Weekly Lending Review: week 34
Week 34: 19 – 25 August 2013
It was another £3 million+ week for new lending opportunities on the marketplace, including a drinks manufacturer and a Dorset beauty salon chain. The retail and property & construction sectors had the most number of loans and the majority of businesses were located in the South East.
There were 51 new business loans listed last week and there are currently 34 auctions on the marketplace.
The total value of the new listed loans was £3,135,720; that’s an average of £61,485 per loan. The largest loan value was £200,000 and the smallest loan value was £10,000.
Business loans still available for bidding on for the next 3 days or more:
- Brighton-based accountants are looking for a £100,000 loan
- Consultants in Nottinghamshire need an £80,000 loan to expand
- Oxfordshire nursery needs a £40,000 loan
- Global training and consultancy firm is looking for a £100,000 loan
- ICT company requires a £100,000 loan for product development
- Electrical contractors seek a £35,000 loan
Weekly marketplace trends
These graphs show the most recent activity on the marketplace. The average gross yield graph is reported weekly and shows a rolling two week average. Number of loans, value of loans and secondary market are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 19-Aug represents the week of 19th – 25th August.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
We’ve compiled a list of the nine biggest peer-to-peer lending stories from August, including a Financial Times article which reviews data that suggests peer-to-peer lending will be worth £1 billion by 2016.
Have you seen the new Funding Circle blog? Be sure to subscribe to it with your email address to get regular updates: https://www.fundingcircle.com/blog/.
Loans defaulted last week
Computer retailer from Plymouth. Loan 492
This business has been trading since 1995 but went into liquidation this month. The original loan amount was £30,000 and all 337 investors have been notified.
Enjoy lending, The Funding Circle Team
You can read last week’s Weekly Lending Review here.