Small businesses are underserved by traditional lenders. Our technology platform can revolutionise the SME borrowing experience. 

SMEs are a fundamental part of the global economy, driving growth, employment, and innovation.

They employ almost a third of people across the OECD region and account for 50–60% of the economic value created. But they are underserved by traditional lenders and typically represent less than 5% of banks’ balance sheets.

Small businesses are underserved by traditional lenders

On the day the lockdown started we opened an e commerce store and started delivering to doorsteps. Over the past year we’ve grown by 12% and Funding Circle has played an important role in supporting us.

Andrew Birkby
Founder of Wild Card Brewery

Trends in the market

SMEs are strategically important to economic growth

$700bn

borrowed through PPP, £70bn borrowed through CBILS/BBLS3

Significant acceleration in adoption of online borrowing

5x

increase in searches for online business loans in the UK4

Strong demand from investors despite recession

£2.5bn

investor capital raised since the beginning of Covid-19 to lend to UK and US SMEs5

SMEs expect to have ongoing finance needs

40%

of SMEs expect to require finance in the next 12 months, primarily for growth or investment6 

Notes

1 OC&C analysis: Target addressable market excludes commercial mortgages, loans / debt products <5k and >500k in local currency and loans with APR >25%. In US, higher minimum threshold of $25k.
2 Data from the Federation for Small Businesses and Small Business Administration.
3 Cumulative PPP data published by the SBA; cumulative CBILS and BBLS lending data published by HMT
4 Google trends
5 Funding Circle institutional capital raised accredited to CBILS and PPP
6 Data from the Oxford Economics and Funding Circle 2020 Economic Impact Report