One of the UK’s largest small business lending platforms, Funding Circle, has announced its partnership with Sage, a leader in accounting, financial, HR and payroll technology for small- and mid-sized businesses (SMBs). The collaboration makes it simpler for small businesses to secure funding.
With the integration of Sage Accounting and Funding Circle’s API, customers which are limited companies will now be able to apply for loans and manage their cash flow easily, with quick and efficient loan application processing and decisions made in minutes.
Initially launching in the UK, small businesses using Sage Accounting software will be able to apply for business loans ranging from £10,000 to £500,000, with the option to repay the loan over a period of six months to six years. They will also have access to Funding Circle’s new product, FlexiPay, which is an interest-free line of credit that helps small businesses manage their cash flow.
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