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Compared to other online lenders, Funding Circle borrowers can save 40% on the cost of their business loans.1 See how affordable your repayments could be using our business loan calculator.

Grow your business at an affordable rate

Forget expensive credit cards, inflexible lines of credit, and lenders with daily repayment schedules and outrageous fees. There’s a better way with Funding Circle.

With a business term loan you can expand to a new location, hire staff, buy more inventory, and fund your next step – all on an affordable plan.

We’re transparent about our rates and fees, because we believe you have a right to know the true cost of your loan. See if Funding Circle is the right financing option for your business.

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It really just fit with the needs of my business and what I was looking to accomplish.
Ron Schott, President and CEO of Ace Media Productions

Think about a better business term loan

  • Rates starting at 4.99%1
  • 6 month to 5 year terms, with fixed monthly payments
  • Get a decision in as little as 24 hours
  • No prepayment fees, and only pay interest for the time you borrow
  • Simple, one-time origination fee
  • Borrow $25K to $500K

How Much Is A Small Business Loan?

We provide flexible, fast, and affordable small business loans tailored to your business. By keeping our fee structure transparent and simple, you always know the true cost of how much a business loan is. At Funding Circle, we provide a consistent, monthly repayment schedule. When it comes to wondering how much is a small business loan, there are no surprises, no heavier upfront payments, and no confusing jargon.

Even the interest rates are affordable on a small business loan with Funding Circle: We have among the most competitive rates in the industry, with APR starting at 8.75%. In January 2020, we were recognized by Money Magazine as the “Best Small Business Loan with a Low APR”. Don’t just wonder how much a business loan is; get your personalized rate today and you could get a decision in as little as 24 hours with funds the next business day.

Why Funding Circle?

Funding Circle was created with a big idea: to revolutionize the outdated banking system and secure a better deal for small businesses. We passionately believe that when small businesses succeed, everyone benefits. To help your business thrive, we’ve taken the best parts of an SBA loan – like fixed and affordable once-monthly payments and no prepayment penalties – and created something faster and more flexible. From accountants and jewelers to bakers and filmmakers, we’ve helped thousands of businesses secure the financing they need to grow, create jobs, support local communities, and drive the economy forward.

Frequently Asked Questions
After you submit your financial documents an underwriter will review your application. Our underwriters look at what we call the the 5 Cs of credit:
  • Capacity: Your current cash flow, cash flow projections, and credit history.
  • Conditions: How you intend to use the loan and the state of your business’s industry
  • Capital: How much money you’ve invested in the business
  • Collateral: What type of assets and property you own
  • Character: Your business’ trustworthiness and stability
Your interest rate will be between 4.99% and 24.99%. Your rate is based off the term length of the loan and the strength of your credit profile. We know that a credit score isn’t the only indicator of a healthy business, so we consider a number of other factors when considering a loan application, from real–time cash flow and credit scores to online customer reviews.
Generally, the shorter the loan term, the lower the interest rate, and the higher the monthly payment.
The total cost of the loan is the total amount you would repay over the loan term. This includes the amount you borrow, the origination fee, and the total interest paid over the loan term.
Our business loans are fully amortizing term loans. Your monthly payment is based on the loan amount, the term length, and the interest rate. Upon approval, we will give you an amortization schedule of your loan showing you the due date of each payment, the monthly payment, the amount of the monthly payment applied to the loan principal and the amount applied to interest, and the remaining loan balance.
Just like your interest rate, your origination fee will be determined during our underwriting process and is based on the strength of your credit profile.

We believe in transparency. We charge an origination fee on each loan we fund, ranging from 3.49% to 6.99%. There are no hidden fees or prepayment penalties with your Funding Circle business term loan, meaning your application and consultation with our dedicated loan specialists is absolutely free. If you change your mind, you can walk away obligation-free.

Once you have accepted a loan offer from Funding Circle, we do charge 5% on late payments. This amount covers our additional costs, including any bank processing fees, and the rest is passed on to our investors. If you think you might not be able to make a scheduled payment, please reach out to as as soon as possible at We will do our best to understand your situation and work with you on a solution.

We require a lien on your business assets and a personal guaranty from the primary business owners. Collateral can include, but is not limited to, equipment, vehicles, accounts receivable, and inventory.

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1 Rates may vary according to term and overall creditworthiness. To see what rate your business may qualify for, apply today at no obligation. This calculation is based on rates offered to some of our most creditworthy borrowers. Actual amount funded will be less than loan amount as we charge an origination fee which is deducted from the loan amount.

2 If your business is organized as a general partnership, your credit score may be impacted.
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