Loans

[Studio One]

Has anyone ever used "Funding Circle" to finance a business loan? What are your thoughts compared with a bank loan. Thanks

 

[BannerPenguin]

The funding circle is basically crowd funding so depending on your credit rating will depend on your chances of people backing your business. Also, depends on the business of course. I'm guessing it's a hair and/or beauty business and as someone who used to look into backing businesses on there, it's probably not something I'd back purely because it's a dime a dozen these days.

A personal bank loan is more straight forward if you have decent enough credit. Business loans from banks can be pretty hard to come by these days.

 

[Studio One]

Thanks for that