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Funding Circle is a peer-to-peer business loans provider and in partnership with Lancashire County Council, any eligible Lancashire based businesses can borrow from £5,000 up to £1 million for a period of up to 5 years. The loan will be funded by people from around the UK alongside Lancashire County Council.

These business loans can be used for a wide range of purposes, including growth capital, working capital, new asset purchase, property development and more. Lancashire County Council will participate in loans where the business is using the funding to drive growth and / or additional employment.

Beech’s Fine Chocolates in Preston took out a £250,000 loan through Funding Circle and you can find out more about their experience in this video:

Who is it for?

Minimum requirements:

  • A minimum annual turnover of £100,000
  • Businesses need to be limited companies or LLPs
  • 2+ years’ filed accounts with companies house in order to apply
  • Directors: UK resident
  • No CCJs over £250

Funding Circle provides loans to businesses from anywhere in the UK. Lancashire County Council will lend only to businesses within the council area.

How does it work?

There is one short application process for these loans which involves the following steps:

Step 1: Apply

  • Applicants simply fill in the online application form in 20 minutes. A member of Funding Circle’s credit assessment team will give you an answer on the application within 2 days.

Step 2: Live loan auction

  • All successful loan requests are listed on the marketplace as a new auction.
  • Registered Funding Circle investors will then start bidding amounts of money at competitive rates.
  • Over time, the higher rates will get knocked out of the bidding process as more competitive bids are placed.

Step 3: Accept your loan

  • You can accept the loan as soon as it’s fully funded. Alternatively, you can keep it live on the marketplace for a maximum of 14 days, to see if the rate will come down any further as other investors bid.
  • If you have applied for an unsecured loan: once you have accepted the loan online Funding Circle will transfer the fund to your account on the same working day (or, for asset finance loans they pay the supplier directly).

Apply online or contact the Funding Circle business team on 0800 098 8841 or by e-mail to

Additional information:

Where a local business has passed Funding Circle’s criteria but is not eligible for the Lancashire County Council lending, their loan will still be funded but the mix of investors providing the finance will not include the council.

Would you like to speak to one of our Boost Relationship Managers?

Our experienced advisers can help you find the right support for your business, offer advice on your growth plan and help you #BoostYourRecovery. Contact our advisers below:

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