Intermediate-Term Loan by Funding Circle

Intermediate-Term Loan by Funding Circle

Funding Circle provides a term loan at low rates with a fast and simple process, so you can get back to running your business. Funding Circle is a leader in transparency – no charge to apply, no hidden fees, and no prepayment penalties. Their terms range from 1 to 5 years and are paid down monthly, not daily. Rates start as low as 4.99%. Funding Circle helps merchants build business credit. They report back to both Experian & D&B and open trade lines on good payment history. Funding Circle works with All Entities Types, including Sole Proprietors. They can also help Sole Props start their business credit profile by opening up their first business credit trade line.

Cost
30% Complete
LowHigh
Effort to Apply
30% Complete
EasyDifficult
Funding Speed
20% Complete
MonthsMinutes
Repayment Terms
60% Complete
MonthsYears

8/10

Bottom Line

Great option if you don't want to deal with the lengthy process for bank loans . The rates are more expensive than banks, but much lower relative to other quick cash flow loan / merchant cash advances alternatives.

Pros

Fast online application. High customer satisfaction. Reports to business bureaus. Can help build your business credit.

Cons

High origination fee.

Qualification requirements

Time in Business

Minimum 2 years in business or qualified franchises.

Personal Credit

620+ FICO Score

Other Requirements

No prior history of bankruptcies, current tax liens, judgments or criminal activity

Cost
4.99% - 28% APR, Average 8% - 14% APR
Repayment Duration
Monthly payments for 6 months - 5 years
Funding Amount
$25,000 - $500,000
Origination Fee
5.99%
Funding Speed
2 - 5 days
Application
All digital

Add Review

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.

There are no reviews yet. Share your thoughts with other customers.