We took out a loan with Funding Circle in 2022. Unfortunately, with economic conditions as they are, and despite downsizing and using our savings to pay wages, we were unable to continue trading and sadly entered into insolvency in December 2024.
We were a family business in the truest sense of the word. My wife and I started the business 8 years ago and our son has worked for us for the last five years. At our peak we had 12 staff.
This story is not unique, and many businesses have been affected negatively by the current economic climate.
Despite having several creditors, it is only Funding Circle who don't understand we have lost everything - our business, our livelihood, and our savings. To them we are just a number in a spreadsheet.
There is very little information out there about Funding Circle and their practices, so we have decided to share our story. If we knew then what we know now, we would never have taken out a loan with Funding Circle.
This saga is evolving and is being updated regularly. We hope our story helps others.
How it started →
