Funding Circle helping more businesses than ever. Weekly Lending Review: week 42
Week 42: 14 – 20 October 2013
Last week, the majority of businesses who were looking for funding were either in the retail or manufacturing sector and most businesses were located in the South-East. Of the 48 new loans, 19 were allocated to the C risk band.
There were 48 new business loans listed last week and there are currently 28 auctions on the marketplace.
The total value of the new listed loans was £2,605,500 that’s an average of £54,281 per loan. The largest loan value was £150,000 and the smallest loan value was £10,000.
Business loans still available for bidding on for the next 3 days or more:
- Cheshire-based Thai restaurant needs a £75,000 loan
- Suffolk recruitment firm is looking for a £20,000 loan
- London-based manufacturer requires a £72,500 loan
- Providers of industrial roofing need a £14,000 loan
- Renewable energy suppliers in Wales are looking for a £30,000 loan
- Fulham off-license requires a £25,000 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: 14-Oct represents the week of 14th – 20th October.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
Figures released by the Bank of England last week showed net lending to businesses of all sizes dropped in the last quarter by £2.3 billion. In the same period, Funding Circle investors have helped 530 businesses; an increase of 30%.
Loans defaulted last week
No loans were defaulted.
Enjoy lending, The Funding Circle Team