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The ranking on this site is determined by Top Business Lenders at its sole discretion, based upon, inter alia, accessibility of the various sites, scope of the services offered and other factors. The ranking should NOT be relied upon for accuracy purposes. To provide you this service free of charge, we embed links to the provider sites that assign us referral commissions. We guarantee that this arrangement does not cause any bias to the offers we display, although it may impact the ranking structure. Terms of Use

Funding Circle Review 2019

Established 2010

Address San Francisco, CA

rank Score 4.1

4.1
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Loan Period

1-5 years

Loan Range

$25,000-$500,000

Pros

  • Low rates
  • No prepayment penalty
  • Wide loan range

Cons

  • Collateral required
  • Not for new businesses
  • Good credit score required

Bottom Line

Funding Circle is ideal for established businesses with good credit that require fast, easy funding

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Who are Funding Circle?

Funding Circle is a global peer-to-peer lending marketplace, allowing investors to connect directly to small-to-medium businesses. Funding Circle has helped thousands of small business globally, with over $7 billion invested.

What We Like Best

  • Low rates
  • Solid global reputation
  • Peer-to-peer lending
  • No prepayment penalties

Loan Features

  • Type of Loan: Secured Small Business Loan
  • Loan Amount: $25,000-$500,000
  • Term of Loan: 1-5 years

Requirements for Loan

  • Personal credit score of 620+
  • Business at least 2 years
  • Details of business owner
  • 2 years (most recent) of business tax returns
  • 1 year (most recent) of personal tax return
  • 6 months (most recent) of bank statements
  • Business debt information
  • Signed guarantor form for anyone with 20%+ ownership

Application Process

Application for a loan through Funding Circle happens online. You’ll need to answer a few simple questions about your business and submit additional documentation to be considered for approval.

Safety & Security

Funding Circle is an A+ BBB (Better Business Bureau) accredited business and part of the Marketplace Lending Association. The company is committed to customer protection and enforces policies, practices and technologies to ensure full privacy and protection of customer information.

Bottom Line

Funding Circle is ideal for established businesses with good credit that require fast, easy funding.

 

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.