Tuesday, 14 January 2014

UK Business Funding News from Business Zone

Funding CircleBusinessZone.co.uk
The Government is lending £20m to British businesses through Funding Circle
Side-step lengthy processes and borrow from a community of 60,000 people together with the Government*, councils and universities.
Funding Circle has helped over 3,000 businesses access over £200m, without a bank in sight. That's why 77% of businesses would come to Funding Circle first in future**.
Find out more
Bramley & Gage borrowed £25,000 from 248 people through Funding Circle so they could buy a new gin still
?10% of eligible loans funded by the UK Government*
?Borrow between £5,000 and £1 million
?Fast turnaround: Get a decision in 48 hours and your loan completed within 6 days on average
?Highly flexible: Borrow for working capital, expansion, property refurbishment, asset purchase and one-off business expenses
?Great rates: real people compete to lend you money in an online auction to give you best rate
Get the finance you need, fastApply now
60,000 people in the UK have joined up to lend to businesses
£200 million lent to British business to date
*This is funded by the Department for Business, Innovation and Skills (BIS) and the funding will be provided to each eligible business as a loan on equal terms with the participating private sector investors. Neither BIS nor any Government agency is involved with the operation or management of the loan. 
**Nesta survey 2013.

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