Peer to peer lending platform Funding Circle (US) has just tweaked their loans as they want to encourage small business to greater advantage of their funding platform. Â The P2P lender has adjusted their rates to as low as 8.99% for a two year term loan. Â As the term of the loan goes up – so do the rates.
The 2 year term loan is also designed for investors who seek the flexibility and liquidity of a shorter term product and another diversification option for their portfolio. The first two-year term loans are expected to list on the marketplace in mid September.
Funding Circle has lent over $600 million globally (US & UK) since their launch in 2010. Â The P2P lender wants to capture the small business market that “banks have left behind”.
