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Funding circle loans

Funding Circle is a private investor group who offer loans to Business that are for profit; have been trading for at least two years and have a turnover of at least £100,000. The Government has also been an investor pledging £60 million.

Loan of between £5000- and £1m are available and if application accepted, individual investors assess the application and choose whether they would like to invest (more than 69,000 people are currently registered to lend to business through Funding Circle). Process aims to be simpler/quicker than applying for a traditional business loan from a bank. The interest rates businesses pay will depend on a range of factors such as risk/business case. Average interest rates are between 7.1% and 9.4%.

Further information and to apply