That said, Funding Circle’s installment loans are fully amortizing, which means you’ll pay more interest in the beginning than in the end. Funding Circle will deduct the same fixed payment every month until you repay your loan in full. If, however, automatic payments don’t work for your business, you’ll be able to make payments by check or by wire if you’d prefer. As we mentioned above, Funding Circle will also file a blanket UCC lien on certain business assets at this stage if you receive funding from them.įunding Circle will set up automatic payments from your business bank account to ensure you don’t miss payments. Once they’ve funded your application, Funding Circle will start debiting funds one month after you receive the funds. Overall, most customers get their loans within five days. Funding Circle will be able to transfer your funds directly to your business bank account. If you decide to accept your offer, you’ll be able to access your funds in as little as one business day. The only time you’ll see additional fees will be for late payments (5% of the payment amount if the monthly payment is more than 10 days late).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |