Bid for your chance to secure 14.7%! Weekly Lending Review: week 49
Week 49: 2 – 8 December 2013
Over the past week and a half, investors have had rates of 14.5%, 14.4%, 14.7% and 13% accepted into loans in the A+, B, C and C- risk bands*.
It was also a busy week at Funding Circle with over 70 new businesses coming onto the marketplace. Of the 73 new borrowers, the majority needed business loans for expansion and the two sectors that provided the most activity on the marketplace were within the professional and property sectors.
There were 73 new business loans listed last week and there are currently 63 auctions on the marketplace.
The total value of the new listed loans was £4,169,600; that’s an average of £57,118 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:
- Hair product retailer needs a £70,000 loan
- Convenience store in Wales requires a £80,000 loan
- IT staffing solution provider is looking for a £100,000 loan
- Motorcycle dealership needs a £100,000 loan
- E-learning provider requires a £100,000 loan
- Bristol pub chain is looking for a £50,000 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: 2-Dec represents the week of 2nd – 8th December.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
We’re really pleased to have qualified for the Future Fifty, a scheme developed by Tech City UK, to support high-growth businesses scale and reach their full potential.
Loans defaulted last week
No loans were defaulted.
Enjoy lending, The Funding Circle Team
*Highest accepted bid rates for loans accepted in December, taken from the loan book available to download on the statistics page.