Top Funding Circle Alternatives and Overview

The modern financial world requires many investments. With new businesses blooming every moment, the need for these investments also increases. Many great business ideas fall down quickly, all thanks to a lack of investments and investors ceasing their funds.

From such scenarios arose Funding Circle, a P2P lending company. It opens the gate of investment for local public and businesses alike, giving the funded party a chance to grow in the market, and help themselves and their investors.

Ever since the 2007-09 financial crisis, banks were cutting the money lending process. With a hefty discussion in a pub, the founders came up with the idea of Funding Circle. Funding Circle’s idea was already in bloom in the year it was founded, i.e., 2010. Over time, they have arranged for over £8 billion in the form of loans. It even holds great importance in the London Stock Exchange.

Funding Circle’s Small Business Loans

As said earlier, Funding Circle specializes in small business loans. Funding Circle has taken much inspiration from SBA loans in creating its policies. It has included great highlights like once-monthly payments, remove prepay penalties, and many more, combined in a software to ease and fasten this entire process.

There are some typical reasons offered by Funding Circle to borrow from them. Some of these are low interests, boost cash flow, hire new machines, extra cost, and so. They offer faster services and better terms. Under this section, we can buy loans of $25k-$500k at a mere 4.99% interest rate. It takes about 6 minutes to apply online, and it offers 6 months to 5 years for reimbursement.

Funding Circle Investments

Funding Circle offers similar services to the investors as to lenders. They inform the willing investors about the verified businesses seeking loans. Then, Funding Circle fulfills the loans and then process the monthly repayments with interests.

They claim that the net investors on Funding Circle have lent $10.9 billion+ to over 70k small businesses. Their historical annual returns ranges in 5-7%. All of this can be done quickly via their software. Investors can thoroughly check the loanee’s background, their current progress status, and so.

Conclusion

Funding Circle is one of the fastest, secure, and reliable interface for connecting the right investors and loanees. Although the verification standards are high, once done, the entire process of P2P lending becomes very smooth, and Funding Circle aces in it.

Company Name: Funding Circle Limited

Company Address: 747 Front St. Floor 4, San Francisco, CA, USA

Founded in: 2011