FAQs for Borrowers
BOUNCE BACK LOAN SCHEME (BBLS)
What happens if I cannot repay my loan?
- I’ve received a Default Notice - what should I do now?
- I’ve received a pre-default notice - what should I do now?
- Are there any charges or additional interest applied on default?
- How can I seek independent legal advice?
- Does a default affect my Personal Credit file?
- I agreed to a payment plan, or missed payments as a result of covid19 - why am I at risk of being defaulted? See all 10 articles
Coronavirus Business Interruptions Loans Scheme (CBILS)
Borrowing
- ★ What fees do Funding Circle charge?
- ★ Are there any additional costs that could apply to my CBILS loan?
- Do you conduct credit checks for a loan?
- What interest rate will my business pay?
- Can my business have more than one Funding Circle CBILS loan?
- Can my business pay back a loan early? See all 7 articles
Repaying the loan
- How do I close my account?
- Do you feedback information to the credit bureaus?
- Does Funding Circle offer payment protection insurance?
- What happens if I'm late or think I will be late paying a monthly instalment?
- How do I change repayment details for my business?
- Can I change the monthly repayment date for the loan? See all 10 articles