Partnering with Santander. Weekly Lending Review
Week 25: 16 – 22 June 2014
Over £5 million of new lending opportunities came onto the marketplace last week, including 14 loans for £100,000 or more, and a further 14 over £60,000. The purpose of loans listed was predominantly working capital (46) or expansion and growth (35). A property development loan for £322,000 is currently on the marketplace and still available to bid on.
There were 97 new business loans listed last week and there are currently 76 auctions on the marketplace.
The total value of the new listed loans was £5,056,860; that’s an average of £52,132 per loan. The largest loan value was £322,000 and the smallest loan value was £7,000.
Business loans still available for bidding on for the next 3 days or more:
- Award winning cheese maker in Somerset needs £60,500
- Family-run nursery looking for £32,000
- Supplier for bar and catering equipment needs £85,000
- Precision engineering company requires £105,000
- Maritime technology company looking for £72,000
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: 16-Jun represents the week of 16th – 22nd June.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know
We’ve partnered with Santander
Last week we announced an exciting new partnership with Santander UK, which will give thousands of small British businesses greater access to finance. The referral arrangement will see Santander proactively refer small business customers looking for a loan to Funding Circle, where we are better placed to help. This is the first partnership between a UK bank and an online finance provider, and forms part of our commitment to address the challenges of access to finance for creditworthy small businesses.
Investor evening video
Recommend a friend and share £80
If you recommend a friend to Funding Circle and they lend at least £1,000 to businesses, you could each have £40 cashback* paid into your Funding Circle accounts!
Loans defaulted last week
Bus station cafe. Loan ID 252 & 1041
This Yorkshire business has been trading for 11 years and has fallen behind on its repayments in 2014. The original loan amount was £20,000 and 14,000 and all 366 investors have been notified.
Independent travel agent. Loan ID 2179
This business in Middlesex has been trading for 7 years and and has fallen behind on its repayments in 2014. The original loan amount was £15,000 and all 257 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