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Funding Circle

Updated June 14, 2024

Fast and simple, Funding Circle uses one online application to qualify you for a variety of small business loans. The process is simple, the loan programs are affordable, and you can get funding in as little as 48 hours. Funding Circle stands out for its long-term loans with low monthly payments and no capital down.


  • Lengthy repayment terms
  • Monthly instead of weekly payments
  • Fixed Funding Circle rates
  • No penalty for prepayment
  • Excellent reviews

  • One time origination fee
  • Higher credit score requirement
  • Same day funding not available
Funding Circle logo
Best Long-Term SMB Loans

What is Funding Circle?

​​Funding Circle is on a mission to get small businesses the funding they need to win. They offer three types of loans: business term loans, SBA loans, and business line of credit. Merchant cash advances, working capital loans, and invoice factoring loans are available through Funding Circle’s network of lending partners but not directly through Funding Circle.

Funding Circle monthly payment page

Funding Circle calculator helps you estimate your monthly payment. Source: Funding Circle website.

Typically, long-term loans require collateral, go through a longer approval process, and are processed through a traditional bank. Fortunately, Funding Circle bridges this gap and provides long-term loans – up to 84 months without collateral within a two-day approval process.

Funding Circle does require a slightly higher credit score of 660 than its competitors and two years in business to apply. That said, a minimum annual income requirement is not needed. Interest rates are fixed throughout the lifespan of the loan and there is a one time Funding Circle origination fee that ranges between 4.49 percent and 8.49 percent of the loan amount.

Users simply rave about the Funding Circle customer support. Users are impressed with how friendly, responsive, and helpful they are. Many customers say they work with Funding Circle every time because they are so pleasant to work with and truly make the process quick and smooth.

Is Funding Circle legit?

Funding Circle was founded in 2010 to bridge the financing gap and help small businesses have easier access to funding when needed. Since its inception, Funding Circle has helped over 135K small businesses in over 700 industries worldwide get over $20.2B financed.

Funding Circle's FAQs page

Funding Circle does not fund certain types of companies such as non-profits, gambling, and marijuana companies. Source: Funding Circle FAQs.

Start Application Visit Funding Circle’s website.

Funding Circle requirements

Funding Circle loans require at least 24 months in business to qualify.

Time in business:
24 months
Annual Revenue:
Credit Score:
Funding Circle Lender Details
Loan Amounts Time to Funding Repayment Terms
Up to $500k 48 hours 84 months

What does Funding Circle offer?

Business Loan Types
Term loan
SBA loan
Line of credit
Invoice financing (through a lending partner)
Working capital loan (through a lending partner)
Merchant cash advance (through a lending partner)
Equipment financing

Other notable Funding Circle features

  • No prepayment Funding Circle fees
  • Knowledge base for small business financing

Funding Circle application process

Funding Circle application steps screenshot

Funding Circle has a simple and fast application process. Source: Funding Circle website.

You will need the following information to apply for a Funding Circle business loan:

  • Business tax ID
  • Names of anyone with over 20% ownership
  • Social security numbers for all owners
  • Drivers license number and state of issue for all owners
  • Last two years of business tax returns
  • Last year of personal tax returns for every owner
  • Bank statements from the past six months

Start Application Visit Funding Circle’s website.

Funding Circle Customer Support

Funding Circle Phone Number (new customers) 855-385-5356
Funding Circle Phone Number (existing customers) Not available
Customer Support Email [email protected]
Chat Not available
FAQs Available
Merchant cash advance (through a lending partner) Available

Funding Circle user review highlights

We analyzed 14,104 user reviews about Funding Circle from two third-party review websites to provide this summary.

Funding Circle gets a lot of positive feedback from users, with just a few complaints sprinkled in. Among the Funding Circle complaints are a few regarding potential customers getting far too much junk mail from the company and overly eager sales staff. But the more critical gripes suggest the Funding Circle interest rates are a bit high – which is not a good thing when it’s a fixed rate.

Another reviewer said the process took forever because the underwriters had to keep coming back to them for information on their company, and that Funding Circle didn’t seem to understand their industry.

Funding Circle scores extremely high with reviewers regarding a simple and easy application process. But the biggest perk of working with Funding Circle is the customer service.

Users love the support representatives, often referring to them by name in their reviews and gushing over how kind, helpful, and willing they are to go above and beyond. Still, other users report that Funding Circle is just a fantastic company to work with, and they consistently try to save users money.

  • Application Process – Funding Circle reviews indicate that customers find the application process extremely easy and fast.
  • Ease of Use – one Funding Circle review points out that it makes it easy for him to manage multiple loans for different businesses on one platform.
  • Features – users appreciate how helpful and friendly the Funding Circle customer service representatives are.
  • Quality of Support – Funding Circle scores extremely high with reviewers regarding customer service. Users love working with them and come back repeatedly because they are so nice and helpful and do everything possible to make it an easy and smooth loan process.
  • Convenience – Funding Circle is conveniently fast when it comes to getting a long-term loan – something that would take a traditional lender weeks only takes Funding Circle two days at the most.

Funding Circle Contact Information

Parent Company:
Funding Circle
Denver, CO
Year Founded:

Funding Circle alternatives

Lender Loan Amounts B2B Reviews Score
Funding Circle Up to $500K 4.5
Biz2Credit Up to $2M 4.8
OnDeck Up to $250k 4.3

Funding Circle Reviews

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