Funding Circle in the US & a record week for lending opportunities. Weekly Lending Review: week 43

Week 43: 21 – 27 October 2013

Last week was a very busy one for the Funding Circle community: we announced the launch of our operations in the US and we also listed a record 77 businesses for you to lend to. New lending opportunities included a competitive swimwear retailer and a 5 star B&B near Keswick.

New loans

There were 77 new business loans listed last week and there are currently 56 auctions on the marketplace.

The total value of the new listed loans was £4,418,520; that’s an average of £57,383 per loan. The largest loan value was £200,000 and the smallest loan value was £14,000.

Business loans still available for bidding on for the next 3 days or more:

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: 21-Oct represents the week of 21st – 27th October.

Weekly average gross yield (2 weeks rolling)

yield

 

Number of listed loans per week

number

Listed loan value per week

value

News you should know

We announced the completion of a $37 million equity round, which will be used to further our UK business and launch operations in the US to help many more millions of businesses with access to finance.

We visited one of our great businesses in the run-up to Halloween to see what goodies they had on offer. You can watch our short video which tells the story of how business owner Oliver grew Sensible Supplies from his garage to a 10,000 square foot warehouse in Nottinghamshire.

Community Discussions

This week we’re talking about Government’s funding proportion dropping from 20% of each business loan to 10%. You can join the discussion on our community forum.

Loans defaulted last week

No loans were defaulted.

Enjoy lending, The Funding Circle Team

Weekly Lending Review: week 42

Jack Pritchett

Senior Communications Manager