Loans (US)

Funding Circle Business Loans review: find the loan you need!

Are you looking for a loan to help your business grow? If so, read our Funding Circle Business Loans review to understand how this lender works!

Funding Circle Business Loans: hassle-free loans for your business!

Funding Circle has the perfect solution for funding your small business. Source: The Mister Finance.
Funding Circle has the perfect solution for funding your small business. Source: The Mister Finance.

Looking for a hassle-free business loan? Look no further than Funding Circle! Their loans are quick and easy to obtain, with no paperwork or red tape. Read our Funding Circle Business Loans review to learn more!

Funding Circle Business Loans

How to apply for the Funding Circle Business Loans

Do you need money to grow your business? If so, read on to learn how to apply for Funding Circle Business Loans!

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%).

*Terms apply.
Loan PurposeBusiness term loans, SBA loans, lines of credit, and more.
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.

*Terms apply.
Credit NeededGood credit score (for some loans, the minimum score is 650 FICO score).
TermsBussines term loan: From 6 months to 7 years;

SBA loans: Up to 10 years.
Origination FeeThere may be some origination fees depending on the loan.
Late FeeThe late fees will depend on the loan terms, loan amount, and the amount that is late.
Early Payoff PenaltyThere are no prepayment penalty fees.

Plus, there are no penalties for early repayment with this lender. So if you’re looking for a fast, easy way to get the money your business needs, Funding Circle is the perfect solution.

You can also find different types of loans and lines of credit for your business according to your needs. So, keep reading our Funding Circle Business Loans review to see if this is the right lender for you!

How do the Funding Circle Business Loans work?

With Funding Circle, you can get many different types of loans for your company. For example, there are business term loans, SBA loans, and more. There are even business lines of credit to help you!

Moreover, you’ll find that it can be easy to apply and get your funds in as little as 48 hours after you’re officially approved.

Funding Circle Business Loans benefits

Some extra money can give the boost your company needs. Source: Freepik.
Some extra money can give the boost your company needs. Source: Freepik.

As you can see, Funding Circle offers incredible benefits for those who have a small business and need money to help it grow.

Also, you can even get better perks if you have a higher credit score depending on your company’s business type. Plus, you’ll be able to get up to $500,000, depending on your finances!

Pros

  • Find various loan options for your small business;
  • Get high loan terms with fair rates;
  • Chance of borrowing $500,000 or more for certain loan types;
  • There are no prepayment penalties.

Cons

  • You’ll need a higher credit score to be able to qualify for most of the loan options;
  • Some requirements may be hard to meet to get some of the loans.

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How good does your credit score need to be?

You’ll need a credit score ranging from good to excellent to qualify for most loan types offered by Funding Circle.

How to apply for Funding Circle Business Loans?

You can apply online for a loan with Funding Circle. All you’ll need to do is see if you meet the requirements to have a chance of qualifying.

Funding Circle Business Loans

How to apply for the Funding Circle Business Loans

Do you need money to grow your business? If so, read on to learn how to apply for Funding Circle Business Loans!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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