The UK Government is lending £80m to small businesses through Funding Circle, alongside thousands of people and large investors.Read more
In March 2013, the Government began lending £20 million to small UK businesses through Funding Circle, as part of its Business Finance Partnership scheme.
In early 2014, the Government-owned British Business Bank Investment Programme decided to commit a further £40 million alongside other investors, to support economic growth by providing more efficient finance to small businesses. In 2017 the British Business Bank committed a further £40 million to lend to small businesses.
Funding Circle is supported by British Business Bank Investments Ltd, the commercial arm of the British Business Bank, a development bank wholly owned by the UK Government. In 2017, British Business Bank Investments Ltd committed £40 million, in addition to its £40 million commitment in 2014, alongside other investors, to support economic growth by providing more efficient finance to smaller businesses.
Business loans at Funding Circle
Our online marketplace makes borrowing small amounts for your business quick and hassle‐free. By connecting businesses in need of finance with people and organisations who want to lend, you can access finance to help grow your business in as little as one week.
We did not need a large amount but the loan has helped with cashflow. The whole process was quick and easy and we got the funds secured within 24 hours.Julia, September 2015
I cannot believe how easy and quick it is to get a loan. I would recommend this service to any small/medium/large business, I can now expand and move forward.Rebecca, October 2015
Flexible funding for your business
Benefits of small business loans
- Any loan amount from £5,000 to £1,000,000
- Manageable repayments over 6 months to 5 years
- Interest rates from 6%
- Repay early at no extra cost
- Use the loan however you need
- Unsecured and secured loans available
The application for small business loans is simple:
10 min application
A dedicated account manager will guide you through the process
Decision within 2 working days
Interest rates from 6%
One off completion fee when you accept your loan (1.5%–6% of loan value)
Fixed, easy monthly repayments
Payable over 6 months – 5 years
No early repayment fees
As featured in…
“The company, which matches investors with small businesses that need funding, has ramped up its international expansion in a bid to rival the high street banks.”
“Funding Circle … was the fifth-largest net lender to small businesses in Britain last year, according to data from the Bank of England”