# Check if you qualify for a business loan in 30 seconds Expand, buy new equipment, hire staff or manage cash flow — whatever your business goals, our loans can lend a hand ## Why choose a Funding Circle business loan? #### Gain working capital, tailored to your needs Working capital is the lifeblood of any business. Healthy cash flow allows you to pursue new opportunities and win more business. It saves you time, gives you greater peace of mind, and the breathing space to make the best long term decisions for your business. #### Loan decisions in as little as 1 hour We know a quick decision is one of the most important factors for business owners, so we’ve invested in our team and technology to give you a fast, fair, and accurate decision. Our Credit Assessment team are supported by over 14 years of data from lending exclusively to SMEs. #### Get you the certainty needed to plan ahead With interest rates starting from 6.9% per year, a Funding Circle small business loan can be much more affordable than a business overdraft or a business credit card. ##### How do business loans work? When you get a business loan, your loan provider will lend you a lump sum of money, which you then repay over an agreed period with added interest. The money must be used for business purposes, such as marketing, equipment or growth. To be eligible to apply for a loan with us, you need to: 1. Have been trading for 1 year or more 2. Be based in the UK ##### How much will a business loan cost? The amount your loan will cost will depend on the amount of money you want to borrow, your interest rate and your loan term. We charge a one-off completion fee when you take out your loan, and your interest rate will be calculated based on a number of factors, including your credit score and finances. There’s no fee if you want to overpay more than your contractual amount or pay off your loan early in one go. All our loans are fixed rate, so you’ll know exactly how much you’ll need to repay each month and what the cost of borrowing is. If you’d like a breakdown of how much your loan could cost, check out our [business loan calculator](/content/uk/small-business-loans/calculator/index.html). ## Get a personalised quote without affecting your credit score If you’re a limited company or LLP, you can get a loan decision without affecting your credit score. So you can assess your options with complete peace of mind. ##### Check if you qualify in 30 seconds See if you qualify with no fuss 1. Apply online in 7 minutes 2. Get your decision in as little as 1 hour 3. Funds paid out typically within 48 hours ## Calculate how affordable a Funding Circle loan can be Use our calculator to see what your monthly repayments could cost or get your personalised rate Amount you wish to borrow £ *Amount must be between £10,000 to £750,000* #### For how many months? 6 - 12 - 24 - 36 - 48 - 60 - 72 ### Monthly repayment * ## £4,815 Show breakdown Loan amount £100,000 Completion Fee £6,900 Interest £8,668 Total amount repayable £115,568 We’ve helped over 135,000 UK businesses borrow £18 billion to take their business further. ### £18 billion Lent to UK businesses ## Is a business loan right for me? Before considering a small business loan, you should take some time to work out whether a loan is your best option. Business loans can be used to refinance existing debt, or support your business through times of financial hardship. #### A business loan could be right for you if: - You're buying assets that will add long-term value to your business - You require additional funds to grow or expand your business - You wish to improve your business credit score - You need help managing your cash flow #### A business loan may not be right for you if: - You cannot find a loan of the correct amount with suitable terms - You are not certain you can afford repayments - You have recently been refused a business loan - You have used up all existing lines of credit Improving your credit score can better your chances of getting a business loan. [You can find some advice on how to boost your score here](/content/uk/resources/business-finance/how-to-improve-your-business-credit-score/index.html). #### How do I qualify for a small business loan? Qualifying for a small business loan depends on your situation and we take a number of factors into account. Unfortunately, you won’t qualify for a Funding Circle loan if you have been trading for less than one year. #### When will I get a decision on my small business loan? You’ll get a decision on your small business loan in as little as 1 hour. #### What are business loan terms? “Loan terms” refer to the agreed details involved when borrowing money such as repayment period and loan interest rates. With a business loan from Funding Circle you can borrow over 6 months to 6 years, with interest rates starting from 6.9% per year. #### What happens if I think I may miss a repayment on my business loan? If you are worried about your upcoming repayment(s), it is important that you contact us as soon as possible to discuss your options.