• December 14, 2019

Funding Circle US Launches Small Business Choice, Providing Interest Rate and Loan Term Options to Small Business Owners - Odessa American: Business

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Funding Circle US Launches Small Business Choice, Providing Interest Rate and Loan Term Options to Small Business Owners

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Posted: Wednesday, November 27, 2019 8:48 am | Updated: 9:17 am, Wed Nov 27, 2019.

SAN FRANCISCO--(BUSINESS WIRE)--Nov 27, 2019--

Funding Circle US, the leading small business loans platform, today announced Small Business Choice. The newest feature of the Funding Circle US loan platform provides borrowers with three fully approved loan options with different terms and rates to give small business owners the flexibility to find the loan that best fits their needs.

“At Funding Circle, we are committed to the best customer experience, which includes creating flexibility for our borrowers,'' said Bernardo Martinez, Managing Director of Funding Circle US. “Traditionally, deciding on what loan terms are best can be hard for small business owners, but Small Business Choice offers a straightforward way to pick the right loan for them.”

Under Small Business Choice:

  • Loan options are suggested after being completely underwritten by Funding Circle. Borrowers are fully approved for all three options.
  • In line with Funding Circle’s global commitment to transparency, offers are presented in a straightforward way over the phone and in emails that directly outline the total loan amount, term, rate and monthly payment.
  • The feature applies to all small business owner applicants, including existing borrowers, at Funding Circle US.

As a founding member of the Responsible Business Lending Coalition and signatory to the Small Business Borrower Bill of Rights, Funding Circle is committed to providing convenient and transparent financing to small business owners that have traditionally been under-served by traditional lenders. Our term loans are unique in the industry in the disclosure of their terms, while providing consistent, predictable returns for investors. For more information about the Small Business Borrower Bill of Rights, click here.

About Funding Circle

Funding Circle (corporate:fundingcircle.com) is a global small business loans platform, connecting businesses who want to borrow with investors who want to lend, opening up the small business asset class for the first time, in the UK, US, Germany and the Netherlands. Since launching in 2010, investors across Funding Circle's geographies -- including more than 90,000 retail investors, banks, asset management companies, insurance companies, government-backed entities and funds -- have facilitated fast, affordable business loans totaling $10.2 billion to 72,000 businesses globally. For more about the business, please Funding Circle US statistics here.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191127005431/en/

CONTACT: Media Relations

Joe Rauch

pr@fundingcircle.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Funding Circle US

Copyright Business Wire 2019.

PUB: 11/27/2019 09:48 AM/DISC: 11/27/2019 09:48 AM

http://www.businesswire.com/news/home/20191127005431/en

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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