Support an award-winning interior designer. Weekly Lending Review: week 40

Week 40: 30 September – 6 October 2013

Last week, the majority of businesses looking for loans were located in London and the South-East and the most common loan purpose was working capital. New businesses include a Lancashire book retailer and an award-winning London-based interior designer.

New loans

There were 49 new business loans listed last week and there are currently 25 auctions on the marketplace.

The total value of the new listed loans was £3,118,540; that’s an average of £63,644 per loan. The largest loan value was £250,000 and the smallest loan value was £10,000.

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: 30-Sep represents the week of 30th September – 6th 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

In August, we invited you to ask Ed Wray, one of the UK’s leading entrepreneurs, any business related questions had. We’ve compiled a list of the best questions & answers from Ed which you can have a read of on our blog.

A small proportion of businesses who borrow through the marketplace will have difficulties paying back their loans so it’s important to understand what this means for both the investors and the business involved. With that in mind, we’ve written a summary of key terms and processes involved in the recoveries process.

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

 

Jack Pritchett

Senior Communications Manager