There are many funding options out there, so it’s important to find the right type of funding for your business. Funding Circle help established businesses of all sizes take their next step, whether your next goal is to boost your cash flow, refurbish premises, buy new equipment or hire additional staff.
Funding Circle helps businesses grow and prosper through helping them access fast and flexible finance. Since launching in 2010, more than £2.5 billion has been lent to over 26,000 UK businesses.
How it works:
- Fast process – apply in as little as 10 mins, and typically get a decision in 24 hours
- Flexible source of funds – unsecured loans up to £350k, secured up to £1m
- No early repayment fees – and if you pay back early, you only pay interest for the time you’ve borrowed
- You choose the term – from 6 months to 5 years
Want to know more?
Contact us and we can put you in contact with a Business Adviser who will take you through the process.
Goss Mini Skips, Midhurst
Godfrey Dudman established Goss Mini Skips in Midhurst in 2011; to service the needs of local residents and businesses.
In 2015 he had to relocate the business. The land acquired did not have the relevant environmental permit and it subsequently took 2 years and £18,000 to obtain. This ate into cash reserves and had a knock on effect on business profits, as it was costly having to pay other sites to take the waste. Once the permit came through Godfrey realised that he would need to borrow some money to finish the site, buy more skips and invest in some promotion.
Whilst his bank were willing to help and offered a reasonable interest rate, he said they ‘made the process too complicated’. They wanted to secure the loan against his property which meant paying £1,500 in order for them do a valuation of his house. He told us, ‘that all seemed rather unfair and unnecessary, in view of our long established track record’.
‘I contacted Julie at Enterprise First, as she has helped before and always made things easy. I wanted to find a reputable business lender which could provide the finance without making me jump through hoops. There are many on the internet, but you don’t know how genuine they are. She introduced Funding Circle and arranged for them to contact me. After speaking with them, they made the process much simpler and were able to provide a decision quickly. The interest rate was reasonable and they didn’t want security over my house, so I didn’t have to pay extra. The money was in my account within a couple of weeks and is allowing us to move forward with our business. I have plans to expand in a few years’ time and would definitely consider Funding Circle again.’