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5 reasons Funding Circle is your best option to finance a move


5 reasons Funding Circle is your best option to finance a move

5 reasons Funding Circle is your best option to finance a move

To effectively grow your business, you may need to consider relocating. A strategic move can help propel your business forward — and the right financing can get you there.

There are plenty of ways to finance a move, but one of the easiest, most effective options is a business loan from Funding Circle. Funding Circle term loans were designed for business owners by business owners, and offer rates competitive with traditional bank loans.

We’ve reimagined what small business lending looks like: smart, speedy, and service-oriented.

Here are five reasons why our loans stand out:

1. Fair rates.

With Funding Circle, you can borrow anywhere from $25K to $500K over six months to five years, with rates starting at just 4.99%.

We pride ourselves on a fair, affordable, and transparent payment structure. Unlike merchant cash advances, which price by fees instead of quoting a straightforward APR, we only have one simple origination fee. That way, you know exactly what you’re paying up front, and there are no hidden costs or steep price tags.

2. Speedy process.

When you’re relocating, you may need money quickly to cover a down payment and secure your new space. Waiting for a traditional bank loan or SBA loan can take up to a few months, though, and short-term lenders who promise fast funds often overcharge.

But Funding Circle is different. We combine the power of technology with the oversight of trained underwriters, which allows businesses to apply for a loan in just 10 minutes, get a decision in as little as 24 hours after document submission, and receive the funds in as few as five days if they’re approved.

3. No prepayment penalties.

Unlike some loans, Funding Circle loans don’t have prepayment penalties. That means if your business takes off after the move, you can pay off your loan early with zero additional fees. Plus, you’ll only pay interest on the amount of time you borrowed, so you can put the money you save toward further expanding your operations.

4. Fixed monthly payments.

Moving your business comes with plenty of unexpected costs, but your loan payments shouldn’t be one. Funding Circle loans have fixed annual interest rates and once-monthly payments over the length of your loan. Your rate is based on the strength of your credit, not your monthly sales.

A clear, consistent payment schedule makes it easier to plan and budget accordingly, so you’re never surprised or stressed.

5. Easy process.

Applying for a business loan can be time-consuming and confusing, but Funding Circle makes the process easy — so you can dedicate more time to planning your move.

When you apply for a loan, we’ll assign you a dedicated account manager to guide you through the loan approval process and beyond. This person will contact you after you submit your application, and will be there to help you collect documentation and answer questions.

Think a Funding Circle loan might be the right choice for your business? Apply today — our simple online application comes at no cost to you, and you can explore your options.

Funding Circle

Tags: Operations

Updated: Dec 7, 2018

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