Commitment to Action

Access to Capital: Empowering Small Businesses

Commitment by

Funding Circle USA

In 2013, Funding Circle committed to expand its lending services to 12 to 15 borrowers per month, for a total of 360 loans by the end of 2015. Over the next 24 months, Funding Circle will leverage a variety of channels, including municipal governments, regional economic development committees, federal regulators and franchises, to bolster Funding Circle's credibility and success in the lending space. Funding Circle plans to disburse loans to 75 borrowers within its first year of operations, at which point it can begin segmenting to target underserved borrowers such as minority and women entrepreneurs.

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Overview
Summary

Commitment

Access to Capital: Empowering Small Businesses

Launched

2013

Est. Duration

2 years

Estimated Total Value

$350,000,000

Region

Northern America

Countries

United States

Commitment by

Funding Circle USA

Partner(s) of the Commitment Maker(s)

PricewaterhouseCoopers, Royal Bank of Scotland, Credit Karma, Santander BanCorp, Sageworks, Lending Tree, Intuit Inc., Smartbiz