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Funding Circle are now accredited under the Governments CBILS scheme and we have been chosen as one of the few intermediaries who are able to offer the facility.

The CBILS facilities have the following benefits:

  • No repayments for 12 months
  • Businesses pay no fees to take out the loan and no interest for the first 12 months – this is covered by the government
  • All loans will have an APR below 9%
  • Businesses can borrow between £10k-£250k over 2-5 years
  • No personal guarantees required
  • We have the technology and expertise to give a fast decision – typically within 24 hours

To qualify for a Funding Circle CBILS loan you must meet the following criteria:

  • UK-based business that’s been adversely affected by coronavirus
  • Turnover less than £45m
  • 3 years trading history
  • Mainly UK trading and activity
  • Over 50% of turnover from trading activity (e.g. not from investments)
  • Loan is for business purposes
  • Loan primarily for trading in the UK

Their application portal has been streamlined to make the process simpler and faster from enquiry to offer.

If you would like to speak to us about an application for your business please get in touch here