The iPhone app has launched. Weekly Lending Review: week 51

Week 51: 16 – 22 December 2013

We’ve got 68 new lending opportunities, the launch of our mobile app and a record lending week in the final Weekly Lending Review of 2013. Your next Weekly Lending Review will be on Monday, 6th January.

Last week was the largest week for the amount of funds lent, with £5.3 million making its way to businesses across the UK. There were more businesses listed from the Midlands than any other region, and expansion was the most popular reason for needing funding.

New loans

There were 68 new business loans listed last week and there are currently 55 auctions on the marketplace.

The total value of the new listed loans was £4,150,000; that’s an average of £61,029 per loan. The largest loan value was £150,000 and the smallest loan value was £7,500.

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: 16-Dec represents the week of 16th – 22nd December.

Weekly average gross yield (2 weeks rolling)

yield

Number of listed loans per week

number

Listed loan value per week

value

Get the Funding Circle iPhone app

We’re excited to announce the launch of our first iPhone app, which is available to download for free on the App Store.

Community Discussions

This week we’re talking about the Autobid tool. You can join the discussion on our community forum.

Loans defaulted last week

Training provider. Loan ID 1387

This Newport business has fallen behind with repayments. The original loan amount was £40,000 and all 470 investors have been notified. Our insolvency team are working to recover the outstanding amount.

Enjoy lending and the festive season. The Funding Circle Team

 

Jack Pritchett

Senior Communications Manager