Finch House
Cafe and bakery
Kent
"Daron at Finch House took business finance of £125,000 to fit out a new shop with equipment and furniture."
Business finance to help you thrive
From business credit cards to loans and asset finance, go further with our fast, flexible business finance
Short & long term finance
Apply online in 7 minutes
Get a quick decision
UK-based support team
SME finance specialists
Funding Circle has worked with the British Business Bank since 2013, supporting thousands of businesses as one of the largest providers of Government-backed loans including through the Growth Guarantee Scheme.
Backing you to succeed with a range of business finance options
Since 2010, we’ve focused solely on supporting small and medium sized businesses to get the finance they need to achieve their goals, whether they’re big or small. All our products our tailored to your needs, and you could benefit from:
Popular reasons to get business finance
- Improve cash flow
- Launch a new product line
- Invest in equipment
- Refinance existing debt
- Manage uncertainty
- Fund marketing campaigns
Our products
Business Loans
Fast, affordable loans
for almost any business need
Amount
£10,000 to £750,000
Product
Term loan up to 6 years
Interest
From 6.9% per year
Fees
One-off completion fee
Cashback business credit card
2% cashback, up to £2,000, for 6 months
and uncapped 1% cashback after that
Amount
£1,000 to £250,000
Product
Business credit card
Interest
From 14.9% per year
Fees
No monthly fee
FlexiPay Business Credit Card
Pay in 1, 3, 6, 9, or 12 months
and manage short term cash flow
Amount
£1,000 to £250,000
Product
Revolving credit facility
Interest
0%
Fees
From 1.5% per transaction for a 1 month term
Government-backed loans
Government-backed loans
for growth, working capital and more
Amount
£25,001 to £250,000
Product
Term loan up to 6 years
Interest
From 13.7% per year
Fees
One-off completion fee
Asset Finance
Fund vehicles, equipment or machinery
through our specialist partners
Amount
£10,000 to £5 million
Product
Secured loan up to 7 years
Interest
Varies by provider
Fees
Varies by provider
Apply for a Business Loan or Growth Guarantee Scheme loan and we'll assess which product is right for you on the best possible terms. If we can offer you a loan without GGS, we will do.
Business finance options – which is right for me?
The right product for you will depend on your individual circumstances and what you want to use the finance for. If you’re unsure which option is best, you can use our Finance Finder service or give us a call on 0800 048 2467 to discuss your needs in more details.
Here are some of the key points to consider:
Do you want a lump sum of working capital?
If you’re looking for a capital injection, or want to kick off a long term project, then a business or Government-backed loan could be what you need. You can borrow large amounts and spread repayments over up to 6 years, making big investments more affordable. Plus, if you recoup the funds from investment early, you can settle the loan whenever you want with no penalty, and only pay interest on the time you borrowed.
Do you want ongoing cash flow?
If you’re looking to fund everyday cash flow needs, then a revolving credit facility like FlexiPay may be more suitable. With FlexiPay, when you make repayments, the credit is available for you to use again, so you can use it regularly without having to apply again.
Are you looking to buy/lease vehicles, equipment or machinery?
If you have a need for a particular asset such as a van or other vehicle, or a piece of equipment or machinery, then asset finance could be a good option. Options such as hire purchase are designed specifically for such cases, and our team can help you structure deals that best suit your needs.
Still not sure? With our Finance Finder Service, our team of experts will listen to your needs, suggest the right products and help you apply
How to apply for business finance
Applying for any of our products is simple and straightforward, and our UK-based team is always on hand to help.
1
Choose your business finance product
Pick whether you want to apply for a business loan, FlexiPay or asset finance.
2
Apply online in 7 minutes
You can apply for any of our products in 7 minutes or less.
3
Receive a quick decision
FlexiPay provides instant decisions. For asset finance, you’ll get a decision in as little as 24-48hrs, and for business loans it’s usually the same day.
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.
Taking out business finance allows you to pay for business needs without using up any existing cash flow reserves, or having to use other forms of raising capital such as selling equity or assets.
At Funding Circle you borrow anything from £1,000 up to £5 million depending on the business finance option you choose.
At Funding Circle we offer a variety of business finance options:
Business loans
Business credit cards
Government-backed loans
Asset finance
The interest rate you’ll be charged depends on the product you apply for, the term you select and your credit history and other business circumstances.
Business loans are available from 6.9% per year while FlexiPay is interest-free – you just pay a one-off fee on each transaction.
Depending on the product you apply for, a personal guarantee may be required.
To be eligible to apply for a business loan you need to:
- Have at least 1 year of trading history
To be eligible to apply for FlexiPay you need to:
- Be a limited company or LLP
- Have at least 1 year of trading history
To be eligible to apply for a Government-backed loan you need to:
- Be a limited company or LLP
- Have at least 2 years of trading history
To be eligible to apply for asset finance you need to:
- Be a limited company or LLP
- Have at least 2 years of trading history
The Growth Guarantee Scheme (GGS) 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 GGS loan, the business is required to pay interest and fees from the outset.
The Growth Guarantee 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.