Top P2P industry news. Weekly Lending Review: week 48
Week 48: 25 November – 1 December 2013
It’s a packed weekly lending review!
- We’ve got a roundup of industry news for November.
- We’ve won an award!
- We’ve got a special offer from Funding Circle business Beverly Hill’s Jewellers.
- We’ve compiled a list of Christmas present ideas from Funding Circle businesses.
On with the show:
Of the 66 new borrowers, the majority needed business loans for working capital and the two sectors that provided the most activity on the marketplace were the manufacturing and property sectors.
There were 66 new business loans listed last week and there are currently 60 auctions on the marketplace.
The total value of the new listed loans was £4,229,520; that’s an average of £64,084 per loan. The largest loan value was £260,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- TV broadcaster is looking for a £260,000 loan
- Funeral directors need a £150,000 loan
- Plant nursery in Cheshire requires a £90,000 loan
- Fire alarm installers are looking for a £150,000 loan
- Motor dealer in Sheffield needs a £100,000 loan
- Residential and commercial property landlord requires a £100,000 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: 18-Nov represents the week of 25th November – 1 December.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
November’s industry news
November’s media round-up for the peer-to-peer lending industry includes a BBC video clip of a business in Wales who took out a loan through Funding Circle last year.
News you should know
We were thrilled to be nominated in two categories at the National Association of Commercial Finance Brokers (NACFB) awards last week and we are delighted to have come away as winners of the Specialist Lender of the Year award.
Offer from one of our great borrowers, Beverly Hill’s Jewellers
Beverley Hills Jewellers is offering the up to a 40% discount during December on certain items in store. As part of this offer, you’re also invited to attend their VIP champagne and canapé event between 6:30pm and 9pm on Thursday 12th December at their Hatton Garden store.
To RSVP please contact Carolyn Jackson on 0207 404 3133 before Monday 9th of December.
Loans defaulted last week
No loans were defaulted.
Enjoy lending, The Funding Circle Team