Week 4: 20 – 26 January 2014
We had the busiest week ever at Funding Circle! A massive 118 new loans were made available for you to lend to, we saw 100 loan requests on the marketplace all at the same time, and there were 26 loans which were for £100,000 or more.
The majority of new loans were allocated to the A and B risk bands, and London and the South East had the most loans.
There were 118 new business loans listed last week and there are currently 92 auctions on the marketplace.
The total value of the new listed loans was £6,085,820; that’s an average of £52,016 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:
- Drinks wholesaler is looking for a £150,000 loan
- Manufacturer of engineer parts requires a £100,000 loan
- Logistics company needs a £19,000 loan
- Pet products wholesaler is looking for a £60,000 loan
- London restaurant needs a £100,000 loan
- Electronics manufacturer needs a £100,000 loan
- Children’s care provider requires a £104,000 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: 20-Jan represents the week of 20th – 26th January.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
We made it onto Forbes’ list for being one of Britain’s best financial technology businesses.
Loans defaulted last week
Art manufacturer. Loan ID 973
This Chester business has been trading since 2006 and we received notice of a change in personal circumstances of the director. The original loan amount was £50,000 and all 388 investors have been notified.
Motorcycle dealership. Loan ID 991
This Bedford business has been trading since 2008 and has failed to keep up with repayments. The original loan amount was £40,000 and all 234 investors have been notified.
Scarborough cattle business. Loan ID 1328
This business was established in 2005 and failed to maintain repayments. The original loan amount was £50,000 and all 459 investors have been notified.
Dry cleaners. Loan ID 1833
This Huddersfield business has been trading for 18 years but has breached our terms & conditions. The original loan amount was £15,000 and all 159 investors have been notified.
Our insolvency team are working to recover the outstanding amounts for all of these loans.
Enjoy lending, The Funding Circle Team