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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply for a Funding Circle's loan


How to apply


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.


Does Funding Circle have a minimum credit score?

Yes, your minimum FICO credit score should be 660 to receive a loan.

How much can you borrow for an SBA loan?

For an SBA loan with Funding Circle, you can get from $50k to $500k.

How long does it take to get money out of Funding Circle?

On average, a business receives money five days after the application is approved.

How do I apply for a funding circle loan?

The application process takes place online on the company's website and takes 6 minutes.

Calculate loan payments in Funding Circle

Funding Circle calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

25000 $
500000 $
Loan term

Specify the loan term for the calculation


What to focus on before applying for a loan with Funding Circle

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Funding Circle and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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