Banks have largely pulled out of small business lending over the last few decades, leaving millions of small business owners without access to the financing they need to grow, hire more people and support their local economies. According to US Treasury Secretary Jacob Lew, each workday more than 8,000 American businesses fail to qualify for a commercial bank loan.
Using cutting-edge technology to cut out the middleman, Funding Circle connects supply directly with demand for a fraction of the cost, creating a transparent marketplace that gives small businesses access to fast financing with transparent and fair fee structures.
Since 2010, Funding Circle has helped investors lend $1.5 billion to 12,000 small businesses in the US and UK—from a veterinarian in California to a historic old movie theater in Florida.
Twitter ID: @FundingCircleUS