Meet the Funding Circle team. Weekly Lending Review: week 45

Week 45: 4 – 10 November 2013

We had our biggest week for fully submitted applications from businesses which will result in many more lending opportunities in the weeks to come. £3.5 million was lent to businesses last week and a further 71 business in the UK were looking for funding. The majority of businesses were located in the South East; 36 were looking for expansion funds and 31 needed working capital.

New loans

There were 71 new business loans listed last week and there are currently 46 auctions on the marketplace.

The total value of the new listed loans was £3,654,020; that’s an average of £51,465 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:

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: 4-Nov represents the week of 4th- 10th November.

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

Following from our first team interview where we met the customer relations team, we have also spent 5 minutes with the insolvency team, headed up by Andrew. You can read about their backgrounds, what they do outside of Funding Circle and what they consider to be the highs and lows of their job.

Community Discussions

This week we’re talking about how your account statements could be improved. 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 44

Jack Pritchett

Customer Communications Manager