Funding Circle Reviews - www.fundingcircle.com

★★★★☆
4.3 / 5
91
84% of users recommend this
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Latest Reviews

★★☆☆☆

“Let down”

Written on: 27/07/2015 by Matpat (1 review written)

Got loan approved answered all info required got loan account set up and scheduled said yes to extra work then get email saying cant lend now got to ring customers and tell them cant do work… Read Full Review

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★★★★★

“Simmply Brilliant”

Written on: 19/07/2015 by TobiasBowman185 (1 review written)

This was a seamless and the most straightforward experience of funding in my 45 years in business… Read Full Review

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★★☆☆☆

“Lot to be expected”

Written on: 04/07/2015 by ChristopherHoover (1 review written)

There is lack of transparency and information given when the loan is being applied for. New information comes to light as we go along which is not the way a good lender should be. All terms and conditions should be properly shown and informed before the loan applied for goes on the platform rather than being given a situation where it is too late to back out or for the borrower to be fully aware of what he is putting his hand into. The methodology of fixed rate platform is still very unclear… Read Full Review

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★★★☆☆

“beware of lending large amounts”

Written on: 17/05/2015 by Zarag255 (1 review written)

i am lending over 300,000 pounds and the FC computer can't give me my transaction statement details electronically in the later stages of the month.they do email but this is not what i expect from a peer to peer lending organisation… Read Full Review

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★★★☆☆

“falling returns”

Written on: 15/05/2015

I've invested a relatively small amount and am glad that I didn't put more in, as returns are gradually falling significantly due to defaults on payments. This seems to be happening more and more - may be due to using Autobid, which I plan to stop using. Return rate is still more than most other investments and I like the principle of peer to peer lending, but don't believe the return rates they quote - mine is now 4.1%, having been considerably higher. Website is very easy to use and… Read Full Review

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★★☆☆☆

“Not for Start up”

Written on: 07/05/2015

Called to inquire about a loan for my company that has been established for 2 years now. Just need some cashflow assistance to get to break even. I was told that they only look at helping you out once your company has shown profit for about a year, which makes this no different from the banks, does it? Disappointed, after all the hype that was given on the website, which I feel now is a little deceiving. … Read Full Review

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★★★☆☆

“high investors beware”

Written on: 20/03/2015 by simonbolivar (1 review written)

in june 2014 i had about 330000 invested in FC.i didn't get my transaction details over the last few days of june july august and september.i was told repeatedly that the tech team were doing all they could to rectify the problem.oct nov dec jan were OK.in feb my money in FC hit about 280000 and the transactions again became unavailable to me on my computer at the end of the month.i am computer dense,but it seems that my selling was more important than FC efforts … Read Full Review

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★☆☆☆☆

“slow, cumbersome process”

Written on: 14/12/2014 by 283Cochrane (1 review written)

After waiting three weeks, finally got an answer to my loan request. Actually did not make a lot of sense. Had better experience with banks… Read Full Review

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★★★★★

“Fast efficient service”

Written on: 30/11/2014 by RBaxter (1 review written)

Application process very simple. We submitted our application on 17th November. Email communication from that point was very good, with email confirming that no further information was required from ourselves, further email to advise our case had been submitted to the underwriters and an indication of when that process would be completed & finally an email to confirm the application had been accepted and the funding auction process would commence. Thereafter, the website indicates funding… Read Full Review

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★★★★☆

“it works so far”

Written on: 24/10/2014 by AimeeRoss75 (1 review written)

I have put into funding circle over 50K and have not yet had one default or bad debt. Maybe i am one of the lucky one's, i never lend a company more than £100 exept 4 property developers where i have lent £500 because of the 2% cashback. If i do sell loan parts they allways go in a day or two if you do not add a premium. I do not use auto bid i chose my own that way you get a better return and can check out the company first. The only complaint i have is that FC take too long about informing… Read Full Review

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★★★☆☆

“Lower than expected returns”

Written on: 21/10/2014 by MarianaDriscoll132 (1 review written)

I have been using FC for two years now and have noticed a change in returns due to bad debt and defaults, previously i was averaging 6.2% but never any higher now i have calculeted that the average has dropped to around 4.9% Still better than the High St. Bank but rmember it is not so fast to sell loan parts and get your money back if you need it in a hurry, this is probably good for people who invest small amounts and can keep it in for 3-4 years, remembering you really have very limited… Read Full Review

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★★★★☆

“Helpful staff”

Written on: 28/08/2014 by BaileyMorley (3 reviews written)

Business Loans were not that easy to borrow but Funding Circle make them very easy to borrow, their rates are very low and easiness on returning. staff are friendly and helpful… Read Full Review

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★★★★★

“Life Changing Help for a Small Business”

Written on: 31/07/2014 by nikit (1 review written)

We are a small infrared thermography business working with many of the larger commercial building surveyors in the UK. We have been trading for 4 years, with growing turnover year on year. However, we are still really struggling with our cashflow, as 90% of our clients don't pay us for 120 days as standard. We received a letter from Funding Circle - and it was definitely a case of right time, right place. I had never heard of this type of borrowing before, so I called to find out if we would… Read Full Review

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★★★★★

“Fantastic and quick Funding my accountant loved it.”

Written on: 31/10/2013

We have got to a point in the business where we needed funds to maintain our rapid growth. To achieve this we need to open more outlets around the UK but did not want to endure the rigor of dealing with the banks again and felt good that the returns on our borrowing will be benefit normal people most likely been left short of a pension due to terrible interest rates and the demise of the financial system 5 years ago. The Process was extremely straightforward as I had all the details to hand… Read Full Review

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★★★★★

“Quick, easy and a good rate!”

Written on: 24/10/2013

We got our £50K loan quickly and without much fuss and the rate was competitive. The overall process we easy to navigate and the money has now pushed us on to the next level and our turnover is over 50% up already! We're already thinking about coming back for a 2nd loan! Thanks!… Read Full Review

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★★★★★

“Fast, Fair, Fabulous”

Written on: 23/10/2013

Second time I have used this service and it just gets better and better. I have raised a working capital loan from the bank but it took over 3 months to complete. 18 months ago I tried my first business loan and it was completed quickly so when that loan was paid, I raised a application for another business loan for my expanding business The email response was rapid with clear and helpful instructions. The application was simple and literally within 2 days from application, my new business… Read Full Review

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★★★★★

“Better than a bank!”

Written on: 21/10/2013

It was easy to apply for the loan. We could complete the application form at our own time and pace.The Funding Circle staff were helpful, informative and encouraging. We were kept updated at all stages of the procedure by email so it was quick and convenient. It was interesting to be able to track the auction live on the internet and to be able to answer investor's questions as they arose… Read Full Review

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★★★★★

“Amazing concept amazing service”

Written on: 21/10/2013 by Clickforgames (1 review written)

Really good experience throughout the process. I love the idea and would recommend to businesses and investors alike. System is easy to use and the team at Funding circle are really helpful… Read Full Review

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★★★★★

“Outstanding”

Written on: 18/10/2013

This was our first use of the system, it was smooth, easy to deal with and the back office process was seamless. Have already started to discuss this with our clients and will be recommending wholeheartedly as time moves on. If only all lending was like this!… Read Full Review

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★★★★★

“As good as it sounds”

Written on: 16/10/2013

Cut the banks out of the deal! Funding Circle is one of those ideas that everyone I tell about it gets instantly and wants to try out. As a business in need of funding it is easy to use and a much better deal than anything else on offer. As a lender it must be about the best thing you can do with cash on a medium-risk investment. My only criticism is that they could extend the risk profile a bit further down the scale to lend to riskier businesses with appropriate caveats. They need the money… Read Full Review

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