£270m lent & £5m of new lending opportunities available to you

Week 18: 28 – 4 May 2014

We’ve just passed the £270 million lent milestone, with £18 million of lending coming from April alone. Over £5 million worth of new lending opportunities were listed on the marketplace last week, including a Farnham bakery. The Midlands saw the most businesses and the majority were in the property and construction sector.

New loans

There were 79 new business loans listed last week and there are currently 44 auctions on the marketplace.

The total value of the new listed loans was £5,035,840; that’s an average of £63,745 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 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: 28-Apr represents the week of 28th April – 4th May.

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 businesses, you could each have £40 cashback* paid into your Funding Circle accounts!

Community Discussions

This week we’re talking about the commercial mortgage that is currently on the marketplace. You can join the discussion on our community forum.

Loans defaulted last week

Sports shop. Loan ID 2070

This Newcastle business has been trading for 5 years and has fallen into arrears with repayments. The original loan amount was £30,000 and all 333 investors have been notified.

Recycling business. Loan ID 3051

This business has been trading for five years and has fallen behind with their repayments. The original loan amount was £25,000 and all 294 investors have been notified.

Alcohol retailer. Loan ID 5034

This Hartlepool retailer has been trading for eight years. The original loan amount was £90,000 and all 1,085 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

 

* Terms & conditions apply.

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.

 

Jack Pritchett

Senior Communications Manager