Funding Circlehas been around since 2010 and is lending marketplace that allows investors to lend money directly to small and medium-sized businesses.
Funding Circle was the first website to allow P2P lending for businesses in the UK and now operates in the UK, US, Germany and the Netherlands. Funding Circle has facilitated over £5 billion in loans to SMEs as at June 2018. It was founded by Samir Desai, James Meekings and Andrew Mullinger.
The typical RoI (Return on Investment) is about 7% (subject to market conditions) which is similar to many Hedge Funds. The way they handle defaults is a lot better than how a bank would. When a lender defaults, Funding Circle will ease back on the payment demands allowing the company to recover. Often the company is able to return most (or even all) of the capital.