Lender review
Funding Circle Business Loans, Reviewed
A direct lender for established businesses, offering fast decisions on term loans up to $500,000 for a 660 credit score and two years in business.
Lender review
A direct lender for established businesses, offering fast decisions on term loans up to $500,000 for a 660 credit score and two years in business.
Funding Circle pairs a strict eligibility bar, a 660 credit score, two years in business, and no bankruptcy in the past seven years, with genuinely fast decisions, often within an hour, and funding in as little as 24 to 48 hours. Its SBA 7(a) loans price near the SBA cap, but its term loans carry both a real APR range and a steep 4.49 to 10.49 percent origination fee deducted straight from your proceeds, so run the full cost before comparing it to a bank rate.
Funding Circle directly funds term loans, SBA 7(a) loans, and a business line of credit for established small businesses, all through a streamlined online application.
What sets Funding Circle apart is speed at a bank adjacent price point. A personal account manager follows up within an hour of your application, and loan decisions can land in as little as 24 hours, a pace closer to a fast online lender than the SBA lenders and banks that typically offer comparable rates.
Prequalify in minutes without affecting your credit score.
Exact rates and loan amounts vary by product and by applicant; see the product breakdown below for details on each one.
Funding Circle funds three products directly, with your rate shaped by your credit profile, revenue, and the loan term you choose.
| Business term loan | $25,000 to $500,000, repaid over terms up to 84 months. APRs range from about 15.22 percent to 45 percent, plus a 4.49 to 10.49 percent origination fee deducted from your proceeds. |
| SBA 7(a) loan | Government backed financing priced at Prime plus 2.75 to 4.75 percent, with some borrowers funded in as little as 13 days versus the typical 27 to 49 day SBA timeline. |
| Business line of credit | Revolving credit typically between $5,000 and $250,000, with an average draw fee of 1.6 percent and interest charged only on what you use. |
Rate, term, and amount figures are set per applicant during underwriting.
Funding Circle sets one of the stricter bars among direct lenders on this network, which is part of how it keeps its rates lower than most short term funders.
Funding Circle requires at least one business owner to have a personal credit score of 660 or higher, with no personal bankruptcy in the last 7 years.
A business needs at least 2 years of operating history to qualify. Funding Circle does not fund startups or businesses in their first two years.
Funding Circle does not publish a strict revenue minimum, though most sources cite roughly $50,000 or more in annual revenue as a practical floor.
Funding Circle operates in 49 of 50 states, excluding Vermont, and requires standard financial documentation like bank statements and business financials.
The application takes about 7 to 15 minutes, and Funding Circle assigns a personal account manager who follows up within the hour.
Complete Funding Circle’s application in about 7 to 15 minutes.
A personal account manager follows up within an hour to collect documentation and shape terms around your business.
Underwriters review your file, with decisions possible in as little as 1 hour and funds typically arriving within 24 to 48 hours.
Loan decisions in as little as 1 hour and funding within 24 to 48 hours is quick for a lender with bank adjacent pricing.
Some SBA borrowers see funding in as little as 13 days, well under the standard 27 to 49 day SBA timeline.
You do not need to pledge a specific business asset to qualify for Funding Circle’s standard term loan.
You work with one dedicated contact from application through funding rather than a purely automated process.
Funding Circle holds an A+ rating with the Better Business Bureau and operates across most of the US.
4.49 to 10.49 percent is deducted from your proceeds before you receive funds, meaningfully reducing what actually lands in your account.
2 or more years in business and a 660 credit score exclude startups and businesses recovering from credit challenges.
15.22 percent to 45 percent is well above traditional bank pricing, even if it beats most short term online funders.
Yes. Funding Circle directly funds its term loans and lines of credit, and is also an SBA approved lender for its 7(a) loan program.
At least one business owner needs a personal credit score of 660 or higher, with no personal bankruptcy in the past 7 years.
Loan decisions can come in as little as 1 hour, with funds typically arriving within 24 to 48 hours after approval.
Funding Circle offers business term loans up to $500,000, SBA 7(a) loans, and a business line of credit.
Funding Circle requires at least 2 years in business, a personal credit score of 660 or higher, and no bankruptcy on record in the last 7 years.
Term loan APRs range from about 15.22 percent to 45 percent, plus a one time origination fee of 4.49 to 10.49 percent deducted from your loan proceeds.
We score lenders on loan cost, eligibility and accessibility, funding speed, and customer experience, drawing on the lender's own disclosures, public complaint records, and third party review platforms. Ratings are reviewed monthly and reflect our independent analysis; lenders cannot pay for a better score.
Compare Business Loans Online may receive compensation from some lenders featured on this page when a business applies through our links. This does not affect our ratings, which are based on independent research, or which lenders we choose to review.