The funding circle contacted me by promotional letter back in the summer. I had a funding need in the back of my mind and contacted the circle to find out a little more.
When my idea came to fruition I spoke to the bank initially, as I do have a good working relationship with them, but the borrowing process dragged and dragged, my business is profitable, I have a turnover in excess of £1m, I have banked with them personally all my life and professionally 10 years, but the bank needed an awful lot more info than the funding circle, I lost a little faith.
I then contacted the funding circle, and following email transactions and paperwork submissions, in less than 2 weeks my request is almost complete.
The idea that over 200 individuals and businesses are lending to me is great. Not only will I use this again (if they allow you to do it twice) but I'd love to be a lender in a few years time to repay the faith shown in me.
Good work Funding Circle, I will certainly recommend you!
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