Last Updated: 06/21/2025
SuperMoney User Recommendation Score +80
Strongly recommended15 total votes
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Highlights
Community Rating
Strongly recommended
Amount Range
$25,000 - $500,000
APR (Fixed APR)
4.99% - 38%(Verified 06/21/2024)
Disclaimer popup with additional information
Loan Term (Months)
6 - 84
Number of Reviews
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 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.
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. 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
- Bank account information
- Business formation documents
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
What is the estimated funding time for a business loan via Funding circle?
Funding circle can fund small business loans within 2 business days.
Does Funding Circle Business Loans report your account activity to credit bureaus?
Yes, Funding Circle Business Loans reports to the following credit bureau:
- 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 build your credit.
Does Funding Circle perform a hard credit pull?
Yes, Funding circle performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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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
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
Accounts Receivable Financing
Rating not yet determined (1 Review)
Business Lines of Credit
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Merchant Cash Advance
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Marketplace Investing
Rating not yet determined (3 Reviews)
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +80, or 4.6 on a 5-point rating scale.
+80
-1000+100
No one recommends
Everyone recommends
Funding Circle Business Loans Community Reviews
Would you recommend Funding Circle Business Loans to your friends?
Free L.
Nov 14, 2022
May or may not recommend
Overall very impressed with the service.The process was straight forward and the account manager assigned to us was very approachable and easy to communicate with.
RO
Ronke O.
Dec 10, 2020
May or may not recommend
I will recommend Funding Circle Business Loans because it has saved my family from trouble on several occasions. My brother's business would have crashed if not for the ease of getting a business loan from. The repayment period is also far enough to help you gather enough strength before paying back. Highly recommended.
MP
Matt P.
Dec 1, 2020
May or may not recommend
Funding Circle Business Loans is possibly one of the easiest companies of the year to work with as an application for a loan online takes just 6 minutes and decisions can be made within 24 hours of Funding Circle Business Loans receiving the loan application. You will be contacted by one of Funding Circle Business Loans dedicated account mangers whos job is to personalie the loan completely to the consumer. ...Show More
GI
Garbriele I.
Nov 25, 2020
May or may not recommend
Funding Circle is a brilliant idea, a peer to peer lending service between individual independent investors and small businesses or companies, with Funding Circle, members of the public can make direct loans to a small business in the form of an investment made in the small business, this makes it perfect for those who wish to invest with very little hassle, however, there is concern over the unregulated crowdfunding nature ...Show More
GR
Gaby R.
Nov 11, 2020
May or may not recommend
I had an idea for a business and did not have any of the capital necessary to fund my dream. Funding Circle made it super easy! I also thought that if I needed to apply for a business loan I would need to do it in person in a stuffy office building. However, I was able to do it online and the website was really easy to use! I really ...Show More
RS
Rebecca S.
Oct 24, 2020
May or may not recommend
2020 is a year that has been touch on just about everyone I know, especially those with small businesses. When our business had to close down during the first COVID lockdown period, we needed a loan to keep things afloat. Funding Circle helped saved my business and all the customer service representatives are super friendly and knowledgeable. Thank you, Funding Circle!
U
Anonymous
Mar 18, 2016
May or may not recommend
The application was processed and completed within a week even though I submitted some of the required paperwork incorrectly. I was kept fully informed all through the process by my account manager. All in all a superb service which has enabled us to proceed faster than expected with our plans.
U
Anonymous
Mar 7, 2015
May or may not recommend
I recently took over a call center from a family friend, and my business is customer service. Because of this, I place an enormous value in the customer service I receive from the people and companies I do business with. Yes, the interest rates are higher than I've seen other places, but I can easily overlook this. The people you work with at Funding Circle seem to have customer service ...Show More
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Anonymous
Mar 7, 2015
May or may not recommend
Funding Circle's interest rates are ridiculous! I need a loan for my small business in order to expand with more employees, but this is crazy. I was approved for a loan through them with 18% interest! After delving a little deeper into Funding Circle's practices, I'd found that up to 20% interest was the norm for them. My business and credit are in good standing, and I refuse to pay ...Show More
U
Anonymous
Mar 6, 2015
May or may not recommend
I've struggled in the past obtaining a loan for my small business. I've gone to other lending companies - direct lenders and peer to peer lenders - and have had issues with most of them. If a company states they cater to small businesses, why do they make it so difficult for the owner to take out a loan? For the first time, Funding Circle provided a comprehensive and thorough ...Show More
U
Anonymous
Mar 6, 2015
May or may not recommend
I've gotten tons of loans through banking institutions in the past, but nothing has ever compared to Funding Circle. They really provide a customized loan for small businesses, and focus on which lender would work best for you. I was able to be connected with a lender who really offered the type of loan I needed. I was able to control my interest rates, length of payments, and various other ...Show More
U
Anonymous
Mar 6, 2015
May or may not recommend
I've never experienced such amazing customer service from a small business lender. The manager assigned to my account was awesome, and she was so extremely helpful through the entire process. I'd had bad experiences with other lenders, so when I came to Funding Circle, I was extremely cautious. My account manager understood and really "held my hand" throughout the entire process. The experience was great.
U
Anonymous
Mar 3, 2015
May or may not recommend
The online application was great! The website is so easy to use, and the application is easier. It guides you throughout the process, so you never feel lost. Taking out a loan for your business can be a painful process, but Funding Circle made it really easy. It was very upfront and straightforward, and I quickly received the funding I needed. The interest rate I received of 7% is fairly ...Show More
U
Anonymous
Mar 3, 2015
May or may not recommend
I've had a pretty good experience with Funding Circle so far. Compared to other lenders I've used, the responses to questions I've asked have been quick and thorough. It's great to have people actually there to address your concerns, instead of dealing with them. The customer service here is great, and I haven't run into any issues so far. The interest on my loan is pretty reasonable, in my opinion, ...Show More
U
Anonymous
Feb 24, 2015
May or may not recommend
Now that I've successfully gotten a loan with Funding Circle for my custom window coverings company, I am never going to go back to my bank for money again. They were able to shop around for a loan that fit my needs within minutes! The application process took less time than I'd be waiting for my banker.
Showing 15 of 15 reviews
