Bass Place
Double Bass Workshop
London
"I would recommend Funding Circle one hundred percent to others. It was beyond my expectations how easy application and the fulfilment of the loan was"
Secured vs unsecured business loans
We offer both secured and unsecured options to help you take your business further. Find out more and apply in minutes today.
Apply online in 7 minutes
Decision in as little as 1 hour
Borrow £10,000 to £750,000
Rates from 6.9% per year
Secured and unsecured options available
Funding Circle has worked with the British Business Bank since 2013, supporting thousands of businesses as one of the largest providers of Government-backed loans including through the Growth Guarantee Scheme.
What’s the difference between secured and unsecured business loans?
Unsecured loans
Unsecured loans allow you to borrow without giving security on any business assets, such as property or equipment. They’re a quick and easy way to get an affordable cash injection for your business.
Secured loans
Secured loans allow you to borrow without personal liability from the directors or shareholders, as you can use business assets as collateral. If your business can’t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the outstanding amount.
Does Funding Circle offer secured loans?
We offer both secured and unsecured loans, to give you the choice to do what suits your business most.
All you have to do is apply for a Funding Circle loan as normal, and if you’re eligible for this option we’ll make you multiple offers, so you can select the option that works best for you.
What we offer
At Funding Circle we offer a variety of products to suit different needs, from business loans to short term finance.
Funding Circle business loans
Borrow from £10,000 to £750,000 with fixed rates and no early settlement fees. Secured and unsecured options are available depending on eligibility.
Asset finance
Borrow up to £5 million to fund new equipment, vehicles, machinery or other assets through our panel of expert partners.
FlexiPay
Spread the cost of business bills, invoices and more with a line of credit of £1,000 to £250,000. Pay by card or cash transfer, then choose to repay over 1, 3, 6, 9 or 12 months.
Funding Circle Cashback
Get paid back every time you spend with our Cashback business credit card. Earn up to £2,000 with 2% cashback for the first 6 months, plus 1% uncapped cashback on everything you spend after that
Check your eligibility in 30 seconds with our online form without affecting your credit score.
Applying is quick and easy
1
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score
2
Apply online in 7 minutes
Complete our simple form with your details, and we’ll only ask for supporting documents if we need them
3
Get approved in as little as 1 hour
If approved, you’ll receive no-obligation offer with your personalised rate
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
Frequently asked questions
When applying for term loan finance, a lender will typically seek some security or additional liability to ensure commitment from the borrower to repay the funds over the agreed term.
Depending on eligibility, we can offer our customers two choices: signing a personal guarantee, where directors/shareholders share personal liability for the loan with the business (unsecured loan), or signing a fixed and floating charge over business assets (secured loan).
The only difference between them during the application process is the documents you need to sign. If you prefer the secured option, we will not ask for anything extra as part of your application, and there are no valuation fees.
It’s just as quick as our standard term loan – with decisions in as little as 1 hour and funds typically paid within 48 hours once approved.
Yes! As part of your credit assessment, we’ll look at a range of factors to determine what we can offer you, including previous lending history. Having existing charges over business assets will not exclude you from receiving a dual secured/unsecured offer from Funding Circle. We always recommend seeking solicitor advice if you need more guidance.
Whichever option you choose, terms are available from 6 months to 6 years. There’s also no fees for full early repayment, so you can settle early at no extra cost.
To be eligible to apply for a loan with us, you need to:
- Have been trading for 1 year or more
- Be based in the UK
Medina Capital Investments
PRIVATE ENQUITY INVESTMENT
London
"It’s been fantastic. It’s really progressed our company."
Looking for a shorter term loan to bridge cash flow gaps?
Get a quick injection of funds, just when your business needs it. Choose from 6 or 12-month terms with no upfront fee if you apply directly.
Find out about shorter term loansStill not sure what's best for your business?
Tell us what you need and our product selector will help you find you the perfect small business finance solution.
Visit the product selector