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Peer to Peer Lending

Support for local businesses through Funding Circle

Lancashire County Council has partnered with Funding Circle to help local businesses grow. Funding Circle is a service that lets people lend money directly to businesses with a good credit history. This means businesses can get funding without using a bank.

How Funding Circle works

  • Small businesses can borrow up to £500,000 through Funding Circle.

  • Investors lend money directly to businesses. This makes the process simple and clear.

  • Investors can receive stable, long-term returns.

Funding Circle is open to businesses that are well established and have a strong record of paying back money. We review loan requests from businesses in Lancashire to check if they meet our criteria. If a business is eligible, we will place a bid to help fund their loan. Once the loan is accepted, the business will repay all investors, including us, every month.

Who can apply

Funding Circle loans are available to strong, established businesses in any industry. To be eligible, a business must:

  • Have at least two years of filed accounts with Companies House

  • Have a good credit history

  • Have directors who live in the UK and have a good credit history

  • Have no County Court Judgements (CCJs) over £250

We will review businesses in the Lancashire area to decide if they are suitable for lending. If a business meets the criteria, we will contribute to their loan while it is live on the Funding Circle marketplace.

Interested? Get in touch

To find out more about Funding Circle loans and how they work: