Do you want to loan for your business with manageable interest rates? You can now apply for a Funding Circle Online Business Loan to enjoy this benefit and many more. Continue reading to find out how to request a Funding Circle Online Business Loan.
Funding Circle takes pride in helping thousands of established American businesses to flourish, and spur economic growth in their localities. Since 2010, the peer-to-peer business lender has helped 56,000 small businesses in the U.S., Great Britain, Germany and the Netherlands to grow through loans. You can use your loaned money for boosting your cash flow, renovating your workplace and establishment, expanding your business, purchasing new equipment, and hiring extra staff.
Funding Circle Online Features You Should Know
Funding Circle has a user-friendly website with a stunning design and full feature allow you to request for additional funding anytime you want. What’s more, it uses the latest web security technologies for worry-free loans.
Still hesitant to order a Funding Circle Online Business Loan? Check out its many benefits and perks.
Funding Circle Online Business Loan Benefits
You can receive your borrowed money from Funding Circle faster than banks and government agencies. You only need 10 minutes to apply for a loan. Once your request is approved, you can receive funds in just 10 days.
Using the Funding Circle’s advanced website, you can get personalized rates that suit your requirements. This feature allows you to snag the best loan deals for your company.
The company also provides advanced online tools you can use to make the most of your loans. These digital tools will help you in making crucial financial decisions for your enterprise.
What’s more, Funding Circle maintains a blog that will educate you on how to manage the finances of your fledgling company. Funding your business is difficult, especially if you don’t have the guidance from experts. Through this, blog, you can regularly update your business and financing savvy to improve your chances to succeed.
Interested in getting a Funding Circle Online Business Loan? Read on to find out the company’s requirements and application process.
Funding Circle Online Business Loan Application Process
Funding Circle accepts loan applications online. Just visit their website then click apply now and fill out its application form. But to improve your chances of approval, make sure you are qualified as one of their customers. You should be in the business for at least 2 years and has not filed bankruptcy in seven years. Moreover, you also need to have a personal credit score of 620 or higher. The lender does not require you a minimum annual revenue, but you need to have a personal guarantee.
Once approved, you can borrow $25,000 to $500,000, which you repay in 6 months to 5 years.
Fees and Interest Rates
You should also keep in mind that the lender charges certain fees. such as an origination fee of 0.99%-6.99% and a late payment fee of 5% of the missed payment.
The lender has fixed annual interest rates of 4.99% to 27.79%.
In summary, getting a Funding Circle Online Business works best if you want to grow your company after some years in business.