Funding Circle reviews

Funding Circle

Funding Circle loans review

Reviews: 400 • Rating: 4/5

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Reviews

Oct 11, 2019
Ali

Funding Circle review

Returns from FC have been lower compared with other programs I've invested in. Although net returns seem to stay positive it's difficult tell where this may wind up following taking late loans into account (I presume most of these can end up as defaults). FC have made some significant modifications to the secondary marketplace of it so that if you would like to sell loans you must have a 1. 25% struck. If you're earning 7 percent 10, that is fine or you intend to invest for the long term. Unfortunately returns for the majority of investors seems to be much less than that. Many investors that have decided to market will be subject to this new selling conditions which seems unfair. The two Ratesetter and Assetz Capital have generated much higher returns for me personally. I would recommend Assetz Capital or Ratesetter if you are thinking about investing for your first time in p2p or moving to another platform. Both have generated solid returns for me and offer several products that have the benefit of a backup provision finance (Assetz Capital loans are also secured unlike FC which further reduces the risk to investors). Assetz funds now have a #150 bonus deal for new investors that invest #5000 for 12 months prior to December 7th. You can earn an extra # 50, by using the referral link below. This works out at 4% before considering investment returns (typically 5-8%). Therefore a year investment return of 10% is very achievable. https://investors. assetzcapital. co(dot)uk/lender/registration/? LenderReferral=FIH3Q8 Similarly, Ratesetter are offering new investors 100 if they invest #1000 for 1 year through the referral link below (10 percent before investment yields, likely 13-15% when including investment yield ). http://link. Ratesetter(dot)com/7N521J7

Jun 11, 2019
Paul Clarke

Funding Circle review

Investors bailing out, without any liquidity. In the previous ten days, its moved one day due to the chaos and anxiety surrounding this company, there is no investment money coming into the secondary loan markets, meaning the waiting list for sale is currently stagnant. As of today, investors who recorded their loans available on June 5th are now top of this list, however there isn't any sign that these loans will be marketed, so god help those of us who listed their loans after the 5th June. I am so sorry if anyone recorded their loans available July/August onwards but you will not be seeing your money. Sart withdrawing whatever you can because the loan payments come in and write the rest off. A P2P loans firm can't survive their loan book is much more toxic than ever, thus there isn't any possible way. We know our money isn't protected under FCA compensation scheme, thus we're on own. literally. Your money will be gone all investors stand together and fight with this debacle. I urge you all to contact the financial ombudsman urgently, a connection is on the FC website. Talk to newpapers, article on sites that are financial, contact TV Watchdog. Your more that take action, the greater the possibility of something happening. I don't actually understand what can/will occur, the reality is that the CEO will likely bail out and blame trading conditions/Brexit etc, however if we fight this today, at least assest may be frozen and they may be forced to refund to present creditors (us) before the administrators move in and we are left fighting over a few staplers and some post it notes. Do not delay, do something now to save your money!

Jan 10, 2004
S Ellins

Funding Circle review

I notice the majority of the reviews that are excellent are out of borrowers. Service has dropped dramatically in the previous year, although I has been happy with reporting the site and interest earned and invested with FC. They don't stand up to scrutiny. It is now apparent that due diligence has been completed. Some borrowers do not even pay the initial instalment. They are slow to follow up on payments that are late and have a softly softly approach to defaults that are collecting. It may be up to a year if a guarantor stops paying they do not even think it's worthy of remark and before they function a guarantor they rarely have any safety. I've asked for updates that were better many occasions and it's pointless. They do not think investors should be considering their money. When recoveries happen they're a fraction of the and despite claiming to followup and examine these obligations not one of my defaulted loans was followed up. Plus they will not discuss it. I decided to sell my loan publication and it was estimated to take a month, once I put it up for sale, it took 3 weeks and I am ringing them each day to try to make them transfer the cash elsewhere. My remarks are not unique and they are based in comparison to other companies doing a better job in curiosity, safety, collection, DD and communicating. Upgraded 24/10/19 If just Funding circle could be as quick to reply the emails that you send them since they've been to comment on this review. I have been waiting for a reply to an email about default mismanagement though they estimate. However avoid!

Jan 10, 2002
Bilmac

Funding Circle review

This is my second review of Funding Circle, the first one was not good either. I've received a email from FC that informs of a review of expected returns, the whole being dressed with floral reference to material that might be hailed as camouflage. I checked into my FC account just to find that things are getting worse. The return on capital has now been eroded by an ever rising amount of default option, which is currently operating at 57%. WHERE ARE THE GUARANTORS? The recovery rate on defaulted loans has now reduced even further to 0. 81%, WHERE ARE THE GUARANTORS? I made the decision to jump ship months back and am now guided by FC it could take up to five years to get out my money, WHERE ARE THE GUARANTORS? The fees that FC bill me to conduct the accounts are. My advice is gather your intellect to think seriously before you become involved, do your research faithfully and walk away when you've assessed all information that is purposeful. FC have some serious problems to address and that I wish them every success in their endeavours to get things functioning properly. They will need to find a grip on ridiculously reduced rate of recoveries as a matter of absolute priority and the ridiculously large rate of loan defaults.

Jan 11, 2003
Robert Evans

Funding Circle review

As an investor I find it impossible to feel I have been waiting to market #280 value of loans. It makes me wonder about their company's liquidity if they can't provide me access. I am completely aware that selling procedures are currently changing soon but all that will do is feed investors their money in dribs and drabs. This makes me wonder about the liquidity. I'm off permanently, After my investment is finally returned. *************Response to Funding Circle Reply ********************** Your reply is nothing aside from a typical cut and paste, which in itself is insulting. It tells me I do not already know while attempting to make your company sound good to people reading these testimonials. It will emphasise that as I suspected there is not enough money from shareholders to create this investment company a workable one for me. I get returns and endurance from other P2P investments that I use that strengthens my opinion that all isn't well at Funding circle. I won't be calling you to go over my investment with your team as I will wait for as long as it takes to get my investment back and then I will be away like a rocket to a run P2P company that is much better.

Jan 11, 2005
Stuart

Funding Circle review

DO NOT INVEST - the sale petition has not been completed and YOU won't GET YOUR MONEY OUT 10 days since my last review. It's currently 157 days because my request to sell all loan components. Its getting nearer to the December 3rd rip off of deducting just 1. Sale fee from each loan part sold. An we are supposed to feel that the 1. 25 percent goes to making the loan part more affordable for the buyer. Gee thanks . This wasn't in place until about 3 months ago, so those of us who asked our sale early will now not get the sum returned parts that are little as they maybe sell. PLUS we enter a'cycle' whereby portions of our loans being sold from those who request a sale on or after Dec 3rd who haven't been waiting. After 120 times we get dropped out of the selling procedure and need to ask it. There is not any info on how often your loan parts make it to the'top of the cycle', so if there are hundreds and hundreds of people requesting loan earnings and then all the loan components are blended into a single pot available, then you might never get anything sold in the 120 day period when none of you loan components makes it into the peak of the sale pile. BRILLIANT

Jun 11, 2019
Paul R

Funding Circle review

Over the last 4 months I have posted negative reviews specifically in regards to one of my 6 accounts, the 1. 25% fee for selling and the selling time looking in my account because I started investing with FC some 6 or 7 years back and accepting these these are the facts. Number of accounts 6 Gross interest #28250 Promotions #250 Fees # 3060 Defaults #12130 Recoveries #4560 interest #17884 Typical yield 5. The reason for the 6 balances is to limit my exposure at present I'm lending to 1672 businesses of which 129 are downgraded. Yes the point should you want funds desperately is a problem and only time will tell if this but 5 improves. When compared with alternative investment opportunities 83% is a great return. The 1. 25% commission is in fact a nonsense as nobody gains as when fresh investors market that they might have to pay the commission so its just the very small amount of additional interest that will be gained yet to old traders like myself it is a significant issue since it's going to be in excess of #450 if the sales finally undergo reducing the 5. 83% yield.

Mar 11, 2019
Chris Tune

Funding Circle review

I have utilized other peer to peer lending systems before and am investing not borrowing. FC is by far the platform I have used due to their lack of functionality, transparency, changes. On account of their record from the media and investment that was underperforming, I decided to pull out my money. They are advertising it's easy to market with no charges, but it has taken over 140 days and I don't have my cash, on when this will occur, with no projection. Now they've changed their policy to bill . 25%. ZOPA will process within days, using similar yields and a fee and a guarantee fund. If you contact customer support that they take a week to contact you and they write boilerplate answers without a commitment to any sort of resolution. This adventure has re-affirmed my choice to pull my cash. The point is, if they had been clear with a client service team which seemed to care or provide advice I'd have kept a few of the investment in there. From trying to market probably not Due to this follow. Others may have a fantastic experience, I haven't.

Jan 11, 2003
Max S

Funding Circle review

Months ago, I got a little worried about my investment with Funding Circle after some negative press so came on here to see great reviews from borrowers and awful reviews from lenders, mainly concerning the difficulty of loans and withdrawing cash. I put up my investments available and was given a quote of 90 days for these to be marketed. 90 days! So here we're 130 days after much. The selling period crept up till last week when they announced they cannot even give quotes, every few days! The most peculiar thing is, I want to sell the other half of my investment, but doing so would reset the counter and identification be back to square one. That part of the selling policy is unbelievable. They recently emailed me regarding a new selling poiicy which will kick into december to help share around loan sales so the lender receives a few (not all) money back sooner, but it still doesnt sound great. After asking it!?, and much more importanly, will I receive my money paid to me half a year

Jan 10, 2008
Alasdair Robertson

Funding Circle review

Really terrible. If the yields were promised to be 6-7 percent I spent money in 2017. Company after company the stage had allocated my money to went bankrupt. I have 84 debts from their 1000 loans that are approx. Even firms gave after just a few months A + or A ratings to have defaulted,. I was blessed in having done so a while have been in a position to draw most of it and tried to take out my money. But you can not sell loans that have a problem with them and at the last year or so even the ones you are able to sell take a long time to do this (such as 3-4 months). I have several #k stuck which I can't sell and/ or is. While I wait to get pieces and bits of recovery payments, I'm currently getting 3% and moving down. In summary, returns have been much worse than anticipated, if you would like to withdraw, Its hard to sell. I'd have been better off in a bond of some 27, if I wished to leave money tied up like this with these sort of returns. Certainly avoid.

Jun 11, 2019
Stephen Bryans

Funding Circle review

Signed up for FundingCircle at February 2017 and invested #10,000.

Returns were OK, but not worth the danger so in June 2019, took the decision so as to withdraw the money to sell my loans. Most platforms take a few days / week to launch your funds, so would strongly avoid using Funding Circle. They've decided that from December policies are shifting so the queue is reset after waiting to get to the front of the queue to market my loans. This system means that investors will get sums but will wait considerably longer to get everything back. They have now stopped disclosing selling times due to it showing it taking over 4 weeks to market. Customer Service is tricky to get through to on the phone, and email service give template replies. I realise that this inspection is not going up to assist with getting investors on the stage but thought it was important people are well informed. I've opened an official complaint, will update this review.

Jan 11, 2008
Heather Tebay

Funding Circle review

I entered the process of attempting to find funding with a not very healthy credit rating but with the aim of re-allocating funds inside my company to empower me to put processes in place to allow it to work better - with the ultimate goal of improving my credit rating! Rather than simply adopt the'computer says nah' mentality, Funding Circle were tenacious in approach. When I had to wait for accounts that were updated, they did not abandon me whatsmore, treated me as a human being each step of the way. Blaine was approachable, helpful and considerate, easy to contact at any query either by email or phone. I was really happy in the end to obtain the funding needed, albeit at a slightly higher rate of interest than I would have enjoyed, but I am glad I was treated as an individual not a number on a page and I can now move forward and hopefully review in a couple years time. Would recommend!

Dec 11, 2019
Rob

Funding Circle review

I have the portfolio of loans with borrowers who pay on time. This is don't listen to each of the investors that have posted negative feedback. The selling period is a few days and the client service at fundingcircle.com is excellent. Funding Circle do not change their terms and conditions anytime they want, they're an exemplary instance of a 21st fintech business should be run. Anyone who states Samir Desai is making it up as he goes along is bonkers, the man is a genius. If you want to double your money in no time, then, quite simply, today you merely have to commit your cash. To avail youself of this outstanding investment you need to copy and paste the following: http. fundingcircle. rg4399. / optimal #4 *// *Step 3 people who copy this connection will receive one days supply of wholegrain mustard Terms and condtions use and are subject to change at any moment.

Jan 10, 2001
Sbtris

Funding Circle review

Funding Circle (FC) is a great way to put your cash to work, however remember: 1) When your loans aren't doing great FC will take their cut ahead of your loses (i. e. they base it off your winnings and dont account of defaulting loans), so their yields arent affected by bad lending decisions which you have hardly any control over. 2) Their overview stats are (intentionally?) And don't present sufficient detail to help you gauge how things are trending. 3) DO NOT spend here if you need quick access to your money - it may take over 130 times to sell your loans where point you cant access your money. Further during this period you forfeit any interest (i. e. its free cash for them so not overly bothered about reducing this interval ). Personally, I've attempted several investment programs and many have higher yields and Have a fraction of time to get cash (ETFs)

Jan 10, 2004
Daryl

Funding Circle review

Following on from my review'lenders beware', funding circle kindly supplied a reply. In essence, they claim'we dont know what your yields will probably likely be' and'we dont know how long your money will be tied up' [my notice - about the evidence available to me, it might be up to five years in the time you choose to liquidate]. As it isn't possible to evaluate the merits of an investment it appears to me that investors are being mis sold this product as it is in reality a bet. It is my view that FC should put prominently on their creditors landing page the warning that'we dont know what returns you will get and we dont know when you will get your money back, if ever', ie this isn't an investment but a gamble. They should rename'lenders page''gamblers page' as it is more accurate

Jan 10, 2000
Andy

Funding Circle review

NOT WORTH THE RISK OR HASSLE!

- Investors with Funding Circle can access their spent funds in 2 ways: 1) Cease lending and access funds gradually onto the drip by needing to frequently log-in to the website accounts so as to request a withdrawal until a complete return is attained (loans are distributed over a five year period so be ready to wait!) Or 2) market your loans on to other investors at a 1. 25% fee! Purchasing the'conservative' option, which adds to A+ / A category borrowers, is now paying an approximate return of 3. 5 percent (after losses) so if you need access to a funds over a relatively brief time period the real rate of return will be closer 2. 25%. The question must be asked, is this real rate of return for its danger v return product profile worth it?

Dec 10, 2019
Tony

Funding Circle review

Company has been excellent recently, doubled in size, which means the wage bill has doubled to. Having to wait two weeks to get compensated for work places a huge strain on cash flow and also on anxiety levels. Banks put huge barriers in place which does not help when your doing well and enlarging , constantly hoping to push on Factoring down you throat. A day of searching for options, then filling out a form, being called inside an hour, and a sensible and comparatively easy application process, led over a sensible period of time with very little hassle. Stress levels dropped immediately and now able to concentrate on taking the company. I would recommend to any business looking for some support with expansion or new improvements. It has made my business life much easier.

Jan 10, 2000
Olesya

Funding Circle review

Be mindful if you're a borrower. They supply advertising that is false to suck you in in order to acquire your personal information. I had been told that based on also a credit that was soft along with all my advice attraction I was competent, then I was declined and received a letter stating that the main reason was my credit, even though it is still higher then what they advertised. Your file is shared by them with party sales companies as I found out so be aware. I have asked to be removed from calls or any future mailings from this provider. Whats more amazing is that my firm has been in business for 7 decades and my revenue is around $700000 this past year. Horrible experience and undoubtedly deflating.

Jan 11, 2019
G Havard

Funding Circle review

Business issues are a concern and to get our hands on some cash quickly was paramount to our success that is continuing. The funding circle was recommended to me and after some research I contacted them. They explained everything to me and had been helpful. Any questions I requested they were able to provide a response to me that I understood. We went through what we worked out a figure and wanted in order to get our company thriving again we could afford to repay. The cash was offered. It took under a week for funds to arrive in our account. We're extremely pleased and would 100% recommend that service. What's more is that we own our business all so a win win situation. Thank you FundingCircle!

Jan 11, 2008
Richard

Funding Circle review

After seeing their"projected returns" drop and drop, I determined that Funding Circle wasn't for me. I put my loans up available - it was going to take a time - that's OK, I knew this wasn't a liquid investment. But as it sounds my loans might be reaching the front of the queue, their terms unilaterally change so that I will be charged an additional fee to sell them! In a stroke that's going to wipe out 17% of my return, in addition to the 19% that goes on fundingcircle.com's fees. Rather they forced it on everyone, although I could know offering this as an choice to incentivise a sale that is quicker. A sign of desperation from a company, and also unfair that's clearly got huge issues.

Jan 10, 2008
Neil

Funding Circle review

This firm are pleased to take cash to make investments. However, now I chose to withdraw #500 in my account with them - which is in a"holding account" - rather than given by them to some company, therefore it is money just sitting there and they've refused to pay it back. I had the same argument with them last year. They are perfectly happy to acknowledge the money is mine but flatly refuse to pay any of it back to me. Wonder if that is the first indication their business model is failing? Be careful if you choose to invest in FundingCircle - they aren't covered by the FCA compensation scheme - and are continually refusing to return funds to their investors.

May 11, 2019
Bryan Kirkpatrick

Funding Circle review

I found the entire process really re-assuring and simple that the funding circle were there to help. It can be quite difficult as a new business to get the understanding that is needed that will help you advance things. I am aware that the interest rate is higher than what you might source at a bank but you have to realise that this platform can also be currently putting a leap of faith in my company. This is actually the second time I have used the funding circle and due to our first experiencetime round the lending terms were much better. Looking to the near future that is my first stop off for future plans. My funding contact Tarun was outstanding

Apr 11, 2019
Dr J Jenkins

Funding Circle review

I have had the answer from Funding Circle below (thank you for that) concerning the loan components set up available on 8th June! Yes 8th June this year! ,165 DAYS AGO! But essentially says. No charge, if after loyal investors need to pay the 1, if sold before 2nd December alright. 25 percent to new investors. Basically because FC are using investors to lure with 1. 25% additional. This change in their T &C's is legal and will n doubt be challenged. They are trying to get me to talk to their service staff, as you can also see. Quite simply don't make this particular pubic. There is one way of doing that and that is GET MY LOANS SOLD. NOW!

Jan 10, 2005
Anthony Edge

Funding Circle review

This is actually the second time applying for funding As well as the experience that this time was not great. Lots of Delays since the case manager I worked with was on vacation for a couple of days and when he did return for information two times it had been 16:00 and it was advice. Had he'd informed me early in the morning we could have easily got the information rather than being required to burden a day both times, that he required the day. Also interest and the fees were high and I don't think that they were a true reflection of our situation. The reason I utilize funding Circle is they just call for a certainty that is personal.

Jan 10, 2007
James McConnachie

Funding Circle review

Are the reviews imitation. On the most recent'Watchdog Live' program, which was examining rogue fund companies. The program emphasized finance schemes that were BLACKLISTED by the FCA, the case of 2, currently working nevertheless still attained 5 star ratings on Trustpilot. The program added that Trustpilot reported that probably 50% of the testimonials were'imitation'. ,,, as they are with FC. I was convinced to invest from the high ratings on TP in FC. The companies who accumulate the testimonials pay trustpilot. If this review goes live I doubt it'll survive for long before being discounted by TP.

Jan 10, 2005
Nick Rotheram

Funding Circle review

I visit FC are currently flooding the board from borrowers with favorable testimonials, 99 computer of these. Trustpilot need to seperate borrowers and creditors testimonials. FC is in all sorts of trouble. They've leant to inflate their IPO valuation, making investors at unfavorable losses and the founders rich. As I saw the defaults mount up, fortunately all funds have been pulled by me. Stated retrieval for bad debts has gone 40 computer, from 50 pc, now 30 pc. Its computer as their business model can't afford to employ. Please please avoid as an investor.

Jan 11, 2005
Nick Upson

Funding Circle review

I can see why the share price has tanked as investors such as myself need to wait a large amount of time to get their money back. I've been waiting since June 17th. Appears like a Ponzi scheme. If you would like your money back 9, investors beware. I'm passing 5 months today. It resembles the scheme is shifting which will mean people in the queue for ages will have a continued wait till they receive their money. Who wants their cash? I stand corrected if wrong. The business are nice to deal with that's a plus.

Dec 11, 2019
Mark Tibbenham

Funding Circle review

Completely blown away by the professionalism, responsiveness, ease and speed of applying for financing from Funding Circle. The folk at FundingCircle make it private and fine and I was left with the feeling they do care about my business. Our loan assessed has been assessed and granted in a very short space of time. The funds are presently in our account. I would urge any SME to check with FC to their funding requirements. It had been a experience. My sincere thanks and compliments to the FundingCircle Team.

Nov 10, 2019
Mark

Funding Circle review

I rate Funding Circle. Anybody who has ever borrowed from a High Street bank knows how painful it could be and that's if they'll lend you anything in the first place (it feels like banks will only look at giving you money if you don't really need it!) . Funding Circle are distinct. They're amazingly quick and extremely straight forward. I believe my account was being about a week from 1st contact to this cash hit by this loan. Both James and Sarah were quite professional and responded to some queries super!

Apr 11, 2019
Mr David Brindley

Funding Circle review

As a few other reviewers 150 days past I have been trying to market my loans since 7th June and if they are not sold before December 2nd I might have to pay 1. 25% to get my cash back FC cannot say what the worth of the capital that are released will. They say luck you should have known it'd take a long time to market and we cant tell you how much it's going to be If I ever get my money back, what when I contact them. 25% also defaults and charges I will be lucky if I create 2%

Jan 10, 2009
Mr Smith

Funding Circle review

The business has gone down the pan. Direction also have taken their eye of the daily and have been rewarded handsomely. Returns are woeful - my trailing 12 month return is MINUS 1. 2%. All they tell you is you and email the client service've been unfortunate. The characters they quote on their website are plain incorrect and totally misleading. It's a process although I am slowly withdrawing funds. I would NEVER trust this lot ever again with any of my hard earned money

Jan 11, 2003
Mr Ceserani

Funding Circle review

I have used Funding Circle as a place to put my savings and they WERE excellent, however they seem to have outgrown themselves. I am struggling to do something as simple as set a new bank account to extract. The submission forms on the internet site are uncertain and they reply to emails nor do they answer the telephone based on my two days experience. I believe their usefulness has been outweighed by them and I would no more recommend anybody to invest in them.

Feb 11, 2019
John

Funding Circle review

I wrote a review complaining about the delay in transferring my ISA. The move was authorised at the beginning of June. Only a small percentage was released. I'd ISAs using Zopa and Ratesetter which were transferred to Vanguard over two/three months in fullin June. I am getting concerned that investors will avoid F C because of this matter and my move could take. I know that P 2 P is not an access investment but it shouldn't take long to transfer the ISA.

Jan 10, 2005
James

Funding Circle review

I wasn't sure what to expect when looking into additional finance for our business but James S and the fundingcircle.com team were great and happy to help with any information and talk us through the process. Even though the process took a little longer than expected James S managed to supply support and the assistance required and kept us up to date with progress as the process moved along. Thanks to James S and the staff involved with our application.

Jan 10, 2001
Neil Richardson

Funding Circle review

What I thought is a stressful and complicated process proven to be the specific opposite! Key to the whole process was our Funding Circle account manager Em Cockshutt, who helped guide us and was always available to speak to and replied to any emails we sent. Overall our fundingcircle.com experience has been first class, thanks in no small part to Em, and the loan has been agreed in a couple of days of application. Our company and thanks thanks you!

Jan 10, 2000
NewtonHC

Funding Circle review

When the selling procedure that is new comes in on December 2nd, I have been trying to sell loans/get back my money for 124 days. Then I confront the double-whammy of a) being treated the same as somebody who logs in on December 2nd and decides to market and b) be hit with this 1. 25% fee. With a present rate of return of 5 percent, this is very likely to knock 25 percent of the real returns I get. And that is assuming everything sells. AVOID.

Sep 11, 2019
Mark

Funding Circle review

STEER CLEAR I have been a Funding Circle investor. Initially they were a honest business. Step by step they've altered this, each time making investors things. Now you would need to be brain dead to invest with fundingcircle.com. I've been attempting to get my money back for four weeks, and today it is apparent that my only hope is that it will be returned in dribs and drabs. And to add insult, I visit lots of clearly false testimonials here.

May 11, 2019
Louise W

Funding Circle review

Sandy kept in contact with me and was beneficial, and she pulled off it over a day and in just a week and felt very well educated when I needed to alter the loan request. I didn't have to change equipment and take time out from running the day to day of the company too much at all, which can be critical once you're in charge of a little company with momentary cashflow problems. All in all this is a great service and I recommend Funding Circle

Jan 10, 2007
Steve Close

Funding Circle review

First contacted fundingcircle.com about a business loan on Friday morning. I was allocated an account manager. He kept me up to date on progress during the steps and always was professional and very personable throughout the entire process. The result was that the funds that are requested were in our lender on the following Friday morning, just five business days. Very pleased with the interest rate and the all round support that was great.

Jan 10, 2008
Mark

Funding Circle review

After being made to wait more than two weeks by high street branch to get an answer on a business loan I was recommended to try Funding circle. With Phillip we had from the very first telephone call that is honest he let us know what options we had, and also pleased to say that inside a WEEK we had the funding requested. Service was fast and somebody always available to help out! Would anybody needing funding to 100% consider FundingCircle!

Jan 10, 2009
Patrick

Funding Circle review

Show me someone who claims applying for a loan is pleasurable and I'll show you a liar. Show me a business that has thought about the consumer experience, and it has set out to ensure it is positive, and I'll show you fundingcircle.com. Screening, underwriting and due diligence still central to the process but a helpful - and - fair - attitude goes a long way in these online occasions. Thanks for timely and hand-holding answers to Phillip.

Jan 11, 2004
RajPatel

Funding Circle review

Very professional and valuable. The week after applied for financing on Friday and the funds were transferred into my account by Thursday. Very helpul account supervisor (Tarun) who actually listened and understood my business to make this funding successful. I believe me and am now able to expand my organization it's so much more easy running a business with no strain of what ifs. Thank you funding circle for assisting my organization.

Jun 11, 2019
Martin Williams

Funding Circle review

Been selling for 10 months now and have around #3000 invested which I can not record for sale. My losses within the previous 2 years are after recoveries about #7600 and also the #3000 that will be defaulted so down #10600. That is from an investment of around #120000. Recoveries are arriving in stable at around #150 to #180. So if I'm lucky I just could get my cash but I hope that will be run out before by all chance of recoveries.

Jan 10, 2002
Graeme Harper

Funding Circle review

Applied for financing from Funding Circle and 12 days later the funds were in our accounts. The entire process was fast, friendly and we were kept up to date at every stage of the procedure. James our contact at the fundingcircle.com was very helpful, let's know what happened at every point and did everything he said he would, and proactive. Could not have been easier to take care of. A procedure. Delighted with the results.

Nov 10, 2019
Wendy Jones

Funding Circle review

I made an online enquiry afternoon and received a call back almost immediately. By Wednesday afternoon our loan was agreed and I was sent the documentation I needed to finish. This was returned Thursday morning and the loan funds were in our bank accounts morning. The rate provided and fees were excellent. What an incredible experience. Banks cannot compete with this level of service. Done Funding Circle and thank you!

Aug 11, 2019
George Dawes

Funding Circle review

Waste of time, keep emailing me personally, I use, they turn me down. I'm a customer, never having defaulted over many decades despite having them and an existing loan telling me, always paid on time Irrespective of what their financing standards are. Beyond me Thx for your auto reply, looking at other reviews appears you're in a spot of trouble. Hope it turns out okay. Hope I have no problems in the future with my loan.

Jan 11, 2019
Jonathan & Catherine Hurst

Funding Circle review

Loan accepted all employees, with no hassle were helpful and quite pleasant and answered. We're only a small business and not very up on specialized jargons, programs and the like, so when my printer and me could not get the specifics scanned in correctly, I resorted to proceed old Royal Mail and submitted information, and this was acceptable when previously I have understand it to not be. Thank you for bearing with us.

Jan 10, 2002
P J Rutherford

Funding Circle review

Do not feel the figures revealed for investors Truth taken in my ISA account Interest gross #1094. 50 Fees #104. 77 Defaults #682. 23 Retrieval #6. 25 474. 18 (Most about to default) Loss #139. 57 Time to sell loans accessible to sell at the moment and climbing! If loans processing on sell date unavailable to market so go to back of queue and then wait for another 130 days and extending by 4 to 5 days weekly.

Jan 10, 2007
Nina Lockwood

Funding Circle review

From the very first call, Kate McCarthy made me feel like a welcome'customer' of Funding Circle; she was positive and engaged throughout our interactions as she said it would promised, and everything happened. What a contrast to my experience with the business, where I've been made to feel like an inconvenience! I would highly recommend Kate as an Account Manager, and Funding Circle as a business partner.

Jan 10, 2000
Helen N

Funding Circle review

I am an investor. I pioneered the sale of my loans on 13th June, four and a half a year ago. I've found out today that the stipulations of my sale will probably change, and is subject. 25% commission. I expect to generate an overall loss when I eventually can sell after factoring in defaults, handling fees and this fee. Any investors, please read this as a cautionary tale and place your cash elsewhere.

Funding Circle Business Loans

Funding Circle is the UK's leading small business loans platform, where people and organisations can lend directly to small businesses. To date we have facilitated £4.2 billion worth of loans to UK businesses. Helping the economy to grow, businesses can access fast, fair and transparent finance, and investors can earn attractive returns.


Website:
fundingcircle.com


Contact:

800 048 2467