This product is no longer available.
For the current product go to UK Government Backed Loans
Funding Circle has recently been accredited to the British Business Bank’s panel of CBILS lenders. This is welcome news at a time when lenders have seen an incredible demand for CBILS. Introducing the Funding Circle lending platform to the panel will provide more capacity and more choice for businesses needing to secure cash to get them through the coming weeks and months.
We have 8 years experience working with Funding Circle and there is no additional cost for packaging your application.
Don’t forget……..
- Funding Circle loans can sit alongside existing Bank facilities
- We can apply on behalf of businesses where their own Bank has said no
- We can apply on behalf of existing Funding Circle customers
Features of the scheme include:
- No Directors personal guarantees
- Quick decision and process
- Loans from £50k to £250k
- Loan terms up to 5 years
- Fixed interest rates from 1.4% – 8.9% APR
- No arrangement fees, No broker fees
- First 12 months interest paid for by the British Business Bank
- No capital repayment for the first 12 months
- No early settlement fees
Requirements of the scheme include:
- Limited companies only
- Must have been trading for 3 years
- 6 months business bank statements
- Last 2 years full unabbreviated accounts
