What is the Coronavirus Business Loan Scheme.

The Coronavirus Business Interruption Loan Scheme is a government initiative to help small businesses affected by coronavirus to access finance. As Funding Circle is an accredited platform, you can apply for a loan online with us.

To make the loans more affordable, there’s no repayments for the first 12 months. You won’t be charged interest during that time or need to pay a fee to take out the loan, as the Government will cover this for you. If you want to settle the loan early, there’s also no fees for full early repayment.

OInvestment through Funding Circle involves lending to small and medium sized businesses, so your investment can go down as well as up

Benefits of Coronavirus Business Loan

Nothing to pay for 12 months.
No early settlement fees
Rates between 1.4%-8.9% APR
Decision typically in 24 hours
Fixed 6 year terms
Borrow £50,000 to £5,000,000

Apply for Loan