Just Eat and fintech startup Funding Circle are partnering on a recipe for takeaway success

Lynsey Barber
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The two firms have agrred a tasty deal to offer loans to restaurants (Source: Getty)

Fintech startup Funding Circle and food firm Just Eat are joining forces on a recipe designed to boost the success of small businesses across Britain.

The peer-to-peer lender will offer the nearly 30,000 restaurants which use Just Eat to get takeaways into people's laps a deal on loans.

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One business owner has already taken advantage of the offer after failing to find help from the bank to expand.

"Our business is booming. Recently, we were looking to take advantage of an opportunity to expand the business, but the banks were slow and couldn't provide us with the help we needed," said Yilmaz Guney, the owner of Turkish restaurant Petra in Islington.

"Our partners Just Eat directed us to Funding Circle who arranged the loan for us in a matter of days. By not spending months speaking with the banks I was able to get the finance I needed and focus on running the business and planning for the future."

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It's just one of several additional services Just Eat is offering to restaurants as the delivery wars heat up with the entrance of Deliveroo, UberEats and Amazon Restaurants.

"Our latest suite of offerings - from flexible funding solutions, help with business rates recovery and even deals for discounted Sky broadband, WiFi and TV - will give our restaurants more opportunities to reduce costs and make their businesses even more profitable and competitive," said Just Eat's restaurant services director Robin Clark, promising "much more to come".

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