Funding Circle provides an online marketplace that enables individuals and businesses to lend directly to other small businesses. Avanti is a registered introducer and is able to assist with the process.
Funding Circle now offers unsecured loans of between £5,000 and £1 million over one, three or five year terms. The loans are based on a fixed rate with a monthly repayment plan. Average interest rates are between 7.1% and 9.4%, depending on the calculated risk band.
Borrowers must be owners of a small business that have been trading for at least two years in the UK, with a minimum annual turnover of £100,000.
Further details are available at www.fundingcircle.com