Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Funding Circle Launches SMB Loan Choice Tool

researchsnappy by researchsnappy
November 28, 2019
in Advertising Research
0
Funding Circle Launches SMB Loan Choice Tool
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Share

Tweet

Share

Share

Share

Print

Email

Online small business lending platform Funding Circle is launching a new feature for U.S. small businesses to be able to choose from three approved loan options.

Dubbed Small Business Choice, the new offering from Funding Circle U.S. will connect a small to medium-sized business (SMB) loan applicant to three approved loan offerings with different interest rates and term loans. Funding Circle said the feature aims to provide SMBs with greater choice in those terms and rates.

“At Funding Circle, we are committed to the best customer experience, which includes creating flexibility for our borrowers,” said Funding Circle U.S. Managing Director Bernardo Martinez. “Traditionally, deciding on what loan terms are best can be hard for small business owners, but Small Business Choice offers a straightforward way to pick the right loan for them.”

All three loans presented are underwritten by Funding Circle, with offerings presented over the phone and in emails to clearly articulate contract terms, interest rates, monthly payments and total loan amounts.

In October, Funding Circle’s U.K. operations moved to quell concerns over investors’ inability to withdraw funds. Reports in the Financial Times at the time said the company sent a letter to investors assuring the company was “a robust, well-capitalized business” and that it wanted “to give you some reassurance that we are focused” to address the issue.

Funding Circle U.K. noted that a lack of demand on the secondary market for small business loan products means it will likely continue to take longer for sales to finalize.

In August, its U.K. operations posted greater losses for its earnings report of the six months to June 30, although analysts noted that wider losses were expected amid lower demand for small business loans in the market. At the time, the company noted “some deterioration” in its high-risk loan portfolio “driven by a deterioration in the consumer credit environment since 2016, which affects smaller and younger companies, and in response we tightened our risk criteria for higher risk band loans.”

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the November 2019 Mobile Order-Ahead Report, PYMNTS talks with Dan Wheeler, Wahlburgers’ SVP, on how the QSR balances security and seamlessness to secure its recently launched WahlClub loyalty program.

Previous Post

Nexans, Ari Industries, KME, Raychem HTS LLC, Sumitomo – Global Market News 24

Next Post

Munson seeking women’s experiences to improve delivery outcomes

Next Post
Munson seeking women’s experiences to improve delivery outcomes

Munson seeking women's experiences to improve delivery outcomes

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

3 Best Market Research Certifications in High Demand

PRC needs full funding to do its job | My View

Plant-based Chicken Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2030 – Energy Siren

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2023 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2023 researchsnappy.com