Funding Circle: products, terms and eligibility

Funding Circle is a UK provider of unsecured business loans. The legal entity named on its site is Funding Circle Ltd, company number 06968588. It is based in London. It gives its founding year as 2010.

Funding Circle says it was founded in 2010 to address a gap in small business financing following the 2008 financial crisis, and that it lent £2 million to SMEs in its first year. It says it is listed on the London Stock Exchange, and is registered in England (company number 06968588). It says it has expanded from term loans to FlexiPay (a flexible credit line launched in 2022), a cashback business credit card (2024) and asset finance through partners. It is authorised and regulated by the FCA (firm reference number 722513) and is not covered by the Financial Services Compensation Scheme.

In its own words on scale:

• Says it has helped over 135,000 UK businesses borrow £18 billion (figure on its site in October 2026).
• Says it has lent over £4 billion to SMEs through its dedicated introducer service (figure on its introducer page in October 2026).

Everything on this page comes from what Funding Circle publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Funding Circle publishes 5 products for UK businesses. The table above gives the amounts and terms as it states them.

• FlexiPay line of credit: Revolving credit facility.

Business loan

A lump sum of £10,000 to £750,000 repaid over an agreed period of up to 6 years, for business purposes such as marketing, equipment or growth. Its loans page says they are unsecured, so no property or assets are pledged, but a personal guarantee is required if approved. Repayments are by direct debit, with the first payment one month after funding, and it says there is no fee to overpay or settle early.

Government-backed loan (Growth Guarantee Scheme)

Listed on its loans page among its loan types, with amounts of £25,001 to £250,000 and terms up to 6 years per the record. The dedicated product page could not be read, so how the guarantee works at Funding Circle is not confirmed here.

Asset finance (through partners)

Listed as asset finance provided through specialist partners, with terms varying by provider. Details of structure and security were not read from a Funding Circle page.

Funding Circle says its finance is used for:

• Marketing
• Equipment purchase
• Business growth and expansion
• Managing cash flow
• Purchasing long-term value assets

Funding Circle publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Trading for 1 year or more.
• Based in the UK.
• Limited companies and LLPs can get a loan decision without affecting their credit score.

Funding Circle describes its process like this:

1. Complete a short eligibility check.
2. Complete the online application.
3. Provide business bank statements and accounts.
4. Receive a decision and, if accepted, sign and receive funds.
5. Introducers contact Funding Circle’s introducer team to refer clients.

Information it says it asks for:

• Business bank statements (last 8 months)
• Latest full unabbreviated accounts including profit and loss and balance sheet

Every application is subject to status and the lender’s own criteria at the time.

An unsecured business loan is a fixed sum repaid in instalments over an agreed term, without a charge over a specific asset. Most lenders still ask the directors for a personal guarantee, which makes them personally liable if the company cannot repay.

Lenders price each loan on the business’s trading history, turnover and credit profile, so the offer you receive can differ from the published range. Compare the total cost in pounds and the repayment pattern, not only the headline rate: our guide on how to compare business loan lenders shows how.

Points Funding Circle publishes that are worth knowing:

• Loans carry a one-off completion fee (shorter term loans: no completion fee if you apply directly).
• Says there are no fees to settle early.
• Asset finance is provided through specialist partners and terms vary by provider.
• Credit reports from Experian and TransUnion are used when you apply.

Security and guarantees

Loans are described on the loans page as unsecured, with a personal guarantee required if approved. It says there is no fee to overpay or pay off a loan early. It says it uses credit reports when you apply; limited companies and LLPs can get a decision without affecting their credit score.

Funding Circle’s site states: “Funding Circle Ltd is authorised and regulated by the Financial Conduct Authority under firm registration number 722513. Funding Circle Ltd is not covered by the Financial Services Compensation Scheme. Registered in England (Co. No. 06968588) with registered office at 71 Queen Victoria Street, London, EC4V 4AY.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of unsecured business loans with profiles here include FW Capital, Got Capital and Kingsway Finance. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.