RateSetter offers the opportunity to borrow at 3.9% representative APR for £5,000 loans over one year. They will provide you with a quote for loans all the way up to £35,000. It is a similar platform to Funding Circle which incentivises investors with the claim that every single investor has received the repayments owed to them. There is also an option for asset finance which is intended for business growth, covering a range of terms all the way up to £500k.
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| Business Loan Provider/Broker | How much can you borrow? | How much does it cost? |
|---|---|---|
| Loans from £1000 to £20M | We will not charge you any fee for our service as we receive payment directly from the lender(s) based upon successful provision of finance |
 | £1,000 to £500,000 | If you borrowed £10,000 for 12 months at 49% representative APR, with an interest rate of 40% p.a. (variable), then, all in all, the total amount you’d repay would be £12,294. |
 | £10,000 to £500,000 | From 6.9% per year + Origination Fee, 4.49% to 10.49%, A single one-time fee to cover the costs of evaluating and originating your loan |
 | Up to £250k with uncapped 1% cashback on all card spend. | The Capital on Tap Business Credit Card rates can range from as low as 15.5% to 35.15% (variable). |
