Blue Sky selected as agent for online funding platform

BIRMINGHAM-based Blue Sky Corporate Finance has been registered as agent for Funding Circle, an online marketplace that enables businesses to borrow from individuals, therefore sidestepping the banks.

Funding Circle offers unsecured loans to established and creditworthy businesses. Loans are available for any purpose with the exception of construction.The upper limit of the loans it can offer is  £250,000, repayable over five years.

Successful applicants benefit from quick access to low cost finance and could potentially save 25% on bank costs.  

Tony Seaton, associate director, Blue Sky Corporate Finance, said: “We are very pleased to be registered agents for Funding Circle, which we believe provides a win-win situation for both lenders and borrowers. 

“Lenders make a better return on their investment, while offering small businesses quick and easy access to loans, enabling them to continue to run their business and keep repayments to a minimum.”