Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_562665100
November 28 2019

Funding Circle US launches new borrower feature

Suzie Neuwirth Global News, News Bernardo Martinez, Funding Circle US, Small Business Choice

FUNDING Circle has launched a new feature for borrowers in the US, to give them more choices over their loans.

The peer-to-peer business lender’s US division has unveiled Small Business Choice, which provides borrowers with three loan options with different terms and rates, after a successful loan application.

The feature is being rolled out to all new and existing applications after an initial pilot programme.

Read more: Funding Circle US hits $2bn milestone

The loans directly outline the total loan amount, term, rate and monthly payment.

“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.”

Read more: Funding Circle US partners with payment firm Stripe

Funding Circle US is a founding member of the Responsible Business Lending Coalition and signatory to the Small Business Borrower Bill of Rights. The firm says it is committed to providing convenient and transparent financing to small business owners that have traditionally been underserved by traditional lenders.

Funding Circle launched in the UK in 2010 and expanded into the US in 2013. It also operates in the Netherlands and Germany.

 

LendInvest names new head of accounts to boost buy-to-let market share Lending Works reveals rate reductions to boost contingency fund

Related Posts

Bag with money and word Pension and up arrow with coins. Increase pension payments. Saving money, retirement. Future investment. Accumulation of pension contributions. Loan portfolio growth.

Industry News, News, Personal Finance News, Top 3

Which P2P platforms offer SIPPs?

Repossession word cloud

Industry News, News, Personal Finance News, Top 3

FCA confirms that consumer repossessions will resume as a last resort

Manchester Skyline UK

Industry News, News, Top 3

London, Manchester and Cambridge have the ‘perfect’ tech ecosystems

Popular posts:

  • Everything we know about the CBILS successor scheme (so far)
  • Banks begin freezing accounts suspected of bounce…
  • RateSetter outlines benefits of debt consolidation loans
  • Peering into the crystal ball: Industry predictions for 2021
  • LendInvest bond value lost £5.8m during pandemic
  • Losses narrowed at Lending Works before Intriva takeover
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by