Funding Circle Alternatives: What Replaced Funding Circle in the U.S. (2026)

Last updated: November 2026

U.S. businesses need a Funding Circle alternative because Funding Circle no longer operates in the United States. It sold its U.S. business to iBusiness Funding in 2024 and now lends only in the UK. For the kind of loan Funding Circle was known for, a multi-year term loan or an SBA 7(a) loan, the closest options are iBusiness Funding itself (SBA 7(a) loans and term loans up to $500,000 through its network), SBA lenders, and banks. If you need money faster or have a younger business, OnDeck, Bluevine, the American Express Business Line of Credit, National Funding and Credibly are the online options to compare. All are covered below, checked in November 2026.

What happened to Funding Circle in the U.S.

Date	Event
March 2024	Funding Circle agrees to sell its U.S. business to iBusiness Funding for £33 million.
June 2024	Banking Dive reports that, as part of the deal, Funding Circle will return its SBA Small Business Lending Company (SBLC) license; iBusiness Funding is described as a division of Ready Capital, which already holds one.
July 1, 2024	The sale is completed.
Today	Funding Circle's U.S. page says it no longer operates in the United States and points visitors to its UK business.

Before the sale, according to Banking Dive, Funding Circle's U.S. business had positioned itself as an SBA 7(a) lender for loans under $500,000. If you have an existing Funding Circle U.S. loan, check your statements and the help pages on Funding Circle's U.S. site for who now services it.

What iBusiness Funding offers today (checked November 2026)

• Products: SBA 7(a) loans through an approved lender network, term loans up to $500,000 and USDA loans for rural businesses.
• Not a lender itself: iBusiness Funding says it is not a lender; loans available through its network are originated by iBF Capital Hub, LLC or other approved network lenders.
• Volume: it reports more than $7 billion in SBA loan volume processed.
• Minimums: not published on its homepage; SBA loans follow SBA eligibility rules plus each lender's credit standards.

Who should look beyond iBusiness Funding

• Businesses that need money within days. SBA loans usually take weeks. Online lenders such as OnDeck and National Funding advertise same-day or next-day funding.
• Owners who want a reusable line, not a lump sum. Compare the Bluevine and American Express lines of credit.
• Younger businesses or lower credit scores. Credibly lists 6+ months and a 500+ score; OnDeck and Bluevine list 625.
• Need more than $500,000 outside the SBA program. Bank term loans and real estate-backed financing can go higher; SBA 7(a) loans go up to $5 million.

Funding Circle alternatives compared

Option	Published amount	Published minimums	Repayment	Best fit
iBusiness Funding	Term loans up to $500,000; SBA 7(a) through its network	Not published on its homepage	Varies by loan	Former Funding Circle-style SBA and term loans
SBA 7(a) or SBA Express loan from a bank or SBA lender	Up to $5 million (7(a)); up to $500,000 (Express)	SBA eligibility plus each lender's credit standards	Monthly, up to 10 years for working capital	Lowest cost if you can wait several weeks
OnDeck	Term loans up to $400,000; lines up to $200,000	625+ FICO, 1+ year, $100,000+ annual revenue; not in ND	Weekly or monthly; up to 24 months	A fast online term loan
Bluevine	Line of credit up to $250,000; partner term loans up to $500,000	Line: 625+ FICO, 12+ months, $10,000+ monthly revenue; corporations and LLCs only	Weekly or monthly	Good-credit LLCs and corporations
American Express Business Line of Credit	$2,000 to $250,000 at approval	660+ FICO, business started 1+ year ago, $3,000+ average monthly revenue	6-, 12-, 18- or 24-month installments; monthly fee 0.55% to 1.55%	Good credit, flexible draws
National Funding	Working capital $6,000 to $500,000; equipment up to $150,000	Most customers 600+ FICO; reviewers cite 6 months and $250,000 annual revenue	Daily or weekly over 4 to 24 months	Larger lump sums with fair credit
Credibly	$5,000 to $600,000	500+ credit score, 6+ months, $15,000+ monthly revenue	Daily, weekly or, on some products, monthly	Lower credit scores with steady deposits

Term loan, SBA loan or line of credit?

Option type	Typical speed	Typical term	Use it when
SBA 7(a) loan	Weeks to months	Up to 10 years for working capital, longer for real estate	You have a strong file and want the lowest cost
Bank term loan	Weeks	Often several years	You have 2+ years of financials and a banking relationship
Online term loan	Same day to a few days	Up to about 24 months	A one-time need you can repay within two years
Line of credit	Same day to a few days	6 to 24 months per draw (online)	Recurring timing gaps

Our guide to what an SBA loan is explains SBA timelines and costs, term loans for business compares bank and online terms, and business loan requirements lists the documents lenders ask for. Funding Circle is not the only well-known lender to leave the market: see Kabbage alternatives. For a closer look at one of the online options above, see OnDeck alternatives and the business line of credit guide.

How FSE compares options from multiple lenders

Every lender above has its own credit box, and applying to them one at a time takes days and repeats the same paperwork. FSE (Funding Solutions Experts) is an independent commercial finance brokerage that works with 50+ lending partners across working capital, lines of credit, term loans, equipment financing, real estate-backed funding and merchant cash advances. You complete one application, and FSE compares what your business may qualify for across those partners, so you can weigh term loans, SBA options and lines of credit side by side on total cost, payment schedule and term.

• No fee to you. FSE never charges the business any fee; FSE is paid by commission from its funding partners.
• Minimums. At least 1 year in business and $10,000 or more in monthly revenue.
• No credit check to apply. FSE's application does not ask for your Social Security number and does not pull your credit. An individual lender may check credit later in its own process.
• No promises we cannot keep. Approval, amounts and terms are set by each lender, and no approval is guaranteed.

If your business meets those minimums, you can apply once with FSE and compare offers from multiple lenders.

Frequently asked questions

Does Funding Circle still lend in the U.S.?

No. Funding Circle's U.S. page says it no longer operates in the United States. It continues to operate in the UK.

Who bought Funding Circle's U.S. business?

iBusiness Funding. The sale was agreed in March 2024 for £33 million and completed on July 1, 2024.

Is iBusiness Funding a lender?

iBusiness Funding says it is not a lender. Loans available through its network are originated by iBF Capital Hub, LLC or other approved network lenders.

What is the closest alternative to a Funding Circle loan?

For a multi-year, lower-cost loan, an SBA 7(a) loan from a bank or SBA lender, or iBusiness Funding's network. For speed, an online term loan from a lender such as OnDeck or National Funding, which usually costs more and runs up to about two years.

Can I still get a Funding Circle loan in the UK?

Funding Circle says it operates normally in the UK. This guide covers U.S. businesses only.

Sources

• Funding Circle, United States notice (no longer operates in the U.S.)
• Banking Dive, "Funding Circle sells its US unit to iBusiness Funding, returns SBLC license" (June 26, 2024); FinTech Futures, iBusiness Funding acquisition; Sharecast, completion of sale
• iBusiness Funding (products, lender disclosure, volume)
• OnDeck; Bluevine; American Express Business Line of Credit; National Funding; Credibly
• U.S. Small Business Administration, 7(a) loans

Provider details were checked in November 2026 and change often; confirm current terms with each provider before you apply. Inclusion is not an endorsement and does not mean a provider is part of FSE's network. Brand names belong to their owners; FSE is not affiliated with them.