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!
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!
|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.|
|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.
|Credit Needed||Good credit score (for some loans, the minimum score is 650 FICO score).|
|Terms||Bussines term loan: From 6 months to 7 years;|
SBA loans: Up to 10 years.
|Origination Fee||There may be some origination fees depending on the loan.|
|Late Fee||The late fees will depend on the loan terms, loan amount, and the amount that is late.|
|Early Payoff Penalty||There 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.
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Funding Circle Business Loans benefits
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!
- 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.
- 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.
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.
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
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