5 reasons why accountancies love working with Funding Circle

When your client asks you for a referral for business finance, you want to ensure you’re getting them the best deal possible. You don’t want to refer them based on the commission alone — it’s about the service, the experience and the rates. So, with that in mind, here we look at 5 reasons why our network of accountants and Introducers have used us to provide £4 billion in finance to their clients.

1.) Dedicated Relationship Managers

We know that when you’re trying to help a client access the finance they need, it’s nice to have someone you can discuss their application with. That’s why we offer a dedicated Relationship Manager to every accountancy partner we work with. Your Relationship Manager will be on hand to understand the needs of your client’s business and how we can help, guiding you through the process from start to finish and making sure your client gets the best deal.

In addition, as an accountancy partner, you’ll be able to offer your clients exclusive benefits, or receive a commission for every client you refer. They’ll also receive a dedicated Account Manager, who will field any questions they have and provide support at every stage of the process.

2.) Simple application process

A fast, efficient application process is paramount when recommending a finance provider to your client. It’s why we’ve invested in cutting-edge technology to make applying with us simple, hassle-free and complete in just 10 minutes.

There are no business plans or financial forecasts required to apply, and we won’t ever ask your clients to provide documentation we don’t need. We aim to use publicly available sources such as Companies House, or new technologies such as Open Banking, where possible, which means many businesses won’t need to provide any documents to apply with us.

3.) Quick decision and funding times

To help your clients get the funding they need to take their business further, we use market-leading technology to enable businesses to get a decision in as little as 5 hours. If they accept their offer with us, they’ll receive the funds in their account typically the following day.

4.) Flexible loans

So that we can help as many businesses as possible, we can offer both Government-backed loans and Funding Circle loans to your clients. By filling out one simple application, we’re able to find the right loan to suit your client’s business, on the best possible terms.

There are also no fees for full early repayment on any of our loans, so if your client wants to settle early, there’s no penalty for doing so.

If we can’t help your clients directly, we can also explore options with over 20 trusted partners through our marketplace offering, ensuring your clients can access the finance they need.

5.) Competitive interest rates

As an accountancy, one of your other concerns when looking for a finance provider to recommend to your client is the interest rates they offer. The interest rate on a business loan is really important to make sure your client can afford to borrow the right amount to fund their ambitions. 

To give businesses fair and affordable finance at a rate that’s right for them, our interest rates start from as low as 2.9% per year on our Funding Circle business loans, and from 9.1% on our Government-backed loans. All of our business loans are fixed rate as well, so your client will always know what to expect and how much their monthly repayments will be.

If you’d like to learn more about how to become a Funding Circle accountancy partner, visit www.fundingcircle.com/uk/accountants.