Weekly Lending Review: week 2

Week 2: 6 – 12 January 2014

We’re back into the swing of things with 71 new lending opportunities listed last week, with more to come as we had one of our best weeks for submitted applications from potential borrowers.

We saw more businesses from the South East than any other region, and expansion was the most popular reason for needing funding.

New loans

There were 71 new business loans listed last week and there are currently 50 auctions on the marketplace.

The total value of the new listed loans was £3,688,500; that’s an average of £51,951 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: 6-Jan represents the week of 6th – 12th January.

Weekly average gross yield (2 weeks rolling)

yield

Number of listed loans per week

number

Listed loan value per week

value

Get the Funding Circle iPhone app

If you haven’t already done so, you can try out our first iPhone app for free, which is available to download on the App Store.

Community Discussions

This week we’re talking about buying and selling loan parts as an investment strategy. You can join the discussion on our community forum.

Loans defaulted last week

Marquee hire business. Loan ID 2268

This Retford business was established in 1989. We received notification of a change in the business’ circumstances in December. The original loan amount was £44,000 and all 593 investors have been notified. Our insolvency team are working to recover the outstanding amount.

Enjoy lending, The Funding Circle Team

Jack Pritchett

Senior Communications Manager