy a loan part, you’ll pay the seller the amount of interest owed to them since the business last made a repayment. This interest will be taken from your available funds, and may show as a negative amount on your account total if you are just starting to lend. When the business makes their next repayment, you’ll receive a full month’s worth of interest.

5. Can I split my funds between Conservative and Balanced?

Only one lending option can be applied to your account at a time, so funds cannot be lent out using both Conservative and Balanced options simultaneously.

However, you could lend out half your funds using one option, then switch to the other and lend out the rest. This would split your funds across the two options, although any repayments would then be lent according to your current lending option.

If you’d like to change your lending option, you can do so at any time via the “Lending settings” tab.

More information can be found in our investor guide. Remember, by lending to businesses your capital is at risk.

Your April Review – Insight and Analysis

In March, you and other investors lent over £123 million to UK businesses, allowing them to achieve their business goals. Dive in below for your monthly analysis.

Last month, you helped over 1,800 UK businesses grow and take new opportunities — thank you for your continued support! Together we can continue to drive energy into the UK economy.

How Funding Circle is keeping the little guys in the loop City A.M.

“When I step into the lively hive that is Funding Circle’s office, it’s a breath of fresh air” says Katherine Denham, writer at City A.M. This article highlights our culture, our team and how our investors are supporting thousands of small businesses across the county.

These graphs show the most recent activity on our platform.

You’ve helped more than 10,500 small businesses access finance in the last 6 months…

 

Totalling over £701 million lent

March 2018 sector breakdown

Amount lent to each sector

March 2018 regional breakdown

Amount lent to each UK region

As part of lending to businesses, a small percentage will not be able to fully repay their loan. This is known as bad debt and is a normal part of business lending. We believe diversification, where you lend no more than 1% of your total to each business, is the best way to reduce the impact this has on your return. Our automatic lending tool will help you diversify by splitting your investment across lots of businesses. We suggest lending £2,000 or more, so you can lend to at least 100 businesses, with no more than 1% going to each one.  

Each week, we publish a list of the loans being defaulted on the Customer support section of our website under ‘Announcements.’ To see a breakdown of the loans defaulted last week simply click on loans defaulted 29th March 2018  For further information on why Funding Circle defaults loans you can read our FAQ here.

You can also read more about how our collections and recoveries process works (part one and part two) on our blog.

Up next in April we’ll be looking at the impact your lending is having on the UK economy and bringing to life some of the businesses you’ve helped access finance.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

*Data from CEBR report

This blog is a general summary, and should not replace financial advice tailored to your specific circumstances. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice. If you have any questions, please speak to your professional advisor or seek independent specialist advice.

March’s Lending Impact and Borrower Stories

In this month’s lending impact, we bring you our latest case study video featuring an award-winning bakery. We’ve also got your Easter weekend covered, with five booming businesses who can help you have a great weekend. Dive in below.

We’re pleased that so many of you are already benefiting from tax-free returns with the Funding Circle ISA. Thanks to your support, we can continue to help businesses take opportunities, create new jobs and drive energy into the economy.

Trustpilot quote of the month

“When others turned their back, Funding Circle helped us turn our dreams into reality. Thanks to their trust in us we are now able to expand our business and move things forward. We can’t thank them enough. If you wish to fulfil your business ambitions then there’s only one place to go, FUNDING CIRCLE!”


In January we introduced Michaela, the founder of healthy lifestyle bakery, Arapina. Originally from Crete, Michaela grew up eating natural and healthy home cooked food. After moving to London, Michaela’s passion for food led her to trade in food markets in 2013. She began with one single product – the Arapina chocolate cake – but as demand kept growing so did their menu. In May 2017, Arapina accessed finance through Funding Circle to expand their business and have since doubled their turnover. Watch the case study video to learn more about their exciting journey.

Make the most of your Easter break with friends and family

The long Easter weekend is nearly here! Here are five Funding Circle borrowers who can help you make the most of the long break. From visiting a chocolate factory to feeding the farm animals, there’s something for everyone. All of these businesses were able to flourish thanks to your support.

February’s Lending Impact and Borrower Stories

In case you missed it, here’s last month’s post. In February’s lending impact we met Jake, the founder of Bristol Bicycles. Additionally, we announced that the University of Huddersfield has lent to over 2,000 UK business through our platform. Finally, we listed five Funding Circle borrowers to keep the Winter Olympics spirits high.

Up next

At the beginning of April we’ll publish our Insights and Analysis blog to review March’s activity, including statistics from across the platform and helpful tips to make the most of your investment.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

Healthy treats for everyone, thanks to your support

Michaela is the founder and owner of award-winning healthy lifestyle bakery, Arapina. The bakery focuses on reinventing Mediterranean cooking, specialising in free from and guilt-free treats.

After finishing university, Michaela went straight into work. It wasn’t long before she became bored and found herself dreaming about running her own business. Being an avid home baker herself, Michaela began trading in food markets in 2013 with one single product – the Arapina chocolate cake. Her delectable treat was an instant hit, and she started to receive requests from wholesalers. Demand kept growing and there quickly became a need to relocate into a larger premises. Shortly after, they moved into an industrial kitchen between Greenwich and Deptford.

The bakery was minimal and there was a need for funding to refurbish the premises. Michaela came across Funding Circle through an advert on social media and decided to take a loan in May 2017. “I found that I could communicate with them. They understand the mindset of an entrepreneur and that really helps” she said. Since receiving funds from Funding Circle investors, Arapina have doubled their turnover. “Without them we wouldn’t be in the position we are today”.

In this short video, meet Michaela and discover more about the exciting evolution of Arapina.

Are you interested in lending to businesses like Arapina?

Lend alongside 78,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started and there are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Make the most of your Easter break with friends and family

The long Easter weekend has arrived! If you’re stumped for things to do, we’ve pulled together a list of Funding Circle borrowers to help you make the most of the break.

Visit a chocolate factory

5 years ago NOMNOM moved into an abandoned chocolate factory in South West Wales. They found an extraordinary collection of chocolate moulds, and have been steadily turning them into hand-painted sculptures of edible art. At the old factory they now offer a range of experiences to go with their treats, including workshops to design, fill and paint your own chocolate mould. For something a little more special, indulge in their 5 course Easter feast or stay the night in the farm house. NOMNOM has borrowed £176,000 across multiple loans since 2016 to continue their growth.

Embark on a countryside walking tour

Like Christmas, Easter wouldn’t be complete without an unnecessarily long family walk. But are you bored of your usual route? Check out Shepherd’s Walks for a superb collection of guided walks, including in Northumberland and Cumbria. If guided tours aren’t your thing, purchase a handheld navigator with GPS and determine your own route in an area of your choice. Since July 2015, Shepherd’s Walks have borrowed £108,000 across 3 loans to keep up with company growth.

Feed the farm animals

If you find yourself in Leicestershire for the Easter break, head to Little Jack’s Farm in Bottesford. The family run business includes a children’s farm and a garden centre – fun for all the family. At the farm, you can feed a range of animals including sheep, rabbits and ponies. If the weather doesn’t hold up, there’s also an indoor play and crafts area for children. Little Jack’s Farm has borrowed £81,000 across multiple loans to expand the children’s farm and improve their facilities.

Create your own Easter egg hunt

We appreciate that a weekend away isn’t feasible for everyone. Instead, build the excitement at home by creating your own Easter egg hunt in your garden or nearby park. D&D Chocolates specialise in chocolate and confectionery for people with allergies to dairy, gluten and nuts. They also supply to hospitals and clinics so that children don’t miss out on a chocolate Easter egg. D&D Chocolates needed to purchase a larger chocolate moulding machine and a walk in refrigeration room to keep up with interest in their dairy free chocolate. Since September 2014, they have borrowed £24,000 across two loans.

Get your garden ready for Spring

Perhaps indulging in copious amounts of chocolate over a 4 day weekend isn’t your thing. Now it’s officially Spring (and about time too!) make sure your garden looks the part. Gardening Express has a great online store, with the perfect selection of Spring Flowering Bulbs to brighten up your flower beds. To boost seasonal buying power and cash flow, Gardening Express borrowed £157,900 in April 2016.

Are you interested in lending to businesses like these?

Lend alongside 78,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started. There are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Looking to expand your business?

More than 35,000 businesses in the UK have accessed finance through Funding Circle. You could boost your cash flow, refurbish premises, hire staff and much more. Check if you qualify for a business loan online in just 30 seconds.

Small businesses diversify funding. February industry news

Small businesses look to specialist lenders for loans – Financial Times

According to recent research by the British Business Bank, small businesses are diversifying their sources of funding away from the banks and seeking support from other avenues, such as online lending platforms. This shift shows that there is much more choice for available for small businesses today than there was only a few years ago, which is excellent to see. Business can now access fast, affordable finance online in a matter of days, without even leaving their homes. Read more about the report in the Telegraph.

Banks stress-test themselves but don’t say how they’ll support business – The National

Another recently published report, the Scottish Business Report, shows that little information is available on how banks are planning to support their small business customers post-Brexit. The report also looks at how bank net lending (which is total lending minus repayments) has significantly dropped following the referendum. In 2017, 30 of the UK’s largest banks lent £679 million to small businesses on a net basis, whilst investors at Funding Circle alone lent £600 million. This encouraging growth wouldn’t be possible without to your continued support, so thank you!

2017 was a record year for UK fintech investment – City AM

There was record venture capital investment in UK FinTech in 2017 with £1.3 billion invested in companies working in financial technology. This represents a rise of 150 per cent since 2016 which is a bigger increase than either the US or China. Globally, two of the biggest deals were for Transferwise and Oaknorth, both UK firms. Funding Circle, Interactive Investors and Monzo made up the rest of the top five biggest deals in the UK. This is encouraging as it shows the UK shaking is off concerns of a Brexit slowdown.

University of Huddersfield Lends to More Than 2,000 UK Small Businesses – Crowdfund Insider

In 2013, the University of Huddersfield became the first University to lend directly to businesses through a lending platform – and it continues to lead the way in this area today! Since then, the University has gone on to support over 2,000 UK small businesses through Funding Circle, including Ushiwear, a British clothing brand. Launched by husband-and-wife team Neil and Jilly Kapusi, the passionate duo were able to build on their success and go for growth after accessing finance through the platform. Read more on our blog.

The Sunday Times Best 100 Companies – The Times

To finish up, we were delighted to be named 16th in The Sunday Times Best 100 Companies. We’ll leave it to our UK MD and co-founder, James Meekings, to summarise: “Even though we now have 800 employees, we still feel like a small business. We still push for opportunity and for people to be creative.”

Your March Review – Insight and Analysis

Last month you and other Funding Circle investors lent over £113 million to UK businesses to help them grow and develop. Dive in below for your monthly analysis.

We’re also very proud to announce we are 16th in The Sunday Times 100 Best Companies to Work For 2018. You can see the full list here.

In February, you and other investors helped over 1,700 UK businesses take new opportunities and reach their goals — thank you for your continued support!

Meet our Collections and Recoveries Team

Our aim at Funding Circle is for you to earn stable returns when lending directly to businesses. Dive into our Q&A with Andrew Jackson, Head of Collections and Recoveries in Europe, to find out how the team has evolved over the years to ensure the best possible outcome for you and other investors.

These graphs show the most recent activity on our platform.

You’ve helped more than 10,200 small businesses access finance in the last 6 months…

Totalling over 678 million lent

February 2018 sector breakdown

Amount lent to each sector

February 2018 regional breakdown

Amount lent to each UK region

LoansDefaultedLastWeek

As part of lending to businesses, a small percentage will not be able to fully repay their loan. This is known as bad debt and is a normal part of business lending. We believe diversification, where you lend no more than 1% of your total to each business, is the best way to reduce the impact this has on your return. Our automatic lending tool will help you diversify by splitting your investment across lots of businesses. We suggest lending £2,000 or more, so you can lend to at least 100 businesses, with no more than 1% going to each one.  

Each week, we publish a list of the loans being defaulted on the Customer support section of our website under ‘Announcements.’ To see a breakdown of the loans defaulted last week simply click on loans defaulted 1st March 2018  For further information on why Funding Circle defaults loans you can read our FAQ here.

Collections

HowItWorks

You can also read more about how our collections and recoveries process works (part one and part two) on our blog.

Up next in March we’ll be looking at the impact your lending is having on the UK economy. We’ll also bring to life some of the businesses you’ve helped access finance.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

*Data from CEBR report

This blog is a general summary, and should not replace financial advice tailored to your specific circumstances. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice. If you have any questions, please speak to your professional advisor or seek independent specialist advice.

Meet the Collections and Recoveries team, who help keep your returns healthy

At Funding Circle our aim is for you to earn stable returns by lending directly to businesses. With any type of lending, your capital is at risk and it’s normal for some businesses to be unable to repay their loans. We call this bad debt, and we expect a certain percentage of it to occur each year.

When a business falls behind with their repayments, our Collections and Recoveries team will work closely with them to achieve the best possible outcome for investors. We spoke with Andrew Jackson, who heads up the team, to find out more about how Collections and Recoveries have evolved over the past few years.


Andrew joined Funding Circle in 2013

Hi Andrew, thanks for speaking with us today. A lot has changed since we brought Collections and Recoveries in-house in early 2014.  What does the team look like now?

In the beginning it was just a part-time colleague and myself handling everything. Now we have more than 20 people in five specialist teams:

  • The Loan Servicing team deals with borrowers who are on time with their repayments, but may have queries or requests such as asking for statements of account or settlement figures.  
  • The Business Advisory team carries out portfolio monitoring on the whole of the loan book. They look for warning signs and work with borrowers to find ways to keep payments on time.
  • The Collections team deals with missed payments. They know as soon as a direct debit is cancelled, or 3 days before the due date if a direct debit bounces.
  • The Recoveries team deals with any loans where the borrower or guarantor has entered a formal insolvency process, or that are defaulted.  
  • Last but by no means least, the in-house Recoveries Litigation team carries out our legal work, with the help of an external panel when required. Bringing litigation into my team in 2016 enabled us to work faster and cheaper in commencing bankruptcy proceedings, obtaining security and commencing legal action.

We also work closely with external tracing agents, private investigators, surveyors, insolvency practitioners, turnaround experts and lawyers.

How has the approach of the team changed since 2014?

In the early days we were testing out new approaches and ideas, which set us apart from the usual strategies taken by banks. We found our approach seemed to work much better than industry expectations, and resulted in lots of positive feedback as well as recovering more money for investors.  

You mentioned your strategies are working? What results have they had?

We’ve seen exceptional performance over the past few years. Moody’s (the ratings agency) have published reports suggesting that we should get 30% lifetime recovery on our asset class*. However, we have seen significantly higher results, and we predict that will continue. Over the last few years, investors have consistently earned returns on average between 6-7% per year after fees and bad debt.

The difference with Funding Circle is that we don’t give up on borrowers simply because they are going through a rough patch. Entrepreneurs are a tenacious bunch. They learn from their mistakes, get back on their feet, and start new businesses – and it is from those new ventures where we see a significant portion of our recoveries. I think businesses understand this.

When we explain our policies to them they often agree that they are fair – even those who we believe are not being as cooperative as they could be. When we explain to them why we have reached that conclusion they tend to see things from our perspective, and then work alongside us in a much more open and honest way.

Thanks Andrew, we appreciate you taking the time to speak with us!

You can learn more about how the Collections and Recoveries process works at Funding Circle with the blog posts below:

Bad debt, defaults and why not to be afraid of them

How our collections process works (part 1)

How our collections process works (part 2)

How long does it take to receive recoveries?

Alternatively, if you have any questions please feel free to get in touch.

Enjoy lending,

The Funding Circle team

*Frank J. Faboozi, Handbook of Finance, Volume 1: Financial Markets and Instruments: v. 1, (J. Wiley & Sons, 2008)

February’s Lending Impact and Borrower Stories

In this month’s lending impact, find out how our partnership with Huddersfield University has helped UK businesses grow and develop. Next, meet the founder of Bristol Bicycles in our case study video and finish by discovering five Funding Circle businesses to keep you in the winter Olympic spirit.

GreatMonthFor

The University of Huddersfield has lent to over 2,000 UK business through its partnership with Funding Circle. In 2013, the university became the first to lend directly to businesses through the platform.

The partnership has created many opportunities for students through entrepreneurship scholarships. One of the many businesses to benefit from the university’s lending is Ushiwear, a British clothing brand owned by husband and wife, Neil and Jilly Kapusi. Read more on our blog.


Meet Jake, the founder of Bristol Bicycles. Ten years ago, Jake launched his own business, offering an affordable and high quality bicycle workshop. A few years on, Jake began designing and manufacturing his own line of bicycles and in 2015 launched Bristol Bicycles.

To support the growth of his business, Jake received expert coaching from Gary, a Business Coach at ActionCOACH. Having worked with Funding Circle for over 18 months, Gary recommended finance through Funding Circle to help boost cash flow and expand Bristol Bicycles further. Watch the case study video to find out how this partnership has allowed Jake to achieve his business goals.

Get into the Olympic spirit!

Last Sunday marked the end of the 2018 Winter Olympics, but the fun doesn’t have to stop there! We’ve put together a list of five Funding Circle borrowers to keep your spirits high. From synthetic ice rinks to ski and snowboard gear, all of these businesses were able to expand thanks to your lending. Dive in here.

January’s Lending Impact and Borrower Stories

In case you missed it, here’s last month’s post. In January’s lending impact we introduced the founder of Arapina and listed five businesses to help you stay in shape in 2018.

Up next

At the beginning of March we’ll publish our Insights and Analysis blog to review February’s activity, including statistics from across the platform and helpful tips to make the most of your investment.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

Get into the Olympic spirit!

Last Sunday marked the end of the 2018 Winter Olympics, with a dazzlingly choreographed closing ceremony in Pyeongchang. It’s been a real treat with some epic moments, but the fun doesn’t have to stop there.

We’ve found five Funding Circle borrowers who can help you carry on living the Olympic adventure.   

Hit the slopes

What better way to follow in your heroes’ footsteps than to book a luxury skiing holiday in the Alps? Ski Morzine have fully catered and self-catered chalets superbly located in the Portes Du Soleil. Not only will you have access to the full range of ski slopes and runs, but your evenings will be as comfortable as it gets – with free WiFi, sauna and even an ‘in-house cinema’!

Funding Circle is Ski Morzine’s preferred source of additional funding when looking to expand their portfolio of chalets.

Try something a little closer to home

The Olympics were great, but not everyone has the time to whisk themselves away to the Alps for a week. Fortunately, there’s plenty of opportunities to get involved here in the UK. Take Ice-Magic Ice Rinks, who have been supplying and renting synthetic ice rinks for the past 14 years. Maybe your upcoming event could do with something different? Perhaps an adrenaline-filled ice hockey match for your next company bonding? You could even recreate Torville and Dean in your back garden! If ice skating isn’t your forte, they also manufacture and hire curling lanes – they’ve even supplied one to Team GB! Whatever you’ve got in mind, these guys have you covered.

Look the part

Whether you’re at home or abroad, if you’re getting involved with winter sports it’s important you’ve got the right gear. Finches Emporium, a family-run sports store, have everything you need to get kitted out for the slopes. If snowboarding is more your thing, then Snowtart are one of the few South East-based snowboarding specialists outside of London.

Finches borrowed through Funding Circle in May 2014 to support an advertising campaign, while 171 investors lent to Snowtart to help them expand into international sales.

Wind down with a winter warmer

After a full day on skis, boards or skates, what better way to regale your friends with your exploits than over a bottle of organic sloe gin? Bramley & Gage offer different varieties of great-tasting spirits, gins and liqueurs. Their Six O’Clock Gin has won numerous national and international awards. To purchase a new gin still and increase their distilling power, the business has borrowed £65,000 over 2 loans since 2013.

Are you interested in lending to businesses like these?

Lend alongside 78,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started. There are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Looking to expand your business?

More than 34,000 businesses in the UK have accessed finance through Funding Circle. You could boost your cash flow, refurbish premises, hire staff and much more. Check if you qualify for a business loan online in just 30 seconds.

A thriving bike shop, thanks to you and ActionCOACH

Following his passion for bikes, 10 years ago Jake Voelcker took a leap and launched his own business: Jake’s Bicycles. His friendly and approachable workshop in the heart of Bristol offers affordable and high-quality service for all levels, from occasional riders to sports enthusiasts.

After a few years of strong growth, Jake saw the potential to inspire even more people to get into cycling. Through his experience servicing bikes and discussions with customers, he started designing and manufacturing his own line of bicycles with the goal to provide a comfortable cycling experience. In March 2015 he launched his own brand, Bristol Bicycles, entirely hand built and assembled in his workshop, offering the high attention to detail that mass production factories can’t replicate.

However, building a successful business is far from simple and external support was necessary to identify key focus areas. Gary, a Business Coach at ActionCOACH, has now been working with Jake for more than a year, providing guidance on how to develop the brand as efficiently as possible.

Based on the business evolution and Jake’s objectives, Gary quickly realised Bristol Bicycles needed a cash flow boost to grow. Having worked with Funding Circle for over 18 months, he did not hesitate to recommend us and was confident Jake would get a fast decision on his application.

Learn more about Jake and Gary’s experience using Funding Circle in the video below.

Since partnering in 2016, our relationships with the different business coaches from ActionCOACH has allowed many small businesses access more than £4 million in lending. We look forward to helping even more together in the years to come.

Are you interested in lending to businesses like Bristol Bicycles?

Lend alongside 77,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started and there are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Partner with Funding Circle

We work with a wide range of corporate and bank partners to help UK businesses access much needed finance. Email our Partnerships team at ukpartners@fundingcircle.com to find out how we can work together.

Lending directly to small businesses to create entrepreneurship scholarships

The University of Huddersfield has lent to over 2,000 UK small businesses through Funding Circle, thanks to a partnership where the University became the first to lend directly to businesses through a lending platform. Launched in 2013, the tie-up has created opportunities for students through entrepreneurship scholarships. Professor Bob Cryan, Vice-Chancellor at the University said: “I was originally drawn to Funding Circle because I felt that the platform’s innovative approach to investments and small businesses was a strong match to the ethos of the University.” 

Four years on, the University continues to lead the way in this area, having committed a further £1 million to the programme in 2014 after the initial investment of £100,000. One of the local businesses that has benefitted from the University’s lending is Ushiwear, a British clothing brand launched by husband-and-wife team Neil and Jilly Kapusi. The passionate duo were able to build on their success and go for growth after accessing finance through the platform.

Neil Kapusi, co-founder and COO of Ushiwear

“The capital injection from the University through Funding Circle has allowed Ushiwear to grow exponentially. We’re now currently in the process of a complete brand overhaul with everything from a new website, to a new shop, to new product lines. We’ve been able to invest in new equipment, boost our advertising and marketing and expand our team.” said Neil.

Are you interested in lending to businesses like these?
Lend alongside 75,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started and there are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Looking to expand your business?
More than 30,000 businesses in the UK have accessed finance from Funding Circle. You could boost your cash flow, refurbish premises, hire staff and much more. Check if you qualify for a business loan online in just 30 seconds.

Your February Review – Insight and Analysis

YourFebReview

Last month Funding Circle investors, like you, lent over £117 million to UK businesses to help them grow and develop.

Dive in below for your monthly analysis and read the latest blog by Simon Read, a personal finance expert. With extensive experience in helping people making the most of their money, Simon discusses saving for your summer holiday.

JanLendingFigures

Last month, you and other investors helped businesses to take new opportunities, create new jobs and drive energy into the UK economy. Thank you for your continued support!

FebLendingBlock

Read between the lines: Saving for your summer holiday

Are the short nights and cold days making you want to book a holiday away in the sun? Dive in for Simon Read’s top tips for ensuring you can plan and save efficiently for the holiday you’ve been dreaming of.

MonthyTrends

These graphs show the most recent activity on our platform.

You’ve helped more than 9,700 small businesses access finance in the last 6 months…

 

FebVolume

Totalling over £650 million lent

 

FebValue

January 2018 sector breakdown

Amount lent to each sector

FebSector

January 2018 regional breakdown

Amount lent to each UK region

FebRegion

LoansDefaulted

As part of lending to businesses, a small percentage will not be able to fully repay their loan. This is known as bad debt and is a normal part of business lending. We believe diversification, where you lend no more than 1% of your total to each business, is the best way to reduce the impact this has on your return. Our automatic lending tool will help you diversify by splitting your investment across lots of businesses. We suggest lending £2,000 or more, so you can lend to at least 100 businesses, with no more than 1% going to each one.  

Each week, we publish a list of the loans being defaulted on the Customer support section of our website under ‘Announcements.’ To see a breakdown of the loans defaulted last week simply click on loans defaulted 2nd February 2018For further information on why Funding Circle defaults loans you can read our FAQ here.

Collections

HowItWorks

You can also read more about how our collections and recoveries process works (part one and part two) on our blog.

Up next in February we’ll be looking at the impact your lending is having on the UK economy and bringing to life some of the businesses you’ve helped access finance.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any further suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

*Data from CEBR report

This blog is a general summary, and should not replace financial advice tailored to your specific circumstances. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice. If you have any questions, please speak to your professional advisor or seek independent specialist advice.

Read between the lines: Saving for your summer holiday

We regularly bring you a column from Simon Read, a personal finance expert with extensive experience in helping people make the most of their money. In his last piece, Simon looked at the cost of Christmas.

If you’re like me, the depressing weather at this time of year will make you want to have something good to look forward to – a holiday in the sun! And knowing that in a few months you could be sitting poolside sipping a cocktail, or exploring that old ruin with the sun in your eyes, is a good way to help cope with the shorter nights and rainy days.

But assuming you want – like me – to have a fantastic summer holiday to look forward to, the question is, how to pay for it? The easiest and most convenient way is to simply put it on the credit card. You can worry about paying for it later but, if you’ve been sensible, you’ll have a piece of plastic that gives you cashback or loyalty points. If you’re splashing out a couple of grand on a decent holiday, think how much cashback that’ll net you!

But, and it’s a big but, if you don’t pay off credit card debt right away, you end up being stung by high interest. And that could mean putting your dream trip on plastic proves a costly mistake. If you can’t pay off the whole amount in one go, you could box clever by opening a card with a 0% deal and transferring the debt to that. However, that’s not taking account of the balance transfer fee. Many cards charge 3% for that so if you transferred £2,000 you’d have to pay out £60 for the privilege.

So maybe sticking the holiday on a credit card is not such a good idea. In fact it’s a lousy one. The simplest and easiest way to pay for a holiday is to plan for it. You know you’re going to go away in the summer so start saving for it months ahead. In fact the best way to pay for a holiday is to have a regular savings habit into a holiday account. Work out how much you plan to spend on your breaks each year and stash a 12th of the total away each month.

That should mean that paying for trips is painless. But it does mean planning; not just planning your saving but also your spending. You know when you have big costs coming up, annual insurances or council tax for instance, as well as holidays. Your saving plan should take account of your spending needs so that you can cope with big costs without having to dip into the red or use an expensive credit card.

In other words, think about what you’re saving for in 2018. For long-term savings you want to find the best possible return on your cash, which will mean being happy about making the most of peer-to-peer opportunities, or bonds. But for short-term savings where you know you will need the cash in a matter of months, you should keep it in an account that is easy to access. That will mean sacrificing decent returns for paltry ones, but is the price you have to pay.

Sorting savings into short-term and long-term is a good way to start a sensible savings plan.

That’s especially important as it means that once you’ve accounted for all your short-term needs, for holidays and bills and so on, the rest of the cash you have available to put in a nest egg can be used to get better returns. And that will leave you laughing all the way to the river bank or beach, depending on your chosen holiday.

The views expressed here belong to the author and do not represent those of Funding Circle. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice.

The information and views contained here are provided solely for informational purposes and should not be construed as legal, tax, regulatory, accounting or investment advice, or as a recommendation or an offer or invitation by Funding Circle.

To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, such information contained here.

If you have any questions, please speak to your professional adviser or seek independent specialist advice.

January’s Lending Impact and Borrower Stories

JanInvestorImpact

This month’s lending impact is all about kick-starting a healthy new year. First, we meet Arapina, an award winning bakery offering guilt-free sweet treats made from all natural ingredients. Next up, get in shape with five Funding Circle businesses who were able to grow thanks to your lending.

GreatMonthFor

This month we’re proud to announce we took home 3 awards at the AltFi Awards 2017. This included the coveted Editor’s Choice Award, as well as P2P Business Platform of the Year and Best Clarity of Data. With your continued support, we strive to grow our success even further in 2018.

JanSuccessStory
Arapina

Meet Michaela, the driving force behind the award winning healthy lifestyle bakery, Arapina. Originally from Crete, Michaela grew up eating locally sourced, natural and healthy home cooked food. After moving to London, Michaela found it increasingly difficult to find sweet treats that satisfied both her vegan diet and her taste buds. As a result, Michaela, or “Lady M” as she’s known, set up Arapina to offer delicious guilt-free treats made from the best natural ingredients.

Since 2013, their mission has been to carve a path away from the sugary, artificial produce found in many bakeries and instead offer people a healthy, yet delicious, alternative. Originally, Arapina traded with only one type of cake – the famous chocolate Arapina. As the years progressed and crowds grew fond of Arapina’s delectable delights, they decided to expand their menu. Today, their decadent cakes and desserts cater for all dietary requirements, including dairy free, gluten free and vegan recipes.

Thanks to your continued support, Michaela and the team were able to purchase new equipment after relocating into their own production and retail unit.

Stay tuned as we’ll be bringing you a behind the scenes case study video very soon.

Yoga, Pilates or Bodybarre? How will you stay in shape in 2018?

It’s that time of year when the decision to become fitter is top of everyone’s to do list. Many of the world’s most well-known and successful entrepreneurs consider yoga, pilates and other forms of exercise as an essential ingredient for their continued success. Head to our blog to discover five businesses to help you get in shape this year. All of these businesses were able to achieve their goals thanks to your lending.

December’s Lending Impact and Borrower Stories

In case you missed it, here’s last month’s post, where we met the founder of the Creative Whisky Company in our latest case study video and took a tour through small business past, present and future.

Up next

At the beginning of February we’ll publish our Insights and Analysis blog to review January’s activity. This includes statistics from across the platform and helpful tips to make the most of your investment.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

Yoga, Pilates or Bodybarre? How will you stay in shape in 2018?

The decision to become fitter is usually top of people’s new year’s resolutions and for good reason. Many of the world’s most well-known and successful entrepreneurs consider yoga, pilates and other forms of physical fitness as an essential ingredient for their continued success. These 5 local businesses are helping the UK get in shape, so where will you start?

Record your every move at Be X Fitness

Established in 2013, this Barnsley-based fitness center offers team workouts using high tech equipment so you can get the most out of your workout. Thanks to My Zone, the connected tracking technology, users can record their every move, analyse performance and receive personalised training advice from coaches.

running-shoes

To support growth, Kevin Yates applied for a business loan through Funding Circle in November 2017. They accessed £106,000 in less than one week, meaning they could take on the next opportunity quickly.

Physio by Pea Green to keep you energised

Stephanie Smith launched Oxfordshire-based Pea Green Physio back in 2008. Eight years on she decided she wanted to expand into yoga and pilates and needed a business loan to open a studio. Pea Green now offers yoga and pilates classes alongside sports massages and rehabilitation therapy after raising £25,000 through Funding Circle.

yoga-park

Rediscover fitness with Paola’s Bodybarre

Forget what you know about traditional fitness classes and embrace Paola Di Lanzo’s multidisciplinary workout methods. From light sessions focusing on technique, alignment and flexibility, to high intensity training and weight-lifting, the wide range of classes will help you find the exercise you’re looking for. After opening her first studio in Fulham in 2014, Paola’s BodyBarre is now available in 7 other pop-ups, affiliated studios and private members clubs around London. Paula expanded the business with a £53,000 loan to open a new flagship studio in Sloane Square.

Paola's Bodybarre Studio

Yoga gets you in the right headspace

The meditation classes at London-based Yogacentric are said to improve your mental focus by connecting your mind and body. If meditation isn’t for you and you’re looking for something more active, try their hot yoga or one to one sessions. All levels are welcome.

yoga-outside

Daniel Percival came to Funding Circle in 2016 as he wanted to grow his London studio. He secured £53,200 over 5 years to finance working capital and the fit-out of a second location.

Keep moving at Alderley Pilates

Jan and Peter Bowen founded their pilates business in Cheshire 15 years ago. The studio brings talented teachers and enthusiasts of all levels together in a friendly and relaxed environment. All of their trainers are certified by Body Control Pilates, the largest European professional pilates’ organisation.

pilates-workout

Alderley Pilates first came to Funding Circle for a business loan in 2014. Finance from Funding Circle has helped them refurbish their premises and upgrade their website to grow the business.

Are you interested in lending to businesses like these?

Lend alongside 76,000 investors and support small businesses across the UK by signing up online today. You can use our investor information guide to help you get started. There are thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.

Looking to expand your business?

More than 32,000 businesses in the UK have accessed finance through Funding Circle. You could boost your cash flow, refurbish premises, hire staff and much more. Check if you qualify for a business loan online in just 30 seconds.