Funding Circle Business Loans: 2024 Review

Funding Circle offers competitive rates for online term loans. You'll need good personal credit and an established business to qualify.

Rosalie Murphy covers small business topics for NerdWallet. Previously, she led editorial strategy for a local news startup and covered business at The Desert Sun. She holds a journalism degree from the University of Southern California and is currently pursuing an MBA.

Lisa Anthony is a former NerdWallet writer covering small-business. Before Nerdwallet, she had more than 20 years of experience in banking and finance.

Sally Lauckner has over a decade of experience in print and online journalism. Before joining NerdWallet, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. She has a master's in journalism from New York University and a bachelor's in English and history from Columbia University. Email: slauckner@nerdwallet.com.

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Our Take

The bottom line:

Funding Circle is well suited for established businesses with good credit that prefer a streamlined application process.

Funding Circle - Online term loan

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Pros & Cons

• Cash can be available within three business days.
• Competitive rates for online term loans.
• Terms up to seven years.

• Must be in business for a minimum of two years.
• Minimum credit score is higher than some other lenders.
• Requires business lien and personal guarantee.

Compare to Other Lenders

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Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

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