Self-employed loans for small businesses

Get a self-employed business loan online at Funding Circle and borrow up to £500,000 with nothing to pay for the first 12 months.

reviews

Unsecured small business loans
Borrow up to £500,000
Terms from 2 - 5 years
Decision in as little as 5 hours
No upfront or early settlement fees

Funding Circle is accredited by the Government-owned British Business Bank to provide loans under the Coronavirus Business Interruption Loan Scheme (CBILS). .

Business loans for small business owners

Our self employed loans provide a simple, low-cost way to borrow money for your business and with fixed monthly repayments it is easy to plan for the future.

You don’t need to make any repayments for the first 12 months. With rates from 1.8%-7.4% APR, no upfront fee and no interest to pay for 12 months either, a self employed loan can be much more affordable than a business overdraft or credit card.

What does it mean to be self-employed?

Being self-employed means that you work for yourself, rather than working for an employer, which gives you more freedom to choose a way of working that’s right for you.

Types of self-employment loans

There are three types of self-employment that each have different benefits.

You can apply for a self-employed loan with Funding Circle if you have been trading for 3 years or more to borrow £50,001 to £250,000.

A self-employed sole trader is the simplest way to start your own business. Sole traders work on their own and are personally liable for any loans or debts.

A self-employed partnership is a minimum of two people that share responsibility for a business. Each person’s income and liability is proportional to their share in the business.

A limited company is when the business is a separate legal entity from the owners. The company itself is liable for any loans or debt, rather than the owners having to be personally liable.

Self Employed Loans:

Boost your cash flow
Pay business expenses
Help with payroll
Manage uncertainty
Grow your business
Cover revenue gaps

Pete from Hackney Brewery was able to increase his ale production after taking a £30,000 small business loan to buy a new fermenter. Read more.

How do I apply for a CBILS business loan?

It’s quick and easy to apply online and you’ll receive a fast decision to take your business forward.

Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score.
Apply online in 10 minutes
Tell us about you and your business with our simple application.
Decision in as little as 5 hours
If approved, you’ll receive a no-obligation, personalised quote.
Your loan is funded
Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Apply now

By far the quickest and easiest small business loans. Professional service and a personal account manager. We will definitely use Funding Circle again.

Spiral Gymnastics Ltd. - Jan 2016