Funding Circle Review

ByMichael GrawFeb. 10, 2021
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In a Nutshell

Funding Circle offers a range of business loans, including SBA loans, term loans, merchant cash advances, business lines of credit, invoice factoring, and working capital loans. During COVID-19, Funding Circle is also offering PPP loans. This lender has interest rates to meet many borrowers needs and you can receive funds as soon as the next business day.


  • Variety of funding options
  • Low interest rates
  • Get funds as soon as the next business day


  • Must be in business for at least 2 years
  • Requires business lien and personal guarantee

Funding Circle at a Glance 

Direct lender or marketplace Direct lender
Loan types SBA loans, PPP loans, term loans, merchant cash advances, business lines of credit, and more
Loan amount $5,000 - $500,000
Repayment terms 3 months - 10 years
APR 8.75% - 27.79%
Suitable for Established business with strong credit

Funding Circle Funding Circle View Rates


Funding Circle was founded in 2010 and has lent $12 billion to more than 90,000 small businesses. The company offers a variety of funding solutions, from SBA and term loans to lines of credit and cash advances. Interest rates at Funding Circle are competitive and the company can deliver funds as soon as the business day after you apply.

Why Funding Circle Is Good For Your Business

Funding Circle offers low interest rates and a variety of funding options. You also have flexibility in choosing how much to borrow, and there’s no prepayment penalty if you pay off your loan early.

Loan Features

Funding Circle offers several different options for bringing cash into your business. You can take out an SBA loan or term loan, which have fixed interest rates and terms for up to 10 years. You can also get a business line of credit for up to $250,000 with low interest rates. Funding Circle also offers merchant cash advances and invoice factoring, which enable you to borrow cash based on your not-yet-paid invoices.

Funding Circle is currently offering loans through the Paycheck Protection Program in addition to SBA loans. These loans don’t require a personal guarantee or business lien and they are forgivable if used for expenses like payroll, rent, or personal protective equipment.

  • Competitive interest rates
  • Loans with terms up to 10 years
  • No prepayment penalty
  • Get money as soon as the next business day

Application Process

Funding Circle offers an online application that can be completed in as little as 6 minutes. You’ll need to enter basic information about your business finances, your personal credit history, and what kind of funding you’re looking for. To qualify, you must have at least 2 years in business and a personal credit score of at least 660.

After you apply online, an account manager will contact you to review your funding options. If you accept an offer, you can connect Plaid to your business bank account to expedite the approval process and submit your supporting documents online. Funding Circle offers approval in as little as 24 hours and funds as soon as the next business day.

How Much Can You Borrow? 

How much you can borrow depends on what type of funding you choose. You can borrow between $25,000 and $500,000 with an SBA loan, $5,000 to $500,000 with a term loan, and $25,100 to $400,000 with a working capital loan. You can get a business line of credit to borrow between $6,000 and $250,000, or a merchant cash advance for between $5,000 and $400,000.

  • Minimum 660 credit score
  • Minimum 2 years in business
  • No minimum revenue required

Repayment Terms

Loan terms also vary by funding type. SBA and term loans are available for up to 10 years, with interest rates starting at 8.75% for SBA loans and 12.18% for term loans. Business lines of credit are available with interest rates as low as 4.8%, plus a draw fee of 1.6% to 2.5%. Merchant cash advances have an expected duration of 3 to 18 months and factor rates as low as 1.15%.

Privacy and Security 

Funding Circle uses bank-level encryption to protect your financial information. The online application is secured with SSL and Plaid is used to connect securely to your bank account.

Help & Support

Funding Circle offers customer support by phone and email during weekday business hours (PT).

Phone: 1-(855) 385-5356


Physical Address

85 2nd Street, Suite 400,

 San Francisco, CA, USA 94105

Funding Circle Funding Circle View Rates


Funding Circle caters to a variety of businesses with its range of funding options. The lender makes the application process simple and can get funds in your account by the next business day after you apply. This lender also offers low interest rates and flexible funding terms and doesn’t charge prepayment penalties.

Funding Circle customer testimonials

ExcellentReviews 9,614
TrustPilot is the world’s most powerful review platform, free and open to all.
  • author
    Kyla Josie Blattberg
    6 hours ago
    This was a seamless

    This was a seamless, fast, efficient transaction!


  • author
    6 hours ago
    Excellent service.

    Excellent service. My third finance from Funding Circle. From start to finish, no hassle whatsoever. Completed in less than 4 working days. Highly recommended as always.


  • author
    Luis Gonzalez
    6 hours ago
    Just awesome!!

    Just awesome!!


  • author
    Juanita Lewis
    7 hours ago
    Bad experience!

    Getting a loan from "Funding Circle Financial Services" is easy, but their interest rate is too high and their tactic for collecting payment is very cruel. They almost gave me a heart attack. I later decided to take a loan somewhere else and used it to pay off the loan I took from them. Ever since I took a loan from another company, my mind is at rest. Low interest and good customer service. I highly recommend this company. jkpfinancesllc . com


  • author
    stuart gibbs
    8 hours ago
    I found everyone at every stage of our…

    I found everyone at every stage of our application to be extremely helpful and friendly whilst still remaining professional. Very satisfied thank you Stuart Gibbs


Funding Circle