77% of businesses that borrow from Funding Circle would approach us first for a loan rather than go to a bank
NESTA report May 2013
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Better for businesses
Funding Circle loans are fast, flexible and offer great rates
Borrow up to £1,000,000
You can borrow between £5k and £1M to keep your business growing.
Quick and convenient
Apply online in just 20 minutes and speak directly to decision makers to get an answer within 48 hours. Get money in your bank account within 2 weeks, and in as little as 3 days.
Fully flexible loans
You can borrow for all sorts of requirements, including:
Working Capital, Expansion Capital, Asset Finance, One off business expenses
Investors compete to lend you money in an online auction style, and the lowest bids win. So, you get the lowest rates possible.
You need half an hour to apply what's to lose? The loan happened so quickly, it was me dragging my feet!Ark Consultants
How borrowing works
Taking a business loan through Funding Circle means you'll be directly borrowing from real people in the UK.
There's a simple 'auction' process where thousands of investors compete with each other to lend you money giving you the most competitive interest rate possible.
After you accept a loan, you make one repayment each month which is collected by Funding Circle and distributed to all the lenders.
Step 1: Apply
Simply fill in our online application form in 20 minutes. One of our credit assessment team will give you an answer on your application within 2 days.
Step 2: Live loan auction
All successful loan requests are listed on the marketplace as a new auction.
Registered Funding Circle investors will then start bidding amounts of money at competitive rates.
Over time, the higher rates will get knocked out of the bidding process as more competitive bids are placed.
Step 3: Accept your loan
You can accept your loan as soon as it's fully funded. Alternatively, you can keep it live on the marketplace for a maximum of 14 days, to see if the rate will come down any further as other investors bid.
If you've applied for an unsecured loan: once you've accepted your loan online we'll transfer the fund to your account on the same working day (or, for asset finance loans we'll pay your supplier directly).