Updated: 23 June 2021
We have made the decision to pause lending for retail investors during this period, and whilst there remains significant uncertainty in the economy.
Following the end of the Coronavirus Business Interruption Loan Scheme (CBILS), we continue to support small businesses through our business loans, including the Government’s new Recovery Loan Scheme (RLS), which will help small businesses trade through this period and, in turn, protect your returns.
The businesses you have lent to will continue to make monthly principal and interest repayments, which will accumulate in your available funds and can be withdrawn to your nominated bank account or by ISA transfer at any time.
We will continue to service your loans and collect repayments, and our team will continue to be on hand to support you with any queries you may have.
We are committed to retail investors and will provide an update on lending through the platform in due course.
This has been a difficult decision for us to make, and we know that it will be disappointing for many of you. We look forward to welcoming you back when we’re able to, however we wanted to thank you for the support you have provided to both our platform and small businesses. To date, you have helped more than 66,000 businesses access the finance they needed to grow; creating tens of thousands of jobs and contributing billions of pounds to the UK economy.
We will be in touch once you are able to continue supporting small businesses across the UK. If you have any questions, please don’t hesitate to get in touch.
The Funding Circle Team