100 live loans on the marketplace. Weekly Lending Review: week 4

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.

New 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:

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)

yield

Number of listed loans per week

number

Listed loan value per week

value

News you should know

We made it onto Forbes’ list for being one of Britain’s best financial technology businesses.

Community Discussions

This week we’re talking about adding premiums to loan parts. You can join the discussion on our community forum.

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

Read last week’s Lending Review.

Jack Pritchett

Senior Communications Manager

 

One thought on “100 live loans on the marketplace. Weekly Lending Review: week 4

  1. We are non-governmental organization managers. FUNDESYRAM. We consulted: we can sign convienios of cooperation for the loans reach people in our country, El Salvador, Central America? Thanks for your comments. Mr. Samuel Rodriguez, treasurer

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