Fixed rates with no hidden fees

Only pay for the time that you borrow – no prepayment penalities

best small business loan award
Funding Circle was exactly what I was looking for: a fixed term with reasonable rates. It really just fit with the needs of my business and what I was looking to accomplish.
Ron Schott, Ace Media Productions

Low APRs built to save you more

We built Funding Circle to provide small business owners with a transparent and affordable way to access financing. Unlike some other lenders, we always disclose rates and fees upfront so you never have to worry about hidden costs. With low fixed rates and a single, one-time origination fee, you can save more with Funding Circle.

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Why is APR important?

APR, or annual percentage rate, is a figure that tells you the true cost per year of borrowing money. It’s the true cost of a small business loan because unlike the interest rate, APR also takes into account additional fees and charges that are too often hidden in the fine print.

Transparent, upfront rates

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How are rates calculated?

We know that the small businesses are more than their credit score. We take a holistic approach when determining a small business’ creditworthiness. Our dedicated account reps will work with you to learn about everything from your real–time cash flow to your business assets.

Want to pay off your loan early? No problem.

Charging someone to pay off their loan early just doesn’t make any sense. At Funding Circle, we celebrate your success – if you are able to pay off your loan early, go ahead.

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No prepayment penalities

We have no prepayment penalties – meaning if you decide to pay your loan off early, you won’t get charged extra.

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Only pay for the time you borrow

If you pay off your loan early, you will only pay interest on the time you borrowed.

Fees we do charge

Our pricing structure is simple and transparent. We won’t try to nickel-and-dime you by tacking on surprise fees.

Fee TypeFeeDescription
Origination Fee4.49% to 10.49%A single one-time fee to cover the costs of evaluating and originating your loan. Funding Circle doesn't charge any fees until our Borrowers agree to receive a loan through us. This fee is based on the strength of your credit profile and term length chosen. This fee will be included in the amount financed, and paid off monthly over the term.
Late Payment Fee5% of missed paymentIf your monthly payment is late, you will be charged a fee on the missed payment. This fee is added to your original monthly payment, withdrawn from your account and passed directly onto investors.

Fees we don’t charge

We’re transparent about our rates and fees because we believe you have a right to know the true cost of your loan. Here are some fees to look out for with other lenders.

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No servicing fees

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No account management fees

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No monthly processing fees

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No transaction fees

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No prepayment fees

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No monthly maintenance fees

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No lockbox fees

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No guaranty fees

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No administration fees

Monthly Repayment Calculator

Calculate your monthly repayment for a business term loan from Funding Circle with our Monthly Repayment Calculator.

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Learn more about the types of businesses that we fund.

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Time is money. Money is money. We save you both.

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1 Savings on “Cost of loan” refers to interest and fees associated with a first time borrower. For the purposes of this calculation, “other lenders” leverages data obtained from the public websites of Kabbage and OnDeck. “One document” refers to incremental financial documents required by Funding Circle compared to OnDeck. Analysis based on rates, fees, and requirements available as of October 15, 2019 and may differ from today.