Updated: 19 July 2021
To help as many businesses access finance as possible, we’re offering our own Funding Circle business loans alongside the Government’s Recovery Loan Scheme (RLS). Here we take a look at what those business loans can offer and how the application works.
If you’d like more information on the Recovery Loan Scheme, check out ‘How do Recovery Loans work’.
You can apply for a business loan of £10,000 to £500,000. Unlike some Government schemes there are no caps based on your turnover, we’ll simply assess your application and what the business can afford to borrow.
To be eligible to apply for a Funding Circle business loan you need to meet the following criteria:
To make things as simple as possible, you only need to make one application using our online form. We’ll then assess you for both a Funding Circle business loan and a Recovery loan and review which loan we can give you on the best possible terms.
Applying for a business loan with Funding Circle is quick and straightforward. You can apply online in 10 minutes and you’ll get a decision in as little as 1 hour.
Interest rates on Funding Circle business loans begin at 4.3% per year. All our loans are fixed rate too, so you’ll know exactly what you’ll be repaying each month.
We charge a one-off completion fee when you take out the loan. There are no annual or early settlement fees, so you can pay off your loan early in one go and only pay interest on the time you borrow.
To see how a Funding Circle business loan can help you, check your eligibility in 30 seconds today.