Funding Circle
FeaturedPaidTerm loans for established small businesses with competitive fixed rates
💵Term LoansAbout Funding Circle
Funding Circle is a leading online marketplace lender specializing in term loans from $25,000 to $500,000 for established small businesses. Operating as a peer-to-peer lending platform, Funding Circle connects borrowers directly with institutional and individual investors, which enables more competitive rates than many online lenders. With loan terms up to 7 years and a transparent application process, Funding Circle is ideal for businesses looking for longer-term, lower-cost financing than what most fintech lenders offer.
What's Great
- ✓Loan terms up to 7 years — longer than most online lenders
- ✓Competitive fixed rates for businesses with strong credit profiles
- ✓No prepayment penalty — pay off early and save on interest
- ✓Large loan amounts up to $500,000 suit growing businesses
- ✓Dedicated account managers provide personalized service
Watch Out For
- !Requires at least 2 years in business and $50,000 in annual revenue
- !Minimum credit score of 660 required for most products
- !Application process is more thorough than quick-funding alternatives
- !Origination fees of 3.49%–6.99% added to loan cost
Common Use Cases
Established business looking to expand operations or open a new location
Manufacturer purchasing capital equipment with favorable long-term financing
Business owner refinancing high-cost short-term debt into a longer fixed-rate loan
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Term Loans
Fixed lump-sum loans repaid over a set period, ideal for large one-time investments and expansions.
Tags
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