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- Shorter-term loan
A quick injection, paid back fast.
The same Funding Circle loan on a six or twelve month term: a short term business loan for a seasonal stock build, a tax bill, a contract that pays late, or a one-off job that needs money up front.
When a short loan beats FlexiPay.
A larger one-off sum. FlexiPay limits start at £1,000 and suit bills and orders; a loan from £10,000 suits a single bigger need.
A cost you’d rather clear in one fixed schedule than per-payment fees. One rate, one completion fee, the same amount every month.
A need that’s bigger than your FlexiPay limit. The two can run side by side, so the limit stays free for the everyday bills.
What you get.
The business loan, with the term kept short.
Fixed rate, fixed repayments
The rate is fixed for the 6 or 12 months, so you know the monthly cost on day one.
Use it for almost anything
Stock, a tax bill, a job that needs paying for before it pays you, a short refit.
One-off completion fee, nothing else
Charged when the loan is taken out. No fee to repay early.
Repay early without penalty
If the contract pays or the stock sells sooner, clear it and stop.
Funds fast
A decision in as little as five minutes; money typically within 48 hours of approval.
A personal guarantee is required
The loan is unsecured, but Funding Circle asks every director to sign a personal guarantee. Understand what that means before you apply; we’ll talk it through.
Who can apply.
- A UK limited company or LLPSole traders aren’t eligible for this loan.
- At least one year’s tradingAssessed on your accounts and bank statements.
How it works with Atlas.
Atlas is a Funding Circle partner: we introduce, Funding Circle decides and lends, and we may receive a commission.
- 1
Tell us about the gap
What needs paying, when, and when the money comes back in. Ten minutes.
- 2
We check the term fits
Six months, twelve, or FlexiPay instead. If none fits, we say so.
- 3
Check and apply
Thirty seconds to check your eligibility, about seven minutes to apply. Funding Circle decides.
- 4
Money lands, Atlas stays
Funds typically within 48 hours of approval. We stay the number you ring.
Shorter-term loan, FlexiPay or business loan?
Term, shape and how the cost is charged.
| Shorter-term loan | FlexiPay | Business loan | |
|---|---|---|---|
| Term | 6 or 12 months | 1, 3, 6, 9 or 12 months per payment | six months to six years |
| Shape | One lump sum, fixed schedule | Revolving limit, pay and repay | One lump sum, fixed schedule |
| Cost model | Fixed rate plus completion fee | One flat fee per payment, 0% interest | Fixed rate plus completion fee |
| Amount | From £10,000 | £1,000–£250,000 | £10,000–£750,000 |
Shorter-term loan questions.
How much can I borrow?
From £10,000, set on your business’s accounts and bank statements. The term is 6 or 12 months.
How long does it take?
Eligibility in 30 seconds, a decision in as little as five minutes once the application is in, and funds typically within 48 hours of approval.
What’s the rate?
Fixed for the term and set on your business, from 6.9% per year, plus a one-off completion fee. A shorter term means less interest overall.
Do I need security?
The loan is unsecured: no property or assets are taken as security. A personal guarantee is required.
Can I repay early?
Yes. If the gap closes sooner than twelve months, clear it with no penalty.
What’s Atlas’s role?
We’re a Funding Circle partner. We check it’s the right product for you and introduce you. Funding Circle decides and holds the agreement. We may receive a commission.
Related.
Tell us about the gap.
What needs paying, when, and when the money comes back in.
Excellent4.5 out of 5TrustpilotImportant information. Atlas Payments (Robles Payments Limited, company number 16864953) introduces customers to Funding Circle Ltd, authorised and regulated by the Financial Conduct Authority. Atlas Payments does not lend and does not make lending decisions. All products are subject to status and a full assessment by Funding Circle; limits, rates and fees depend on your business and the product. Available to UK limited companies and LLPs. We may receive a commission from Funding Circle when a product is taken out.
Cashback business credit card: representative 34.9% APR (variable), rates from 14.9%. 2% cashback on eligible spend for the first six months, up to £2,000, then 1% uncapped. Up to 42 days interest free on purchases when the balance is paid in full. The FlexiPay Business Credit Card is issued by Monavate Ltd. Think carefully before borrowing. Repayments must be affordable for your business.