Over £3 million lent and nine £100,000+ loans listed
Week 16: 14 – 20 April 2014
Over £3 million made its way to businesses across the UK last week and we saw 57 new lending opportunities listed on the marketplace, including nine loans for over £100,000. The South East saw the most businesses listed, with the North West and Midlands coming a close second. The majority were in the manufacturing and professional services sectors.
There were 57 new business loans listed last week and there are currently 36 auctions on the marketplace.
The total value of the new listed loans was £3,059,400; that’s an average of £53,673 per loan. The largest loan value was £265,200 and the smallest loan value was £10,000.
Business loans still available for bidding on for the next 3 days or more:
- Electrical contractor specialising in the retail sector needs a £50,000 loan
- A digital print business is looking for a £50,000 loan
- Flooring retailers and contractor business requires a £75,000 loan
- A photography business is looking for a £50,000 loan to buy an aircraft for aerial shots
- Electrical and mechanical contractors specialising in the new build residential industry need £150,000
- A steel stockholders based in the north west requires £150,000
- A luxury canal boat holiday company is looking for 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 of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn. Number of loans and value of loans are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 14-Apr represents the week of 14th – 20th April.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know about
Business case study video
Did you help a 40 year old yarn business based in Bradford expand and modernise? Watch the video here.
Loans defaulted last week
Language school. Loan ID 251 and 1336
This business has been trading for twelve years and has fallen into arrears with repayments by more than three months on two Funding Circle loans. The first was taken three years ago for £35,000 and the second was taken two years ago for 30,000. All 912 investors have been notified.
Renewable energy business. Loan ID 2612
This family business of 35 years has been placed in voluntary liquidation and we are in the process of contacting the guarantors to seek a full recovery. The original loan amount was £20,000 and all 292 investors have been notified.
Our collections and recoveries team are working to recover the outstanding amounts for all of these loans.
Enjoy lending, The Funding Circle Team
Investment through Funding Circle involves lending to small and medium sized businesses, so your investment can go down as well as up. Remember, past returns are not necessarily a guide to future returns.