Established in 2010, Funding Circle lends money to small and medium-sized businesses across the UK. So far, about 43,000 people have lent more than £800 million to British businesses.
Funding Circle does not have a provision fund.
Funding circle's experienced credit assessment team review every application and only allow established and creditworthy businesses to borrow through Funding Circle. However, it’s important to remember that some businesses will not be able to fully repay their loan. That is called bad debt.
*The current estimated return is a weighted estimate of the annual return after fees and bad debts that investors could earn from lending money to businesses seeking loans today. It is calculated by taking the gross interest rate less fees and estimated bad debts that will occur in the future for each of the last 3000 loans accepted on the marketplace. The average return is weighted by loan amount, compounded and before tax.