TL;DR
Funding Circle ranks #32 in our 2026 funder ranking. Best for established merchants (24+ months, 660+ credit, $25k+/mo revenue) who want predictable monthly payments and apr-transparent pricing instead of mca factor-rate structure. The strength: Term loan specialist — 6 month to 7 year terms with fixed monthly payments. The watch-out: Higher credit and TIB minimums (660+, 24+ months) exclude newer or distressed merchants.
Funding Circle rate card 2026
| Category | Term + LOC |
| Best for | Established merchants wanting longer-term term loans (vs MCA) |
| Amount range | $25,000 – $500,000 |
| Cost (factor / APR) | APR 11.29% – 30.12% (fixed term loan) |
| Speed to fund | Funding in 1 – 3 business days after approval |
| Min time in business | 24 months |
| Min monthly revenue | $13,000 |
| Min credit score | 660+ |
The strength — what Funding Circle does better than anyone
Term loan specialist — 6 month to 7 year terms with fixed monthly payments. APR-disclosed pricing (much more transparent than factor-rate MCAs). $20B+ originated globally. Strong fit for merchants who don't want daily ACH or factor-rate complexity.
The watch-out — what Funding Circle doesn't put in marketing
Higher credit and TIB minimums (660+, 24+ months) exclude newer or distressed merchants. APRs at the high end (25%+) can still exceed some MCA equivalents for shorter durations. Origination fees 3.49% – 8.49%.
Who Funding Circle is best for
Established merchants (24+ months, 660+ credit, $25K+/mo revenue) who want predictable monthly payments and APR-transparent pricing instead of MCA factor-rate structure.
Who shouldn't apply
Merchants with less than 24 months in business will get an automatic decline — try Accord (3 months) or Greenbox (6 months) instead. Established multi-location operators may get better terms at OnDeck or NewCo Capital Group. As with any MCA decision, the cheapest money is the money you don't borrow — start with the calculator at /calculator to see if the deal you'd take from Funding Circle actually makes sense.
How Funding Circle compares to the rest of the top 10
| Funder | Category | Cost | Speed |
|---|---|---|---|
| Funding Circle (this funder) | Term + LOC | APR 11.29% – 30.12% (fixed term loan) | Funding in 1 – 3 business days after approval |
| Credibly | MCA + multi-product | Factor 1.11+ (MCA); APR varies for term + LOC | As fast as 4 hours |
| Greenbox Capital | Multi-product | Factor varies; published up to 19% ISO commission | 24 – 48 hours |
| Accord Business Funding | MCA specialty | Factor varies by paper grade (often 1.40+) | Next-day for approved files |
| Bluevine | LOC | APR 6.2% – 27% | 1 – 3 business days |
| OnDeck | Term + LOC | Term APR 27%+; LOC APR 30%+ | Same-day for approved files |
What to ask Funding Circle before signing
- "What's the APR-equivalent on this deal?" A funder who can't or won't quote it has something to hide. Required disclosure in five states as of 2026.
- "Is there a prepayment discount?" Some funders charge the full factor regardless of payoff speed. Get the discount in writing before you sign.
- "What's the reconciliation policy if my revenue drops?" The best funders adjust the daily ACH downward when deposits drop. Many won't. Ask in writing.
- "Will you stack on top of an existing position?" Stacking is one of the top reasons MCA merchants default. If a funder accepts second/third position freely, that's a yellow flag for the merchant.
Frequently asked questions
- Is Funding Circle a direct funder or a broker?
- Funding Circle is a direct funder — they underwrite and deploy capital from their own balance sheet (or institutional credit facility), not by routing your file to other lenders. This matters because direct funders are accountable for the terms they quote.
- What's the minimum revenue Funding Circle will fund?
- Funding Circle's published floor is $13,000 in average monthly revenue, with 24 months minimum time in business. Credit score floor is 660+. These are box minimums — actual approval requires bank statements showing consistent daily deposits and acceptable NSF history.
- How fast can Funding Circle fund?
- Funding Circle's public speed quote is Funding in 1 – 3 business days after approval. In practice, clean files (consistent revenue, no NSFs, no second position) fund at the fast end of that range. Files needing additional documentation, second-position deals, or larger amounts ($250K+) take longer.
- Should I go directly to Funding Circle or through a broker?
- Going direct gets you a single quote with no broker commission baked into the factor rate. Going through a broker (like Fundnode) gets you scored against multiple funders, including Funding Circle, with full disclosure of how we earn. There's no universal right answer — but if you only want one quote, going direct saves the broker's cut.
- What's Funding Circle's biggest weakness vs alternatives?
- Higher credit and TIB minimums (660+, 24+ months) exclude newer or distressed merchants. APRs at the high end (25%+) can still exceed some MCA equivalents for shorter durations. Origination fees 3.49% – 8.49%.
Related reading
- The full 2026 ranking of 10 MCA funders — where Funding Circle sits and why.
- How factor rates actually work — the math behind APR 11.29% – 30.12% (fixed term loan).
- How to qualify for an MCA in 2026 — the 7 things underwriters check.
- Take the fundability quiz — find your tier in 2 minutes.