Funding Circle

in Business Loans

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Funding Circle


in Business Loans

SuperMoney Net Recommendation Score +67% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Where does Funding Circle do business?

Funding Circle is a marketplace lender based in San Francisco, CA. It was founded in 2010 and offers access to business loans in 49 states (and Washington, DC).

What are Funding Circle’s rates?

Funding Circle offers business loans with fixed APRs starting from 4.99% to 26.99%.

Does Funding Circle charge an origination fee?

Yes, Funding Circle charges a loan origination fee of 5.99% of the loan amount. Funding Circle deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Funding Circle set on the purpose of the loan?

Funding Circle considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Funding Circle offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Funding Circle provides access to the following business loan types:

  • Secured Term Loans
  • Lines of Credit

Does Funding Circle charge prepayment fees?

No, Funding Circle does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Funding Circle?

Loan amounts start at $25,000 and go up to $500,000.

What is the maximum loan term you can get with Funding Circle?

Funding Circle offers business loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Funding Circle?

Applicants with a credit score of at least 620 can apply for a loan via Funding Circle. Funding Circle requires companies to be in business for at least 24 months.

Only U.S. citizens and permanent residents can apply for a loan Funding Circle only considers borrowers who are employed. To qualify, applicants may need to provide the following documentation:

  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income

What is the estimated funding time for a business loan via Funding Circle?

Funding Circle can approve (or deny) a loan application within 24 hours and fund business loans within 5 business days of approval.

Does Funding Circle report loan payments to credit bureaus?

Funding Circle may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
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Other Services by Funding Circle


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Fees
No Prepayment Fee
List of Fees
Origination Fee
Credit Score Range
620 - 850
850 300 620
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
Minimum Months in Business
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
Dollar Amount
Loan Amount
$25K - $500K
    $25 $1M+
Loan Term (Months)
6 - 60
    1 360
(Fixed APR)
4.99% - 26.99%
    0% 100%+



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