Skip to content

How to get a business loan

Find out how to get a business loan or get started now with our simple application

Apply as a limited company without affecting your credit score

  • Apply online in 10 minutes

  • Decision in as little as 1 hour

  • Borrow £10,000 to £500,000

  • Rates from 6.9% per year

  • No fees to settle early

BBB logoAs well as offering business loans up to £500,000, Funding Circle is accredited by the Government-owned British Business Bank to provide business loans of £25,001 – £250,000 under the Recovery Loan Scheme (RLS).

How to get a business loan: step-by-step

Do you want to take your business to the next level with a fast, affordable business loan? Follow these steps to prepare your application and boost your chances of being approved. We’ll take you through the key considerations when applying, and walk you through how to get a business loan, step by step.

Preparing to apply for a business loan

Before you apply for a business loan, taking a moment to get your plans and documents in order will give you the best chance of being approved.

“Our fixed-term loans are a great option for small business owners as they are flexible, easy to apply for, and you stay in control. Unlike secured business loans, you won’t have to wait while your business assets are valued, or seek permission if you want to sell those assets in the future.”

– Lisa Jacobs, Chief Executive Officer

A Funding Circle small business loan can be much more affordable than a business overdraft or credit card.
Bobbin bicycles

Bobbin Bicycles

"Tom at Bobbin Bicycles used his business loan to sell directly to customers via their website, cutting out the distributors he’d previously relied on."

Applying is quick and easy

a woodworker looking at a laptop
  1. 1

    Check if you qualify in 30 seconds

    See if you’re eligible without affecting your credit score

  2. 2

    Apply online in 10 minutes

    Complete our simple form with your details, and we’ll only ask for supporting documents if we need them

  3. 3

    Get approved in as little as 1 hour

    If approved, you’ll receive no-obligation offer with your personalised rate

  4. 4

    Get your funds in a couple of days

    Once you accept your offer we'll deposit the money into your account - typically within 48 hours


Here to help if you need us

Contact our UK-based team if you have any questions

Making a loan application

As we value your time, we’ve streamlined our loan application process to be fast, efficient, and finished in the time it takes to drink a cup of tea.

Unlike some other lenders, in our application process there are:

  • No in-person interviews
  • No business plans
  • No financial forecasts

"We’re not just customer service professionals, we’re small business experts with years of experience working with business owners, like you. Unlike other lenders, SMEs are our sole focus, so you get our undivided attention. Whatever a customer’s query – big or small – we're here to help."

- Matt Barton, Head of Sales

Check your eligibility in 30 seconds with our online form without affecting your credit score.

Getting a decision on your business loan

Once you’ve completed your application, you could receive a decision and a personalised offer in as little as 1 hour. If you accept your offer, your loan will be paid straight into your bank account in a matter of days.