- Nothing to pay for 12 months
- No upfront or early settlement fees
- Rates from 1.8%-7.4%
- Decision typically in 24 hours
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 business finance
Simple, affordable, business finance for small businesses. Get extra working capital, manage disruption, or expand your business with business finance from £50,001 to £500,000 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. Our business finance will help you manage the impact of coronavirus and take your business forward.
Benefits of small business finance
At Funding Circle, you can apply for business financing under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS). You’ll have nothing to pay for 12 months, and the Government will pay the upfront fee and first year of interest on your behalf.
There’s also no fee for full early repayment, and no personal guarantee required up to £250,000.
Popular reasons to get business finance:
- Improve cash flow
- Manage uncertainty
- Refinance existing debt
- Invest in equipment
- Launch a new product line
- Fund marketing campaigns
Frequently asked questions
Business finance, or business financing, is a range of financial products that are used to help with the running of a business. Business finance usually refers to a business accessing funds through a loan or other type of credit to support business needs, such as increasing working capital or buying an asset.
With Funding Circle you can borrow between £50,001 to £500,000 with small business finance. If you need to borrow more, we may be able to introduce you to some of our partners who can offer larger loans.
Business finance takes many forms and can support different business types or functions in a variety of ways. Some types of business finance include:
- Working Capital
- Peer To Peer Financing
- Asset Finance
- Invoice Financing
- Equity Financing
- Equipment Financing
You can get small business finance through Funding Circle with an interest rate between 1.8%-7.4% APR.
APR means annual percentage rate of charge. It includes the cost of both interest and fees that you’ll need to pay, making it easier to compare with other providers.
A personal guarantee is not required for business finance up to £250,000. A personal guarantee is required for business finance over £250,000.
You’ll get a decision on your small business finance typically within 24 hours.
You need to meet the following criteria to be eligible for business finance with Funding Circle.
- 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
How to apply for business finance
It’s quick and easy to apply online and you’ll receive a fast decision to take your business forward.
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score.
Apply online in 10 minutes
Tell us about you and your business with our simple application.
Decision in 24 hours
If approved, you’ll receive a no-obligation, personalised quote.
Your loan is funded
Once you accept, we run some final checks to process your loan and deposit the money straight into your account.
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 firstname.lastname@example.org
COVID-19 helpline 0203 966 1186
Business customer support email email@example.com
Open Mon-Fri, 9am-6pm
Learn more about your options for small business loans
Business loan calculator
Find out how much a loan could cost with our business loan calculator.Learn more
Find guides, tips and more in our dedicated resource centre for small business owners.Learn more
Learn what you can borrow for, how to apply and how we’ll help you with a quick decision.Learn more
How it works
See how our business loans work and how we can help you go further.Learn more
Get a government-backed small business loan to help with coronavirus.Learn more
Secured or unsecured loans
Understand the difference between the two and find the right option for your business.Learn more
Funding Circle was the first “marketplace lender” to join the UK’s Coronavirus Business Interruption Loan SchemeThe Financial Times, April 2020