Join 5,974 investors who have secured double digit rates
Week 6: 3 – 9 February 2014
Over the past 3 weeks, we’ve seen an average 100+ new loan requests available each week for you to lend to. With so many lending opportunities on the marketplace coupled with the 5,974 investors who have secured double digit rates since the beginning of the year*, there’s never been a better time to lend!
Last week was no exception with more than £5.4 million worth of new loans available for you to lend to. The two areas that had the most businesses looking for funding were located in the South East and North West of England.
There were 104 new business loans listed last week and there are currently 82 auctions on the marketplace.
The total value of the new listed loans was £5,488,640; that’s an average of £52,775 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:
- Independent school is looking for a £100,000 loan
- Educational services provider needs a £50,000 loan
- Security system installer requires a £75,000 loan
- Online clothing retailer is looking for a £30,000 loan
- Kitchen supplier needs a £100,000 loan
- Supplier of commercial catering equipment requires a £100,000 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: 03-Feb represents the week of 3rd – 9th February.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
Recommend a friend and share £80
If you recommend a friend to Funding Circle and they lend at least £1,000 to our great British businesses, you could each have £40 cashback** paid into your Funding Circle accounts!
News you should know
Valentine’s Day is nearly upon us, so why not spoil your significant other with something from one of our great Funding Circle businesses. We’ve compiled a list of 6 gift ideas for a range of budgets. Happy shopping!
Loans defaulted last week
Italian restaurant. Loan ID 325
This business was established in 2005 and went into liquidation last year.The original loan amount was £20,000 and all 279 investors have been notified.
Marketing agency. Loan ID 465
This Kent business has been trading since 2005 and went into liquidation last year. The original loan amount was £60,000 and all 367 investors have been notified.
Footwear retailer. Loan ID 1322
This Kendall business has been trading since 1977 and went into administration last year. The original loan amount was £80,500 and all 799 investors have been notified.
Electrical wholesaler. Loan ID 1360
This Durham business has been trading since 2004 and went into liquidation in December 2012. The original loan amount was £36,000 and all 437 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
* The number of investors in 2014 who have had successful bids at 10% and higher accepted into loans.