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Business loan options at Funding Circle

Business Finance

Business loan options at Funding Circle

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’.

How much can I borrow with a Funding Circle business loan?

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.

Who is eligible for a Funding Circle business loan?

To be eligible to apply for a Funding Circle business loan you need to meet the following criteria:

  • 2 years of trading history
  • Limited company or LLP

How does the application process work?

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.

How long does it take?

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.

What interest rates do you charge?

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. 

What fees are involved?

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. 

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