Funding Circle is an online peer-to-peer lending marketplace founded in 2010 in San Francisco, California. The company has assisted over 15,000 businesses globally with more than $2 billion in small business loans. The company offers small business loans up to $500,000 with fast approval times and funding within ten days. The main complaints from customers involve too many emails received by the company.
Typical Funding Circle Borrowers
Typical borrowers through Funding Circle have been in business for at least three years and have good to excellent credit histories. Small business owners also should not have any bankruptcies on record within the last seven years. Borrowers must be able to provide both personal and business collateral and show proof of consistent income. Startup companies and business owners with bad credit will want to consider alternative lending options.
Small business loans from Funding Circle are typically used for inventory purchases, location expansion, debt refinancing, and payroll.
- Two Years in Business
- Personal and Business Collateral Required
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