Your independent business will have the opportunity to secure funding for various purposes, tailored to your specific needs.

Whether you're looking to expand your inventory, launch marketing campaigns, upgrade your technology, or hire new staff, Funding Circle can provide the financial support you require, including:

  • Working Capital
  • Business Growth
  • Fulfilling a contract
  • Website and marketing
  • Purchase stock and equipment
  • Pay VAT, energy, or other business bills
  • Bulk buy or negotiate better terms with suppliers
  • Spread quarterly costs out monthly

How Members benefit

  • Bira members get 1% cash back on any term loan
 

How to get started

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Term Loan:

What is a term loan?

Our term loan product is over a decade in development, providing small businesses with quick, simple access to the most competitive unsecured business finance in the UK market.

Do I qualify?

Active UK businesses with at least a year of trading history

Product Outline

  • Loan size: £10,000 - £500,000
  • Term length: 6 months – 6 years
  • Interest rates: From 7.9% APR
  • Completion fee: Avg. ~6%
  • Personal guarantee: Yes

Application Requirements

Filed accounts and a UK business bank account

Flexipay:

What is Flexipay?

FlexiPay is a line of credit that helps small businesses pay invoices, cover large costs, and settle tax bills while spreading the cost over three months on a no-interest basis

Do I qualify?

Active UK businesses with 2 years of trading history, positive commercial performance and strong credit history

Product Outline

  • Loan size: Up to £250,000 credit limit
  • Term length: 3 months
  • Interest rates: 0%
  • Completion fee: 4.5% (invoice value)
  • Personal guarantee: Yes

Application Requirements

Filed accounts and a UK business bank account

 

Application Journey:

  • Eligibility check in 30 seconds
  • Online application in 10 minutes
  • Instant Decision technology
  • Funds available within 48 hours
  • Average loan size of ~£80,000
  • Offer rate on underwritable applications of ~70%

Underwriteable applications:

  • Trading for at least one year
  • One set of filed accounts
  • UK based company
  • Strong business and personal credit
  • Full filed accounts and 6 months' bank statements

About Funding Circle

Founded in 2010, Funding Circle is one of the largest online platforms for business loans in the world, and is listed on the London Stock Exchange.

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