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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Funding Circle is an international loan marketplace that specializes in small business loans. The San Francisco- based company has processed over $700 million in loans to over 5,000 small business, since it was launched in 2010. It is registered with the BBB and has an A rating.

How Does Funding Circle Work?

Funding Circle allows accredited investors and institutions to lend money directly to small businesses without the need of a bank. The loans are underwritten by Funding Circle loan specialists that assign each borrower a risk score ranging from A+ to C. Loans are secured by the business assets and a personal guarantee from the primary owners. If investors decide to fully fund a business' loan before the 14-day limit, the funds can be sent within a few days. Usually funding is processed within a week of applying.

What Are Funding Circle's Interest Rates?

Interest rates range from 4.99% to 26.99% APR depending on a business' cash flow, credit scores and customer reviews.

How Much Money Can I Borrow from Funding Circle?

Funding Circle loans range from $25,000 to $500,000 and have terms of 2 to 5 years. A $150,000 loan with a three-year term and a 9.99% interest rate has monthly payments of $4,839. The same loan with an interest rate of 18.49% has monthly payments of $5,460.

Which States Does Funding Circle Operate In?

Funding Circle offers business loans to companies in all states except Nevada.

What Is the Funding Circle Application Process Like?

The application process is entirely online. The first step is to check eligibility by filling an application form, which takes around 10 minutes. Borrowers must agree to Funding Circle performing a credit check and within a few hours, a loan specialist will call to request specific documents to verify the information provided. To qualify businesses must submit business tax returns, personal tax returns, bank statements and income statements. Borrowers usually receive a reply within 2 days of submitting a loan application. Once a loan is pre-approved and funded by investors, the money is deposited within a week.

How Is Funding Circle Better than Other Lenders?

Funding Circle offers competitive rates and repayment terms of up to 60 months. There are no hidden fees or prepayment penalties to worry about; and because it isn't a bank the application process is much faster and easier to navigate. The entire transaction can be performed entirely online and over the phone. Funding Circle uses automated underwriting program, which allows it to process lower loan amounts that are not financially viable for banks.

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Other Services by Funding Circle


Available in 49 States and Washington, DC
  • 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 Prepayment Fee
Origination Fee
0.99% - 6.99%
Minimum Months in Business
Credit Score Range
560 - 850
850 300 560
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
Minimum Revenue
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
Loan Term (Months)
6 - 60
1 360
Loan Amount
$25K - $500K
$100 $1M+
(Fixed APR)
4.99% - 26.99%
0% 100%+


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