Funding Circle for lenders and borrowers – an alternative to banks

Small businesses in the UK are under the stranglehold of the major banks who charge them high interest rates and fees for borrowing. According to HM Treasury the top 4 highstreet banks make up 92% of total small business lending by the banks – with such a concentration of lending in just a few providers small businesses have limited finance options, and can’t access bond markets like larger businesses. Small, local businesses are also the unsung heroes and driving force of the UK economy employing 60% of the private sector workforce and generating 50% of our GDP. We need these businesses to be thriving and growing.

Watch the video below to see how Funding Circle works.

Read more here: http://www.fundingcircle.com/home/about-us/

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