Funding Circle Business Loans
Funding Circle Business Loans
in Business Loans from Funding Circle

Funding Circle Business Loans

in Business Loans from Funding Circle
SuperMoney Net Recommendation Score +80  


This product is strongly recommended by SuperMoney users with a score of +80, equating to 4.6 on a 5 point rating scale.


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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Community Rating Strongly recommended
Loan Amount $25,000 - $500,000
APR  (Fixed APR) 4.99% - 38%
(Verified 08/04/2023)
Loan Term (Months) 6 - 84 months
Number of Reviews 15

Funding Circle Business Loans Review

Funding circle is a business financing offering by Funding Circle, based in Denver, CO. Founded in 2010, Funding Circle offers access to small business loans in 48 states (and Washington, DC).

Funding circle FAQ

What are Funding circle’s rates?

Funding circle offers a fixed APR business financing product that ranges from 4.99% APR up to 38% APR.

Does Funding circle charge an origination fee?

Yes, Funding circle charges a loan origination fee of 5.99% of the business loan amount. Funding circle deducts the fee directly from your business 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 business loan?

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

  • Emergency Repairs
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • Marketing
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of small business loans does Funding circle offer?

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

  • Secured Term Business Loans
  • SBA Loans

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 business loan off early.

How much can you borrow from Funding circle?

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

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

Funding circle offers small business loans with terms ranging from 6 to 84 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 Funding Circle Business Loans?

Funding Circle Business Loans requires companies to be in business for at least 24 months. Businesses must have a minimum annual revenue of $500,000 to be considered.

Applicants with a credit score of at least 660 and up to 850 may be eligible for Funding Circle Business Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Funding Circle Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Funding Circle Business Loans.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Government issued photo ID
  • Proof of identity

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

Funding circle can approve (or deny) a business loan application within 24 hours and fund small business loans within 1 business day of approval.

Does Funding Circle Business Loans report your account activity to credit bureaus?

Yes, Funding Circle Business Loans reports your account activity to the following credit reporting agencies:

  • Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Funding circle

Funding Circle is the world’s largest small business lender specializing in fast & affordable funding solutions. Since 2010, we’ve proudly funded more than $15.2B to borrowers looking to transform big dreams into small businesses in over 700 industries.

As a leading resource trusted throughout the United States and across the globe, our mission is to empower small businesses with the flexible funding solutions they need to help reach their full potential.

Our full suite of affordable loan programs offer borrowers a unique and seamless funding experience. With approval in as little as 24 hours, access up to 500K in funds within just a matter of days. Even better, our long term business loans come standard with low once-monthly payments so that you can focus on what really matters: your business.


Message From Our Editor

What We Love About Funding Circle

Funding Circle is not a bank. It is a marketplace that matches accredited and institutional investors with businesses that want to borrow money in order to grow their operations. 

The main advantages of Funding Circle over traditional lenders are speed, flexibility, and transparency. Applying for a loan takes just 10 minutes, and the money can be in your bank account within 10 days. 

Because Funding Circle is not a bank, it is not restricted by rigid policies and banking regulations. This means it can be more flexible when assessing the eligibility of borrowers. The interest rates it charges borrowers are not much different from those a business might get from a traditional bank, but the chances of approval or much better with Funding Circle.

What Can Funding Circle Do Better?

Funding Circle’s rates are competitive but not necessarily better than that of a traditional bank. We would love to see Funding Circle take the next step in offering loans that beat traditional banks' rates.

When combined with their quick and easy approval process, Funding Circle would have a distinct advantage over traditional banks.

Funding Circle’s Background

In 2013, Sam Hodges, Co-Founder of Funding Circle, owned a chain of fitness gyms but couldn’t find a lender to help his business expand. Out of frustration after receiving his 96th small business loan rejection letter, he merged his business with Funding Circle, which had found early success in the UK. 

Today, Funding Circle is one of the world’s leading online marketplace for small business loans. It has lent billions to small businesses in the UK and US since it was founded in 2010 and continues to help small business owners today. 

The Verdict

Small business owners who are frustrated with the traditional process of applying for a small business loan from a bank will enjoy the quick and easy process of applying with Funding Circle. Their chances of approval will increase as a result of Funding Circle’s marketplace in which institutions compete to offer loans at the best possible rates. 


Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 5:00pm
  • Tuesday 6:00am - 5:00pm
  • Wednesday 6:00am - 5:00pm
  • Thursday 6:00am - 5:00pm
  • Friday 6:00am - 5:00pm
  • Saturday Closed

Other Services by Funding Circle


  Available in 48 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
NSF Fee $0
No Prepayment Fee
Origination Fee (%) 5.99%
Applicant's Minimum Percentage of Business Ownership 20%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 660 - 850
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 24
Minimum Revenue $500,000
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Income Statement
  • Balance Sheet
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting Experian
Funding Time Range 1 - 2 days
Payment Frequency Monthly
Payment Options Automatic Payments
APR Type Fixed APR
Loan Amount $25,000 - $500,000
APR (Fixed APR) 4.99% - 38%
(Verified 08/04/2023)
Loan Term 6 - 84 months

Funding Circle Business Loans Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +80, equating to 4.6 on a 5 point rating scale.


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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