Quick Biz Capital: A Funding Circle Alternative Built on Your Deposits, Not Your Credit Score

Funding Circle is a solid term-loan lender if you have 2 years in business and a 660+ FICO. If you don't quite fit that box — or you need money faster or larger — here's an honest comparison.

What Funding Circle actually is

Funding Circle is a well-known small business lender. In the U.S. it offers fixed-rate term loans (roughly $25,000 to $500,000, terms from about 6 to 84 months) and SBA loans, with rates that start in the high single digits and a one-time origination fee. Since 2024 its U.S. business has been part of iBusiness Funding. It's a legitimate option, and for the right borrower the pricing is genuinely competitive.

The catch is who qualifies. Funding Circle publishes fairly firm minimums: about 2 years in business, a personal FICO around 660, and roughly $50,000 in annual revenue. If you clear those bars and you're not in a rush, it's worth a look. If you don't — or you need funding this week — that's where a deposits-based alternative comes in.

How Quick Biz Capital is different

Quick Biz Capital funds working capital for small businesses in every industry. We approve on your recent bank deposits — the actual cash flowing through your business — not primarily on your FICO score. We fund from $10,000 to $5,000,000, we can move in as little as 24 hours, and a soft credit pull to check your options doesn't ding your credit.

That means we can often say yes to businesses Funding Circle's box would decline: newer businesses, owners with a 500+ FICO, and companies that need cash faster than a 2-to-3-day term-loan process allows.

Honest side-by-side

• Product: Funding Circle = fixed-rate term loans and SBA loans. Quick Biz Capital = working-capital funding based on your deposits.
• Amount: Funding Circle ~$25K–$500K term. Quick Biz Capital $10K–$5M (minimum $10,000).
• Approval basis: Funding Circle leans on FICO (~660) and 2 years in business. Quick Biz Capital leans on bank deposits, FICO 500+ OK.
• Time in business: Funding Circle ~2 years. Quick Biz Capital works with newer businesses.
• Speed: Funding Circle decision in ~24 hours, funds in ~2–3 business days. Quick Biz Capital as fast as 24 hours, same-day possible under the rule below.
• Credit check to explore: Both can pre-qualify without a hard pull — with us it's a soft pull.
• Collateral: No collateral required for our working capital.

The trade-off is honest: term loans like Funding Circle's are usually cheaper per dollar and repaid monthly over years. Deposits-based working capital is faster and easier to qualify for, but it's shorter-term financing priced accordingly. Neither is "better" in the abstract — it depends on your credit, your timeline, and how you plan to use the money.

When Funding Circle is the better fit

• You have 2+ years in business and a 660+ FICO and want the lowest rate.
• You want a fixed monthly payment stretched over several years.
• You're not in a hurry and can wait a few days to fund.

When Quick Biz Capital fits better

• Your FICO is under 660 but your deposits are strong.
• You're newer than 2 years in business.
• You need money in 24 hours, not a few days.
• You need less than $25K or more than $500K.
• You want funding tied to your business's cash flow, not one narrow credit box.

A real dollar example

Say you run a business doing about $40,000 a month in deposits, you've been open 14 months, and your personal FICO is 590. Funding Circle's published minimums (2 years, 660 FICO) would likely turn that down. Looking at your deposits, we could work toward roughly $40,000 in working capital — around a month of revenue — as a common starting point. Send clean bank statements and a signed agreement before early afternoon ET on a weekday and the money can land the same day. The exact amount and terms depend on your actual statements; this is an illustration, not a quote.

Straight answers

Is Quick Biz Capital the same as Funding Circle?

No. Funding Circle is primarily a term-loan and SBA lender that approves on credit and time in business. We provide working-capital funding approved on your bank deposits. Different product, different qualification.

Can you pay off my Funding Circle loan?

We don't market ourselves as a way to pay off another lender's balance. We provide new working capital based on your current deposits. Keep your existing obligations in mind when you decide how much to take.

Will checking with you hurt my credit?

No. We use a soft pull to check your options, which doesn't affect your score.

What credit score do I need?

We work with FICO 500 and up. Your bank deposits carry more weight than your score.

How fast can I actually get funded?

As fast as 24 hours. If we have your statements and a signed agreement before early afternoon ET on a weekday, funding can happen the same day. Deals signed Friday typically fund the following Monday.

How much can I get?

From $10,000 up to $5,000,000, depending on your deposits. Our minimum is $10,000.

Do I need collateral?

No collateral is required for working capital.

Ready to see what your deposits qualify you for? Apply in a few minutes and get a real answer.