- Apply online in 10 minutes
- Decision in as little as 1 hour
- Borrow £10,000 to £500,000
- Rates from 2.9% - 12.1% p.a.
Funding Circle is accredited by the Government-owned British Business Bank to provide business loans of £25,001 to £350,000 under the Recovery Loan Scheme (RLS). .
Affordable small business finance
Simple, affordable, business finance for small businesses. Get extra working capital, manage disruption, or expand your business with business finance from £10,000 to £500,000.
We don’t require business plans or complicated forecasts, so applying is simple and takes just 10 minutes.
Popular reasons to get business finance:
- Improve cash flow
- Manage uncertainty
- Refinance existing debt
- Invest in equipment
- Launch a new product line
- Fund marketing campaigns
How to apply for a business loan
It’s quick and easy to apply for small business finance online and our support team are on hand if you have any questions.
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score.
Apply online in 10 minutes
Tell us about you and your business with our simple application.
Get your decision
If approved, you’ll receive a no-obligation, personalised quote.
Your loan is funded
Once you accept, we run some final checks to process your loan and deposit the money straight into your account.
Here to help if you need us
Our UK-based team are here to help throughout your loan.
Frequently asked questions
Business finance usually refers to a business accessing funds through a loan or other type of credit to support business needs, such as increasing working capital or buying an asset.
- Simple and fast application
- Affordable rates
- No fees for early repayment
You can get small business finance between £10,000 to £500,000. If you need to borrow more, we may be able to introduce you to some of our partners who can offer larger loans.
There are many types of business finance which can support different types of business or work in a variety of ways. Some types of business finance include:
- Working Capital
- Asset Finance
- Invoice Financing
- Equity Financing
- Equipment Financing
You can get small business finance through Funding Circle with an interest rate between 2.9%-12.1% per year.
If you’re approved for a loan, we’ll let you know whether we can offer you a Funding Circle business loan or a loan under the Government’s Recovery Loan Scheme (RLS). Personal guarantees are not required on loans up to £250,000 on the Recovery Loan Scheme (RLS). A personal guarantee will be required on RLS loans of over £250,000 and Funding Circle business loans of any amount.
You’ll get a decision on your small business finance as soon as possible.
To be eligible to apply for a loan with us, you need to:
- Have a minimum of 2 years’ trading history
- Be a limited company or limited liability partnership (LLP)
To receive a loan through the Government’s Recovery Loan Scheme (RLS), you’ll also need to meet the scheme’s criteria:
- Business has been impacted by coronavirus
- Business is trading in the UK
- Loan is for business purposes (ie. working capital or investment, and to support trading in the UK)
To help as many businesses as possible, we’ll look at how your business has performed over a longer period of time. So, even if you’ve been negatively impacted by the pandemic, you could still be approved for a loan.
The Recovery Loan Scheme (RLS) aims to improve the terms on offer to businesses. If we can offer you a Funding Circle business loan for the same amount on similar or better terms without requiring the guarantee provided by the scheme, we will do so. It's important to note that if you are approved for a Recovery loan, the business is required to pay interest and fees from the outset.
The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit the British Business Bank website.
Learn more about your options for small business loans
Business loan calculator
Find out how much a loan could cost with our business loan calculator.Learn more
Find guides, tips and more in our dedicated resource centre for small business owners.Learn more
Learn what you can borrow for, how to apply and how we’ll help you with a quick decision.Learn more
How it works
See how our business loans work and how we can help you go further.Learn more
Recovery Loan Scheme
Apply for the Government's Recovery Loan SchemeLearn more
Secured or unsecured loans
Understand the difference between the two and find the right option for your business.Learn more