---
title: "Funding Circle Alternative: No Personal Guarantee"
description: "Compare Wayflyer and Funding Circle: one fixed fee, no personal guarantee, up to £1m for small businesses and funds in as little as 24 hours."
canonical: "https://wayflyer.com/gb/compare-funding-circle"
locale: "en-GB"
---

# A fixed-fee alternative to Funding Circle

Up to £1m for your small business, with one fixed fee and no personal guarantee.

## Why choose Wayflyer?

Funding Circle is an established UK lender of fixed-rate business loans. Here is where Wayflyer differs, so you can decide which provider is the better fit for your business.

| | Wayflyer | Funding Circle |
| --- | --- | --- |
| Pricing | One fixed fee | Fixed interest rate from 6.9% plus a completion fee |
| How you repay | Revenue share or fixed payments | Fixed monthly repayments |
| Time to funds | From 24 hours | From 48 hours |
| Maximum funding | Up to £1m (£20m for eCommerce) | £10,000 to £750,000 |
| No fees for early repayment | Yes | Yes |
| Apply once, always-on funds | Yes | Yes |
| AI-powered analytics | Yes | No |
| Personal guarantee | None | Typically required |

[Start Wayflyer application](/gb/compare-funding-circle#compare-rates)

Funding Circle figures from fundingcircle.com. Checked 3 November 2026.

### Is Wayflyer a good alternative to Funding Circle?

Yes, if you want a known cost without putting your own name on the line. Funding Circle offers fixed-rate term loans of £10,000 to £750,000, repaid in fixed monthly instalments, with rates advertised from 6.9% plus a completion fee. A personal guarantee is typically required if you're approved.

Wayflyer prices every offer as a fixed fee, agreed upfront, so you know the total cost before you sign anything. We run a soft credit check, we don't take equity or ask for a personal guarantee. Better yet, your financing is always on: tailored offers from £10,000 to £1m for small businesses, or up to £20m for eCommerce brands, are ready whenever you need them, and the amount you can access grows as your business does. Funding Circle could be the better fit if you want a conventional term loan with a fixed monthly payment and a published headline rate, but if you want a fixed fee, no personal guarantee and financing that scales with you, that's what Wayflyer was built for.

## Want to see your offer? Get in touch

Get a tailored offer based on how your business trades, not a generic quote.

- See how much you could access and on what terms
- Learn how businesses like yours have used Wayflyer to grow
- Talk through your working capital needs with a real person

## Access the growth capital you need, fast.

### Hassle-free

Apply in around 10 minutes with a soft credit check. Once you accept an offer, funds can land in your account in as little as 24 hours.

### Limited risk

No personal guarantee and no equity. Your business stays yours.

### No spend restrictions

Cash goes straight to your bank account. Use it for inventory, marketing, hiring or whatever drives growth.

Don't just take our word for it. We've funded 7,000+ brands.

[Customer stories](/gb/our-customers)

## Wayflyer vs Funding Circle: frequently asked questions

**Is Wayflyer better than Funding Circle?**

It depends on what you need. Wayflyer is the better fit if you want one fixed fee instead of interest, no personal guarantee, an offer based on how your business trades, or financing that stays available after your first draw. Funding Circle is the better fit if you want a conventional fixed-rate term loan with fixed monthly repayments and you're comfortable giving a personal guarantee. Funding Circle lends £10,000 to £750,000 over 6 months to 6 years. Wayflyer offers £10,000 to £1m for small businesses, or up to £20m for eCommerce brands, with funds in your bank account in as little as 24 hours.

**What's the difference between Wayflyer and Funding Circle?**

The main difference is how each prices and repays financing. Funding Circle offers fixed-rate term loans with interest from 6.9% a year plus a completion fee, repaid in fixed monthly instalments. Wayflyer prices each offer as one fixed fee agreed upfront, based on your trading data, and you repay either a percentage of revenue or a fixed amount. Funds go straight to your bank account with both.

**Does Funding Circle require a personal guarantee?**

Typically, yes. Funding Circle says a personal guarantee will be required if you're approved for a business loan, given by a shareholder or director, although its loans can be unsecured, so you don't need to pledge property or other assets. Wayflyer doesn't ask for a personal guarantee, and we never take equity. Whichever lender you choose, read the guarantee terms in your offer before you sign.

**What are Funding Circle's requirements, and how much can you borrow?**

To apply to Funding Circle your business needs to be UK-based, have been trading for at least a year and, since 23 February 2026, be a limited company or LLP, as it no longer accepts new applications from sole traders and partnerships. You'll also need to share your business bank statements and latest accounts. Limited companies and LLPs can get a decision without affecting their credit score. Funding Circle lends £10,000 to £750,000. Wayflyer also runs a soft credit check and offers £10,000 to £1m for small businesses, or up to £20m for eCommerce brands, sized on your actual sales performance.

**How do Funding Circle's rates and fees compare to Wayflyer's?**

Funding Circle's loans carry a fixed interest rate from 6.9% a year plus a completion fee, which is taken from the funds you receive and varies with your risk rating and term. There's no completion fee on its 6 or 12 month loans if you apply directly, and no fee to settle early. Its website doesn't show an APR, so compare offers on total repayment in pounds, the cash you receive after fees, and how often payments are taken, for the same amount and timeframe. Wayflyer charges one fixed fee, so there's no interest rate to compare directly. With Wayflyer, the total cost is known upfront and doesn't change if you repay early.

**Is Funding Circle legit, and what happened to its peer-to-peer lending?**

Yes. Funding Circle is an established UK lender: its website says it has lent £18 billion to UK businesses, and it holds a 4.5 out of 5 rating on Trustpilot from around 17,000 reviews. It has changed over the years, though. It closed its retail peer-to-peer platform in March 2022, and it sold its US lending business in 2024. Being legitimate isn't the same as being the best fit: its loans typically need a personal guarantee, so compare its offer with others on total repayment before you sign.

**What are the best alternatives to Funding Circle?**

Wayflyer is the best alternative to Funding Circle if you want funding built around how your business trades. You pay one fixed fee, agreed upfront, with no personal guarantee and no equity. We run a soft credit check and size your offer on your actual sales, so the amount you can access grows as your business does. Offers range from £10,000 to £1m for small businesses, or up to £20m for eCommerce brands, with funds in your bank account in as little as 24 hours. Whichever lender you choose, compare offers on total repayment, guarantee requirements and speed to funds.

## The future of financing is available today.

[Apply now](https://app.wayflyer.com/authn/signup)