Back | Funding Circle

in 2010 Andrew Mullinger, Samir Desai and James Meekings created Funding Circle and it is brilliant for alternate income.

Funding Circle has been in business since 2010 and is a lending marketplace that allows investors to lend funds directly to SMEs. Funding Circle was the first business to allow peer-to-peer lending for businesses in the UK and now operates in the Netherlands, Germany, US & UK. Funding Circle has facilitated over £5 billion in loans to SMEs as at June 2018.

The normal Return on Investment can be up to 8.1% which is better than many Hedge Funds. The way they handle defaults is a lot better than some banks. When a lender defaults, Funding Circle will reduce the payments allowing the borrower to recover. Often the business is able to return nearly all of the money lent.

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