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.

New loans

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:

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)

yield

Number of listed loans per week

number

Listed loan value per week

value

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.

Community Discussions

This week we’re talking about motives behind adding premium or discounts to loan parts when you sell them. 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 47

Jack Pritchett

Senior Communications Manager