Compare Business Loans | Funding Circle

Get a business loan that’s faster, more flexible, and made exclusively for small businesses

Every day, thousands of successful business owners struggle to get small business loans to grow their businesses, battling endless streams of paperwork and unreasonable lending terms. We believe small businesses deserve better.

We know firsthand the frustration and anguish that comes with long wait times, pounds of onerous paperwork, confusing terms and conditions, and only an automated voice on the other end of the phone, which is why we decided to create something better. Our small business loans were developed with you in mind. Our small business loans give you predictable monthly payments to help manage the cash flow for your venture.

Faster and easier than a bank business loan

You could wait up to 90 days to get a decision on a business loan from a bank. With Funding Circle, upload a few simple documents and we’ll get you a decision in as little as 24 hours.

No surprise payments down the road

Our business loan interest rates are fixed throughout the life of your loan, so there are no unexpected surprises down the road.

Manageable and budget-friendly business loans

We offer a consistent, predictable monthly repayment schedule so you can borrow and budget with confidence. No expensive surprises ever.

Say goodbye to confusing jargon and sneaky fees

We'll always be upfront about the true cost of your small business loan. You'll know exactly how much your monthly payments will be. And there are absolutely no hidden fees for our business financing – ever.

80%

US borrowers that selected Funding Circle because we offered a better rate, speed, or terms than other business loan options.¹

92%

Borrowers said they would come back to Funding Circle for their future business financing needs for a future business loan.¹

Financing that moves at your speed

The average business owner spends 24 hours applying for a bank small business loan. Our business loan application takes as few as 6 minutes, and you’ll get a decision from us in as little as 24 hours after submitting documents. After accepting the terms of the offer, you’ll get the funds in as quickly as one business day.

Average business loan application submission to funding time in days³

Compare how our small business loans stack up to other financial options for small businesses

	Online Lenders	Funding Circle
Loan size	$2k to $500k	$25k to $500k*
APR	9% to 99%	15.22% to 45.00%
Repayment terms	3 months to 36 months	6 months to 5 years
Approval time	Immediate to days	As little as 24 hours
Repayment schedule	Daily or weekly repayments	Fixed, monthly payments
Fees	Varies and unpredictable	1-time origination fee
Save interest by paying early	No	Yes
Builds business credit	Varies	Yes

	Banks	Funding Circle
Loan size	Usually more than $100k	$25k to $500k*
Average Application Time	24 hours	6 minutes
Decision Time	Weeks to months (and you may be denied)	As little as 24 hours
Funding Time	Days to weeks	1 day after offer is accepted
100% Small Business Focus	No Small part of a bank’s balance sheet	Yes All we do is small business lending
Likelihood of Approval	Reject 4 out of 5 small business owners	We approve a new business every 4 minutes
Underwriting	Stringent and inflexible credit criteria	More than your credit score
Point of Contact	General phone line	Your own personal account manager

	SBA	Funding Circle
Average Application Time	Hours	6 minutes
Decision Time	Weeks to months (and you may be declined)	As little as 24 hours
Loan Process Timeline	60 to 90 days	Within 5 days
Funding Time	Weeks to months	1 day after offer is accepted
Down Payment	10% (for most common SBA loans)	No
Fees	Can include: guarantee, origination, closing, and servicing fees	1-time origination fee

Eligibility

Learn more about the types of businesses that we fund.

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Our Small Business Loans

Our number one priority is helping small business owners grow their ventures. We offer the best small business loans so you can continue to thrive.

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Related small business loan resources

Learn more about your options for small business loans & financing

Small business loans for women

We’re invested in helping women-owned businesses get affordable small business loans from $25K to $500K.

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Minority business loans

Discover business loan options specifically designed for small businesses owned by minorities.

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Consolidating business debt

Learn why it might be worth consolidating your business debt into a single monthly payment.

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Business financing

Learn about different business financing options available for small business owners.

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Business acquisition loans

Browse through different types of acquisition loans and examine the pros and cons of each.

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Small business term loans

Learn about our short and long term business loans with a decision in as little as 24 hours.

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1 Based on an online survey of US Funding Circle borrowers. A total of 216 business owners completed the survey between October 10 – 30, 2017.

3 SBA average funding times from https://www.business.org/finance/loans/sba-express-loan/. Minimum and average times to funding are based on estimates of times required for applicants to prepare and for lenders to underwrite and process loan applications, and will vary for each applicant.

* Funding Circle may partner with other lenders to provide a full range of loan options to qualified borrowers.

Time is money.
Money is money.
We save you both.

Get a business loan that’s faster, more flexible, and made exclusively for small businesses

Fast decision

Low interest rates

Transparent pricing