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 Fee3.49% to 6.99%A single one-time fee to cover our costs of evaluating and originating your loan. The fee is based on the strength of your credit profile and is deducted from your total loan proceeds, which means you do not pay this fee if you do not receive a loan.
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

Small business loan calculator

See how affordable your repayments could be using our business loan calculator. Note, for most up to date rates and fees please complete our simple application.

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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.

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