£200 million lent. Weekly Lending Review: week 1

Week 1: 30 December 2013 – 5 January 2014

We’ve got 31 new lending opportunities and an update on our total lending all in this week’s Weekly Lending Review.

£2.8 million was lent out by our investors across the new year week, with £1.7m of new lending opportunities listed on the marketplace.

Happy New Year!

We kick off with news that we have just passed the £200 million lending milestone.  Lending in 2013 alone reached nearly £130 million from investors across the UK, and an estimated 6,150 jobs have been created as a result of your lending this year.

It took 763 days to reach the first £50 million lent to businesses, 224 days to reach the second £50 million, and just 138 days to reach the third.  Our aim for 2014 is to continue to grow and get even more finance to successful businesses across the country.

New loans

There were 31 new business loans listed last week and there are currently 12 auctions on the marketplace.

The total value of the new listed loans was £1,733,000; that’s an average of £55,903 per loan. The largest loan value was £150,000 and the smallest loan value was £15,000.

Business loans still available for bidding on for the next 3 days or more:

Scottish construction company is looking for a £32,000 loan

Automotive company in the Midlands needs a £80,000 loan

Aquatics business needs a £75,000 loan

Family run restaurant is looking for a £30,000 loan

Health and safety company in the South East needs a £50,000 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: 30-Dec represents the week of 30th December – 5th January.


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News you should know about

A roundup of 2013 at Funding Circle in numbers

How your lending helped feed the masses with tasty homemade burgers

Get the Funding Circle iPhone app

At the end of last year we launched our first iPhone app, which is available to download for free on the App Store and will allow you to manage your portfolio on the go!

Community Discussions

This week we’re talking about making an investment from a Self-Invested Personal Pension (SIPP). You can join the discussion on our community forum.

Enjoy lending, The Funding Circle Team

Natasha

Head of Corporate Communications

 

5 thoughts on “£200 million lent. Weekly Lending Review: week 1

    • Over December, we get a lot less loan applications as people are on holiday. You’ll see a big jump in the number of loans listed on today’s weekly lending review.

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