Funding Circle Reviews: Loan Requirements, Pros & Cons - Complete 2025 Guide
Transparent Fees: Fixed monthly payments and no hidden charges.
Fast Decisions: Get a decision in as little as 1 hour and funding in 48 hours.
Flexible Options: Borrow £10,000 to £750,000 with repayment terms up to 6 years.
Kwon Jason
1 month ago
Leo helped me from the beginning and to the end of this whole process. He helped me to feel at ease and is highly reliable. Thank you.
Trisha Smith
5 months ago
Working with Mike Kowal was truly an exceptional experience from start to finish. He was personable, highly responsive, and consistently communicative, taking the time to educate me throughout the entire process so I fully understood what was happening at every step.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
HMP Wholesale
6 months ago
Convenient and aggressively priced rates - beats the market. Craig was great at speeding up the process and making it smooth.
brandon banks
6 months ago
I was able to secure a business loan in an industry that typically has a hard time getting approved. Craig and the team at Upwise made it happen from start to finish. Professional, responsive, and results-driven. A+ experience all around!
Stephanie Terrelonge
8 months ago
Upwise Capital and Daniel Joseph were great in helping me obtain financing and grow my janitorial business. Mr. Joseph is quick, efficient and professional. Funding was complete in just a few hours. Daniel is very detailed and easy to work with. He stuck with me from beginning to end. Thank you Upwise Capital and Daniel for helping to expand my business. I appreciate all your help.
AA Fishing Charter Aquaholics Aknotymous
9 months ago
The rates for loans are horrible, and if you disagree with them, they get angry and hang up on you lol. It is clear they are in business to get the best deal for themselves, not the customer. Leo Lamb, one of their funding managers comes across like a used car salesman. When I called them out for their shady practices, he got very aggravated.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Stacy Aleixo
11 months ago
The process was very simple and fast! Craig is a pro and helped so much during what I thought would be a stressful transaction. As we know it’s so hard to receive funding for cannabis, or so I thought! I highly recommend Upwise Capital.
Jonathan F
2 years ago
Timely efficient, def would work with again, made the processs easy
Hatchet's & More
2 years ago
ETC 4 DISPATCH Logistics
2 years ago
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But Hemp
2 years ago
Donna Essner
2 years ago
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth Cann
2 years ago
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La Cruz
2 years ago
I worked with Leo. He is very attentive and professional.
Mohamed Khanafer
3 years ago
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy Sockwell
3 years ago
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise
Upwise
Sharon Johnson
3 years ago
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike Maffei
3 years ago
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
Niyetroshia Thomas
4 years ago
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!
Funding Circle at a Glance Key Features and Services
Funding Circle is a leading lending platform that helps small businesses access affordable and fast financing. Since its launch in 2010, Funding Circle has helped over 103,000 businesses secure funding, distributing more than £13.6 billion globally. The platform connects small businesses with potential investors willing to lend money, offering flexible repayment terms, fixed interest rates, and a straightforward online application process.
Quick Facts About Funding Circle:
- Founded: 2010
- Loan Products: Business loans, asset finance, cashback business credit card, FlexiPay credit line
- Loan Amounts: £10,000 to £750,000
- Funding Speed: Decision in 1 hour; funding in 48 hours
- BBB Rating: A+
What You’ll Learn in This Review:
- What is Funding Circle?
- How does Funding Circle work?
- Loan products, terms, and eligibility requirements
- Pros, cons, and comparisons with other lenders
- Frequently Asked Questions (FAQs)
What is Funding Circle
Funding Circle is a trusted lending platform that connects small businesses with affordable financing options. Designed to help small businesses secure loans, Funding Circle business loans cater to businesses across industries, offering solutions for growth, cash flow management, and equipment purchases.
Overview of Funding Circle’s Legitimacy and Reputation
Funding Circle is a legitimate and reputable online lending platform providing small business loans to entrepreneurs and small business owners since 2010. Over the years, Funding Circle has established itself as a trustworthy and reliable source of funding for small businesses. With over $20.2 billion in funding provided to more than 135,000 small businesses across 700 industries worldwide, Funding Circle stands out as a leader in the industry. The company’s commitment to transparency, fairness, and customer satisfaction has earned it a strong reputation among small business owners. Whether you need a business loan to expand operations, manage cash flow, or purchase equipment, Funding Circle offers a dependable solution.
Available Loan Products:
- Business Loans: Flexible term loans for various business needs.
- Asset Finance: Funding for vehicles, equipment, or machinery.
- FlexiPay Line of Credit: Interest-free credit line for short-term expenses.
- Cashback Business Credit Card: Earn cashback on everyday business spending.
Industries They Serve:
Funding Circle serves a wide range of industries, including:
- Retail
- Hospitality
- Construction
- Manufacturing
- Healthcare
Funding Circle How it works?
Funding Circle makes securing financing simple and quick with its technology-driven platform and easy application process. Borrowers can apply online, provide relevant documents, and receive a decision in as little as 1 hour.
Key Features of Funding Circle’s Process:
- Fast Online Application: Apply in just 7 minutes.
- Quick Decision: Get a loan offer within 1 hour (eligibility-dependent).
- Transparent Repayment Terms: Fixed monthly payments with no hidden fees.
Funding Circle’s efficient process ensures small businesses can access capital quickly, without the delays often seen with traditional lenders.
Funding Circle Business Loans Explained
Funding Circle
Business Loans
- Loan Amounts: £10,000 to £750,000
- Repayment Terms: Up to 6 years
- Interest Rates: Starting at 6.9% annually
- Uses: Hiring staff, purchasing inventory, managing cash flow, or expanding operations.
Funding Circle’s business loans are unsecured, meaning no business assets are required as collateral. They’re ideal for small business owners seeking fast and flexible funding. Compared to traditional loans, SBA loans offer government backing, reducing lender risk and making loans more accessible.
Funding Circle
FlexiPay Credit Line
- Loan Amounts: £1,000 to £250,000
- Repayment Terms: 1, 3, 6, 9, or 12 months
- Interest Rates: 0% on the borrowed amount; fees from 1.5% per transaction.
- Uses: Covering short-term expenses or paying suppliers.
The FlexiPay line of credit is a great alternative to a merchant cash advance, offering flexibility with no interest charged on borrowed amounts.
Funding Circle
Cashback Business Credit Card
- Loan Amounts: £1,000 to £250,000
- Interest Rates: Starting at 14.9% annually
- Fees: No monthly fees; earns 2% cashback for 6 months and 1% thereafter.
- Uses: Everyday business spending such as supplies or travel.
This card rewards small business owners with cashback on purchases, helping them save money while managing expenses.
Funding Circle
Asset Finance
Loan Amounts: £10,000 to £5 million
Repayment Terms: Up to 7 years
Interest Rates: Vary based on the provider.
Uses: Financing vehicles, equipment, or machinery.
Funding Circle’s asset finance allows businesses to secure funding for new equipment or borrow against existing assets to gain working capital. Unlike a traditional bank, which typically requires collateral and has a longer approval process, Funding Circle offers a more efficient alternative with quicker approval times and no collateral needed.
Funding Circle Requirements
Here is the basic criteria your business must meet for Funding Circle requirements:
To qualify for a Funding Circle business loan, small business owners must meet specific requirements designed to ensure the stability and profitability of their business. These requirements include:
- Business Age: Your business must have been in operation for at least 24 months.
- Annual Revenue: A minimum annual revenue of $50,000 is required.
- Credit Score: A minimum credit score of 660 is necessary to be considered.
- Documentation: You will need to provide business and personal information, including financial statements and tax returns.
- Debt-to-Income Ratio: You must meet the lender’s debt-to-income ratio requirements.
For loans exceeding a certain amount, Funding Circle may require collateral, which can include business assets such as property, inventory, or equipment. Meeting these criteria ensures that your business is in a strong position to repay the loan, making the application process smoother and more efficient.
Eligibility Criteria and Application Process
The eligibility criteria for a Funding Circle business loan are designed to ensure that small business owners have a stable and profitable business. The application process is straightforward and can be completed online, making it convenient for busy entrepreneurs. Here’s a step-by-step guide to the application process:
- Prepare Your Documents: Gather all necessary documentation, including financial statements, tax returns, and business licenses.
- Complete the Online Application: Fill out the online application form with your business and personal information. This process typically takes just a few minutes.
- Submit Your Application: Once you’ve completed the form, submit your application for review.
- Review and Decision: The Funding Circle team will review your application and provide a decision within a few days.
- Accept the Offer: If approved, you’ll receive a loan offer. Review the terms and conditions, and if you’re satisfied, accept the offer.
- Receive Funds: After accepting the offer, funds will be deposited into your account, usually within 48 hours.
This streamlined process ensures that small business owners can quickly and easily access the funding they need to grow their businesses.
What you Need to Know
A few things to know when considering Funding Circle business loans:
- Business Age: At least 2 years in operation.
- Credit Score: Minimum credit score required (varies by loan product).
- Financial Documentation: Relevant documents such as bank statements and tax returns.
- Location: Must be a UK-based business.
How to Apply to Funding Circle
Funding Circle Application Process
Step 1: Complete the Online Application
- Fill out an online application in just 7 minutes.
- Provide basic business details, including your annual revenue and business assets.
Step 2: Get a Decision
- The Funding Circle team will review your application.
- You’ll receive a decision and a loan offer in as little as 1 hour.
Step 3: Accept the Offer and Receive Funds
- Review the loan terms and sign the agreement.
- Funds are deposited into your account within 48 hours.
Pros & Cons of Funding Circle
PROS
CONS
Apply Now for Business Financing
- Access term loans, lines of credit, working capital & more
- Secure the terms and conditions that make sense for you
- Apply for working capital and cash flow funding to cover inventory, marketing and operations
Stay ahead of the curve - get access today!
Upgrade your capabilities with specialized financing for almost any industry.
Why Choose Upwise Capital
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of business line of credit lenders. This means you're more likely to find the best match for your funding needs.
Is Funding Circle Legit?
Yes, Funding Circle is a trusted and legitimate lending platform that has helped over 103,000 businesses secure financing since 2010. Their focus on transparency, competitive rates, and fast funding makes them a top choice for many small business owners.
If Funding Circle doesn’t meet your needs, consider exploring Upwise Capital for alternative financing options tailored to your business goals.
Funding Circle Frequently Asked Questions - FAQ
What other lenders compare to Funding Circle?
- OnDeck: Offers fast funding but focuses on merchant cash advances and shorter repayment terms.
- BlueVine: Specializes in business lines of credit, making it a good alternative for short-term needs.
- Lendio: A marketplace that connects borrowers with multiple lenders, offering more financing options.
What Happens After Applying with Funding Circle?
After submitting your loan application, the Funding Circle team reviews it. If approved, you’ll receive an offer within 1 hour, and funds are deposited within 48 hours after acceptance.
Does Funding Circle report to credit bureaus?
Yes, Funding Circle reports repayment activity to credit bureaus, helping businesses build their credit profiles.
How do I manage my loan with Funding Circle?
You can manage your loan through the Funding Circle login portal, where you can track payments, access statements, and contact customer service.
What are Funding Circle’s renewal options?
Eligible borrowers may renew or apply for additional funding based on their repayment history and business performance.
What is the customer experience like with Funding Circle
Funding Circle reviews highlight the platform’s fast funding, transparent process, and flexible loan options. Customers appreciate the Funding Circle team’s excellent service and the ease of managing loans through the online application.
BBB Rating: A+
Trustpilot Rating: 4.7/5 based on thousands of reviews.
Common Complaints: Some businesses mention higher fees for certain products and stricter eligibility criteria.
Funding Circle Final Verdict
Who Should Consider Funding Circle?
- Established businesses needing quick access to capital.
- Companies seeking unsecured business loans with no collateral.
- Businesses looking for transparent fees and flexible terms.
Who Should Look Elsewhere?
- Startups or businesses with less than 2 years of operation.
- Borrowers with poor credit scores seeking lower interest rates.
Tips for Success with Funding Circle
- Prepare all relevant documents before applying.
- Use the Funding Circle loan calculator to estimate costs and repayment terms.
- Compare loan options to find the best fit for your business needs.
- Take advantage of no prepayment penalties to save on inter
Disclaimer:Â Funding Circle trademark is owned by Funding Circle, LTD. dba Funding Circle and its use herein is for reference purposes only. This does not indicate sponsorship or endorsement from Funding Circle, LTD.