How to apply
Requirements
For you to qualify for a loan from Funding Circle, you must meet the following requirements:
Your business must not be located in Nevada, since Funding Circle Limited does not operate there because of state lending regulations;
You must have a minimum of two years of experience in the business;
You must not have personal bankruptcies within the last seven years;
Your personal FICO credit score must be not less than 660;
Your business must operate in an industry that is not related to pornography, marijuana dispensaries, gambling, speculative real estate, non-profit organizations, or weapon.
These requirements are the minimum for obtaining approval. You need to have indicators higher than these requirements to get lower rates for your loans or a larger loan amount. You also need to have a good credit history.
Application details
Funding Circle Limited may request additional documentation before issuing you an approval.
This list includes:
Detailed information about the company, including business tax ID;
Names of owners with a minimum of 20% ownership;
Social Security Number of the business owner;
Driver’s license number and state of issue;
Two recent years of business tax returns;
One recent year of personal tax returns;
Six recent years of bank statements;
After completing the application, you will be able to find out whether you qualify or not in 24 hours.
How to apply for a loan
The online loan application process looks like this:
You submit an online application. It takes 6 minutes.
After 1 hour, a personal account manager reaches out to you to collect documentation and additional information
Funding Circle’s underwriters review your application and decide within 24 hours
As soon as you accept the loan offer suggested, you will be funded in 1 business day.
All interest rates and loan terms are communicated to you before making a decision.
The company can offer you several loan options. You will be able to choose options with lower rates and more comfortable conditions.
