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.

New loans

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:

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)

yield

Number of listed loans per week

number

Listed loan value per week

value

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!

Community Discussions

This week we’re talking about what user testing that is being carried out this month. You can join the discussion on our community forum.

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.

** Terms & conditions apply.

Jack Pritchett

Senior Communications Manager