Lend for TV programme production. Weekly Lending Review: week 39
Week 39: 23 – 29 September 2013
We saw 54 new businesses come onto the Funding Circle marketplace last week, including a producer of television programmes and a Liverpool vehicle-hire company. The two most popular sectors for loan requests were retail and the leisure & hospitality industry, with the North-West of England having the most businesses looking for loans than any other region.
There were 54 new business loans listed last week and there are currently 28 auctions on the marketplace.
The total value of the new listed loans was £2,432,500; that’s an average of £45,056 per loan. The largest loan value was £150,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Shellfish wholesaler needs a £60,000 loan
- Family-run property business is looking for a £70,000 loan to develop land
- Norfolk estate agents require a £70,000 loan
- Cosmetics brand needs a £50,000 loan for product development
- Lancashire hotel is looking for a £25,000 loan to expand
- Marquee manufacturer requires a £150,000 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: 23-Sep represents the week of 23rd – 29th September.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
We’ve started a regular feature where we’ll spend 5 minutes with members of various teams around the Funding Circle office so you, our investor community, get to know the company better. For our first 5 minutes we’re with the Customer Relations team who you may have spoken to on the phone at some point.
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
No loans were defaulted.
Enjoy lending, The Funding Circle Team
You can read last week’s weekly lending review here.