Boost your cash flow with a business loan

Borrow £50,001 to £250,000 to support your business through coronavirus and have nothing to pay for 12 months.

  • Nothing to pay for 12 months
  • No upfront or early settlement fees
  • Rates between 1.8%-7.0%
  • Decision typically in 24 hours
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British Business Bank

Funding Circle is accredited by the Government-owned British Business Bank to provide loans under the Coronavirus Business Interruption Loan Scheme (CBILS). .

Take your business forward with a CBILS loan

Get extra working capital, manage disruption or expand your business with a loan of £50,001 to £250,000 under the Coronavirus Business Interruption Loan Scheme (CBILS)

There’s nothing to pay for 12 months, giving you some breathing space. The Government will also pay the upfront fee and first year of interest, helping to reduce the overall cost.

Have a Bounce Back Loan (BBLS) already? You can still apply

Under scheme rules, you can’t hold a BBLS and a CBILS loan at the same time. However, if you have a Bounce Back Loan, you can still apply for a CBILS loan and, if your application is approved, you’ll then be asked to settle your BBLS loan.

57,000 UK businesses have financed their goals by borrowing £6.2 billion through Funding Circle.

£6.2 billion
Lent to businesses

Who can qualify for a CBILS loan?

At Funding Circle, we’ll look at whether we would approve your business for a loan were it not for the impact of coronavirus. That means even if you have been severely affected, you could still get funding.

  • UK-based business that’s been adversely affected by coronavirus
  • Turnover of over £200,000
  • Minimum 3 years of trading history
  • Over 50% of turnover from trading activity (e.g. not from investments)
  • Loan is for business purposes
  • Loan is primarily for trading in the UK

When taking out a CBILS loan, the business is liable for the full loan amount. If the business is unable to repay, the scheme provides a partial guarantee to the lender, not to the business. Read more information on CBILS loans from Funding Circle.

How do I apply for a CBILS business loan?

It’s quick and easy to apply online and you’ll receive a fast decision to take your business forward.

  1. Check if you qualify in 30 seconds

    See if you’re eligible without affecting your credit score.

  2. Apply online in 10 minutes

    Tell us about you and your business with our simple application.

  3. Decision in 24 hours

    If approved, you’ll receive a no-obligation, personalised quote.

  4. Your loan is funded

    Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Apply now

Here to help if you need us

Our UK-based team are here to help throughout your loan. If you’re already a customer and have been impacted by Covid-19, please give us a call on our dedicated line.

Please note that due to an increase in call volumes, wait times are longer than usual. We appreciate your patience.

Loan enquiries credit@fundingcircle.com

COVID-19 helpline 0203 966 1186

Business customer support email loanservicing@fundingcircle.com

Open Mon-Fri, 9am-6pm

The whole process was quick, easy and very, very painless. The extra funding will take the pressure off and ease day-to-day cash flow issues.
Fiona, January 2020
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Andy Walker from Teasdale Motorcycles has borrowed £167,000 for over 4 different business loans, adding 10 new staff and tripling his turnover.

FT
Funding Circle was the first “marketplace lender” to join the UK’s Coronavirus Business Interruption Loan Scheme
The Financial Times, April 2020
The Economist
The Telegraph
BBC News
The Guardian
The Financial Times
City A.M.

Update on COVID-19

If you’re a customer impacted by COVID-19, please visit our support page or get in touch on our dedicated line.

COVID-19 helpline 0203 966 1186

Loan enquiries 0800 048 2467