Bramley & Gage
GIN DISTILLERY
GLOUCESTERSHIRE
"With their business funding, Edward and Michael from Bramley & Gage were able to boost their production by purchasing a new gin still."
Check if you qualify for a business loan in 30 seconds
Expand, buy new equipment, hire staff or manage cash flow — whatever your business goals, our loans can lend a hand
Apply as a limited company without affecting your credit score
Apply online in 7 minutes
Decision in as little as 1 hour
Borrow £10,000 to £500,000
Rates from 6.9% per year
No fees to settle early
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.
Calculate how affordable a Funding Circle loan can be
Use our calculator to see what your monthly repayments could cost or get your personalised rate
*Amount must be between £10,000 to £500,000
* Calculations are indicative and intended as a guide only. You may be offered different terms. Based on average rate of our lowest risk businesses, and current fees, which may be subject to change.
Monthly repayment *
£17,514
£ 17,564
- Loan amount
- £100,000
- Completion Fee
- £3,000
- Interest
- £2,083
- Total amount repayable
- £105,083
We’ve helped over 103,000 UK businesses borrow £13.6 billion to take their business further.
£13.6 billion
Lent to UK businesses
Get a personalised quote without affecting your credit score
If you’re a limited company or LLP, you can get a loan decision without affecting your credit score. So you can assess your options with complete peace of mind.
1
Check if you qualify in 30 seconds
See if you qualify with no fuss
2
Apply online in 7 minutes
Tell us about you and your business in our online form
3
Get your decision in as little as 1 hour
If approved, you’ll get a personalised, no-obligation quote
4
Funds paid out typically within 48 hours
Once you accept your offer, we’ll deposit the funds into your account
Here to help if you need us
Contact our UK-based team if you have any questions
How do business loans work?
When you get a business loan, your loan provider will lend you a lump sum of money, which you then repay over an agreed period with added interest. The money must be used for business purposes, such as marketing, equipment or growth.
Am I eligible for a business loan?
To be eligible to apply for a loan with us, you need to:
- Have been trading for 1 year or more
- Be based in the UK
A business loan is intended for business use only such as buying stock or upgrading equipment, whereas a personal loan is intended for personal use, such as financing a car or making home improvements.
Business loans can take different forms and provide specific needs for specific types of businesses and business needs. Types of business loans include:
If you have been refused a business loan in the past there are a few steps you can consider before you apply for another loan:
- Review your financials
- Improve your credit score
- Address any outstanding debts
Once you’ve taken these steps you may be in a better position to reapply for a small business loan again.
We want to help as many businesses as we can get access to finance, and approve thousands of loans every year. To make it easier for business owners, we’ve made applying for a small business loan fast and hassle-free. You can apply for business lending online.
Bobbin Bicycles
BICYCLE COMPANY
LONDON
"Tom at Bobbin Bicycles used his business loan to sell directly to customers via their website, cutting out the distributors he’d previously relied on."
How much will a business loan cost?
The amount your loan will cost will depend on the amount of money you want to borrow, your interest rate and your loan term. We charge a one-off completion fee when you take out your loan, and your interest rate will be calculated based on a number of factors, including your credit score and finances.
There’s no fee if you want to settle the loan early. All our loans are fixed rate, so you’ll know exactly how much you’ll need to repay each month and what the cost of borrowing is.
If you’d like a breakdown of how much your loan could cost, check out our business loan calculator here.
How much can I borrow?
At Funding Circle, you can apply for a small business loan of £10,000 to £500,000.
With interest rates starting from 6.9% per year, a Funding Circle small business loan can be much more affordable than a business overdraft or a business credit card. You can also take an unsecured loan without putting down property or assets as a security, and there’s no fee if you want to pay off your loan early in one go.
Terms are available from 6 months to 6 years. There’s also no fees for full early repayment, so you can settle early at no extra cost.
If you’re approved for a Funding Circle business loan, a personal guarantee will be required.
After you have completed our online form, you’ll need to send a few documents to finish your application. We may require:
Business bank statements for up to the last eight months
They must show:
- The Account name and (where possible) the registered address. These must match the business you create the loan application for.
- The sort code and account number.
- All daily transactions.
Latest full unabbreviated accounts
This must include:
- Profit and loss
- Detailed profit and loss
- Balance sheet information
Your monthly payments will start one month after Funding Circle funds your loan.
To make sure your payment is processed in time for the repayment date on your contract, we will take the direct debit payment up to 5 days before it is due.
For example, if we fund your loan on June 6, then we will take your first payment on July 1 and each subsequent payment will be taken on the 1st of that month.
Yes, you’re able to settle your loan early at any time and there are no fees for full early repayment.
Is a business loan right for me?
Before considering a small business loan, you should take some time to work out whether a loan is your best option. Business loans can be used to refinance existing debt, or support your business through times of financial hardship.
You should never take out a business loan if you’re worried about whether you can meet the repayments.
A business loan could be right for you if:
- You're buying assets that will add long-term value to your business
- You require additional funds to grow or expand your business
- You wish to improve your business credit score
- You need help managing your cash flow
A business loan may not be right for you if:
- You cannot find a loan of the correct amount with suitable terms
- You are not certain you can afford repayments
- You have recently been refused a business loan
- You have used up all existing lines of credit
Improving your credit score can better your chances of getting a business loan. You can find some advice on how to boost your score here.
Qualifying for a small business loan depends on your situation and we take a number of factors into account. Unfortunately, you won’t qualify for a Funding Circle loan if you have been trading for less than one year.
To find out if you qualify, apply for a business loan here apply for a business loan here.
You’ll get a decision on your small business loan in as little as 1 hour.
“Loan terms” refer to the agreed details involved when borrowing money such as repayment period and loan interest rates.
With a business loan from Funding Circle you can borrow over 6 months to 6 years, with interest rates starting from 6.9% per year.
If you are worried about your upcoming repayment(s), it is important that you contact us on 0203 966 1191 as soon as possible to discuss your options.