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Home / Money & Finance / Business Loans / Funding Circle
8.5 Tested Aug 24, 2026 by Team RankingRight

Funding Circle (Term loan) review 2026

Bank-like rates on a term loan without the bank timetable — monthly repayments, no prepayment penalty and funds in days rather than weeks

Funding Circle Funding Circle
Brand mark used to identify the product; the trademark remains its owner's.
PriceFrom $0 · checked Sep 11, 2026
Typical APR15–30%
Minimum credit score660

Is the Funding Circle Worth It?

Best term loan rates outside the SBA. Funding Circle is the closest thing to bank pricing with online speed, and monthly repayment is a real advantage over the daily-debit lenders. The origination fee is the number to negotiate.

Funding Circle Pros & Cons

Pros
  • Monthly repayments rather than daily or weekly — far easier on cash flow
  • No prepayment penalty, so paying early genuinely saves interest
  • Terms up to seven years, longer than most online lenders
  • Also originates SBA 7(a) loans if you qualify
Cons
  • Origination fee up to 8.99% taken off the top
  • Needs two years of trading and a 660 score
  • Takes a lien on business assets

Funding Circle at a Glance

8.5 Editor Score
True cost of borrowingThe APR, not the factor rate or the "fee" — we converted every offer to an annual rate on the same $100,000 over 24 months, and counted origination, draw and prepayment charges.
27/30
Who can qualifyMinimum credit score, time in business and revenue, and whether a personal guarantee or lien is required.
18/25
Speed & processApplication length, documents required, time to decision and time to funds in our tests of the public process.
12/15
Terms & flexibilityAmounts, term lengths, repayment frequency, and whether paying early saves you money.
15/15
TransparencyWhether rates and fees are published before an application, and how clearly the total repayment is shown.
13/15
Reader ratingNo reader ratings yet — not part of the score
–

Rubric v1: True cost of borrowing 30 · Who can qualify 25 · Speed & process 15 · Terms & flexibility 15 · Transparency 15. Score = Σ ÷ 10, locked Sep 11, 2026. How we rank.

Where to buy — prices checked Sep 11, 2026

Funding Circle — $0

Best priceVisit Site

Funding Circle specifications

Typical APR rangeAbout 15%–30% APR with fees
Amounts$25,000–$500,000
Minimum credit score660
Minimum annual revenue50000 USD
Minimum time in business2 years
Time to funds3–5 business days
SBA lenderYes, also an SBA lender
Publishes ratesYes
Personal guaranteePersonal guarantee and a lien

Why it scored 8.5

Funding Circle is the closest thing to bank pricing with online speed, and monthly repayment is a real advantage over the daily-debit lenders. The origination fee is the number to negotiate.

Where it loses

Origination fee; eligibility.

Still the right pick for

Established businesses borrowing to grow.

What owners say

No reader ratings yet. This block fills in from real submissions only — we never write, buy or generate reader reviews, and none of them touch the editor score.

Changelog: Sep 11 — rank 2 → 3 · all changes

Funding Circle8.5 · $0
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