How to apply for the Funding Circle Business Loans?
If you're looking for reliable and fast loans for your small business, you can read on to learn how to apply for Funding Circle Business Loans!
by Victória Lourenço
Funding Circle Business Loans application: funding in as little as 48 hours!
Funding Circle is worth checking out if you’re a business owner looking for a hassle-free loan. And you can learn how to apply for Funding Circle Business Loans in this post!
Also, this lender offers loans up to $500,000 with no prepayment penalties, and the application process is quick and easy.
Plus, you can get your money in as little as one business day in some cases. So, if you need some fast cash for your business, look no further than Funding Circle!
Moreover, you can apply online and get a quick response in most cases. So, keep reading to learn how to apply for Funding Circle Business Loans!
Online Application Process
You can easily apply online for Funding Circle Business Loans. All you need to do is fill out an online application form with your information and your business’s information.
However, you should know that you must fit the requirements to qualify for the loan options. And most of them are a bit hard to meet.
For example, to get an SBA loan, you’ll need a minimum annual revenue of at least $400,000.
But after you check if you meet the requirements, you can easily apply and get a fast response about your approval.
Application Process using the app
The Funding Circle mobile app is only currently available for investors. So you’ll need to apply online.
Funding Circle Business Loans vs. Quick Cash Capital
Are you looking for a different lender option for your business than Funding Circle? If so, you can try researching more about Quick Cash Capital.
With this lender, you’ll be able to get capital for your business in as little as on the same day of loan approval. Moreover, there is a fast and easy online application.
So, read our comparison table below to understand more about these lenders!
|Funding Circle Business Loans||Quick Cash Capital|
|APR*||The APR varies according to the borrower’s creditworthiness, loan terms, and loan amount.|
For SBA loans, there is a flat 6% variable interest rate (current prime rate + 2.75%).
|Loan Purpose||Business term loans, SBA loans, lines of credit, and more.||Small Business Finance|
|Loan Amounts*||Bussines term loan: From $25,000 to $500,000;|
SBA loans: From $50,000 to over $500,000;
Business lines of credit: From $5,000 to $250,000.
|$20,000 to $500,000.|
|Credit Needed||Funding Circle Business Loans require a good credit score (for some loans, the minimum score is 650 FICO score).||You can have a chance of applying even with a low score.|
|Terms||Bussines term loan: From 6 months to 7 years;|
SBA loans: Up to 10 years.
|Up to 36 months for small business finance.|
|Origination Fee||There may be some origination fees depending on the loan.||N/A.|
|Late Fee||These fees will depend on the loan terms, loan amount, and the amount that is late.||N/A.|
|Early Payoff Penalty||There are no early payoff penalty fees.||N/A.|
Quick Cash Capital is a good option if you’re looking for a loan. The following content will give you a full review of Quick Cash Capital’s features, pros, and cons.
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