What is Funding Circle?
Funding Circle is a platform that connects business’ who are seeking finance with the right people or organisations who will be able to assist them by means of lending.
Here at Wattsford Commercial Finance, we have access to a growing number of Peer to Peer lending platforms who will allow a company a more “transactional” approach to borrowing money. Directors have to offer up full personal guarantees although in some instances not all of the directors; the company has to have 2 years worth of accounts lodged at Companies House and a minimum turnover of £50,000 per annum.
This is a rapidly changing market and we can obtain unsecured funding for business purposes up to £500,000 (Funding Circle peer to peer lending – where we are Champion Partners) with loans taken over a maximum term of 60 months with rates starting at just 1.5%.
For more information on whether Peer to Peer Lending is right for your business please Contact Us today