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Funding Circle surpasses $10bn lent to SMBs globally

The online small business lender currently manages a loan portfolio of $3bn in the UK, $1bn in the US, and $175m in Germany.   According to Oxford Economics, every $1 lent to a small business contributes $2 to GDP.

“We are incredibly proud that Funding Circle has become small business’ first choice for loans,” said Bernardo Martinez, Funding Circle US Managing Director. “We look forward to continuing to build on the strong foundations we have put in place to help many more businesses in the years ahead.”

Tags

lending, small business