Funding Circle Limited

Funding Circle is a small business lending platform that operates in both the United States and the United Kingdom. In the US, it provides term loans to established small businesses looking for financing to grow, cover operating costs or refinance existing debt.

Unlike a marketplace lender that connects borrowers to many different lenders, Funding Circle originates loans directly and uses institutional investors to fund them. The application is done entirely online, and Funding Circle positions itself as a faster and more accessible alternative to traditional bank lending for small businesses.

Funding Circle offers fixed-rate term loans with repayment periods that typically range from around six months to several years. Businesses make regular fixed payments over the loan term. This predictability can be useful for business owners who want to plan their cash flow without worrying about fluctuating repayments.

Funding Circle generally targets established small businesses rather than startups. The company typically looks for businesses that have been operating for at least two years, have a solid credit history and generate consistent revenue. Newer businesses or those with limited credit history may find it harder to qualify.

As an online lender, Funding Circle can often move faster than a traditional bank, but the cost of borrowing may be higher than a bank loan for well-qualified borrowers. Business owners should compare the annual percentage rate and total cost of any Funding Circle loan against other financing options, including bank term loans, SBA loans and other online lenders.

Funding Circle operates across the United States. If you are considering a term loan from Funding Circle, gather multiple quotes and review all terms carefully before deciding.