Check if you qualify for a business loan in 30 seconds

Take control of your future with finance from the UK's number 1 platform for small business loans. Now also offering Recovery loans.

  • Apply online in 10 minutes
  • Decision in as little as 1 hour
  • Borrow £10,000 to £500,000
  • Rates from 4.3% - 12.1% p.a.
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British Business Bank

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). .

Build the future your way with an affordable business loan

A Funding Circle small business loan can be much more affordable than a business overdraft or credit card. You’ll get fixed monthly repayments so you can plan with confidence and there’s no fee if you want to pay off your loan early in one go.

Our simple loan application process means you can stay focused on running your business, and you can speak to our team of UK-based Account Managers if you need any assistance.


Small business loans can help to:
  • Boost your cash flow
  • Pay business expenses
  • Help with payroll
  • Manage uncertainty
  • Grow your business
  • Cover revenue gaps

100,000 businesses have financed their goals by borrowing £11.5 billion through Funding Circle.

£11.5 billion
Lent to businesses

Edward and Michael from Bramley & Gage used their small business loan to boost production with the purchase of a new gin still. Read more.

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.

  1. Check if you qualify in 30 seconds

    See if you’re eligible without affecting your credit score.

  2. Apply online in 10 minutes

    Tell us about you and your business with our simple application.

  3. Get your decision

    If approved, you’ll receive a no-obligation, personalised quote.

  4. Your loan is funded

    Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Apply now

Here to help if you need us

Our UK-based team are here to help throughout your loan.

0800 048 2467

Need help? Call us.


Brilliant service and every step is made to be as easy and straight forward as possible.
Mel, March 2021
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What is a business loan?

A business loan is money lent to a business that is specifically intended for business purposes that must be repaid over a period of time with added interest.

What’s the difference between a business loan and a personal loan?

A business loan is intended for business use only such as buying stock or upgrading equipment, whereas a personal loan is intended for personal use, such as financing a car or making home improvements.

Types of business loans

Business loans can take different forms and provide specific needs for specific types of businesses and business needs. Types of business loans include:

How do business loans work?

A business loan works by lending a lump sum of money from a business loans provider, such as a loans platform or a bank, to a business.

This money is then used for business purposes to help grow the business or to support the business financially. The business then repays the loan with added interest over an agreed period, and this agreement is known as loan terms.

Business loans can be short term (durations of up to 24 months), or long term (durations of 3 years or longer). Secured business loans require you to put up collateral, which the lender will take possession of should you fail to meet repayments. Unsecured business loans do not require collateral and are easier to obtain. However, unsecured loans may come with higher interest rates.

At Funding Circle you can get a business loan without having to use business assets as security. We also provide fixed interest rates which means your monthly repayments will always stay the same to help simplify your business finances.

How to qualify for a small business loan?

Qualifying for a small business loan depends on your situation and we take a number of factors into account. Unfortunately, you won’t qualify for a Funding Circle loan if you have been trading for less than two years.

To find out if you qualify, apply for a business loan here.

Check your eligibility in 30 seconds with our online form without affecting your credit score.

How to get a business loan?

We want to help as many businesses as we can get access to finance, and approve thousands of loans every year. You can get a business loan through Funding Circle online using our straightforward business loan application.

Simply fill in your business details in our 10-minute form, select how much you want to borrow, choose your loan term, and we will get back to you with a decision in as little as 5 hours.

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.

Check if you are eligible for a business loan

After you have completed our online form, you’ll need to send a few documents to finish your application. We may require:

Business bank statements for up to the last eight months

They must show:
  • The Account name and (where possible) the registered address. These must match the business you create the loan application for.
  • The sort code and account number.
  • All daily transactions.

Latest full unabbreviated accounts

This must include:
  • Profit and loss
  • Detailed profit and loss
  • Balance sheet information

If you have been refused a business loan in the past there are a few steps you can consider before you apply for another loan:

  • Review your financials
  • Improve your credit score
  • Address any outstanding debts

Once you’ve taken these steps you will be in a better position to reapply for a small business loan again.

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 Recovery loans of up to £250,000. A personal guarantee will be required on Recovery loans of over £250,000 and Funding Circle business loans of any amount.

We want to help as many businesses as we can get access to finance, and approve thousands of loans every year. To make it easier for business owners, we’ve made applying for a small business loan fast and hassle-free. You can apply for business lending online.

You can get a business loan through Funding Circle online using our straightforward business loan application.

Simply fill in your business details, explain how much you want to borrow, choose your loan term, and we will get back to you with a decision in as soon as possible.

You’ll get a decision on your small business loan in as little as 5 hours.

Esther from Cambridge Rapid took a Funding Circle loan to support training initiatives and boost working capital. Read more.

How much will a business loan cost?

The amount your loan will cost will depend on the amount of money you want to borrow, your interest rate and your loan term. We charge a one-off completion fee when you take out your loan, and your interest rate will be calculated based on a number of factors, including your credit score and financials.

There’s no fee if you want to settle the loan early. All our loans are fixed rate, so you’ll know exactly how much you’ll need to repay each month and what the cost of borrowing is.

At Funding Circle you can get a small business of £10k - £500k

With interest rates from 4.3% to 12.1% APR per year, a Funding Circle small business loan can be much more affordable than a business overdraft or a business credit card. You can also take an unsecured loan without putting down property or assets as a security, and there’s no fee if you want to pay off your loan early in one go.

“Loan terms” refer to the agreed details involved when borrowing money such as repayment period and loan interest rates.

With a business loan from Funding Circle you can borrow over 2 to 6 years, with interest rates from 4.3% to 12.1% APR depending on the loan amount.

Your monthly payments will start one month after Funding Circle funds your loan.

To make sure your payment is processed in time for the repayment date on your contract, we will take the direct debit payment up to 5 days before it is due.

For example, if we fund your loan on June 6, then we will take your first payment on July 1 and each subsequent payment will be taken on the 1st of that month.

Yes, you’re able to settle your loan early at any time and there are no fees for full early repayment.

If you are worried about your upcoming repayment(s), it is important that you contact us on 0203 966 1191 as soon as possible to discuss your options.

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.

A Funding Circle small business loan can be much more affordable than a business overdraft or credit card.

Related resources

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

Resource centre

Find guides, tips and more in our dedicated resource centre for small business owners.

Learn more

Business loans

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 Scheme

Learn more

Secured or unsecured loans

Understand the difference between the two and find the right option for your business.

Learn more

We’re here to help

Contact our team if you have any questions.

0800 048 2467

Need help? Call us.