Funding Circle
Funding Circle is the largest online provider of small business loans, offering loans between $25,000 and $500,000 with quick funding and no pre-payment fees. Listed on the London Stock Exchange, it has funded over 143,000 loans and helped more than 135,000 small businesses access over $20.2 billion in finance.
Services
Funding Circle offers business loans ranging from $25,000 to $500,000 with an application process that can provide funding in as fast as 2 business days. Their lending options include features such as no pre-payment fees and a Business Line of Credit with flexible financing solutions. To qualify for a loan, businesses need to be in operation for a minimum of 2 years, have an annual revenue of at least $50,000, and possess a FICO score of 660 or higher. Additionally, Funding Circle offers a Lending as a Service (LaaS) solution for financial institutions aiming to support SMBs, and a Partner Program and Affiliate Program to facilitate seamless integration and revenue opportunities for partners.
History
Funding Circle has funded more than 143,000 loans and helped over 135,000 small businesses access more than $20.2 billion in finance. Their commitment to building a more inclusive financial environment is demonstrated by their achievements in the financial technology sector, particularly in small business lending. Funding Circle is recognized as the largest online small business loans provider, and they are publicly listed on the London Stock Exchange under the ticker FCH. Their backers manage a combined total of over $5 trillion, reflecting robust financial support and trust.
Leadership
Funding Circle is managed by a global leadership team with extensive experience from leading companies in the financial services sector. Their expertise helps steer the company towards achieving its mission of providing accessible financial services to small businesses.
Reputation
Funding Circle enjoys high customer satisfaction, with over 90% of US borrowers indicating they would refer Funding Circle to a friend. Notably, US borrowers who secured loans from Funding Circle experienced significant business growth, averaging over 24%. This has further cemented Funding Circle's reputation as a reliable partner for small business financing.
Locations
Funding Circle maintains offices in San Francisco, Denver, and London, reflecting its strong presence and operational reach across key financial hubs in the United States and the United Kingdom.