August’s industry news. Weekly Lending Review

Week 35: 25 –  31 August 2014

Despite the short week, it was a great week for lending as £5.9 million made its way to businesses across the country, thanks to your lending.

We also saw 97 businesses come to the marketplace; resulting in £6 million of new lending opportunities. The majority of loans were allocated to the A risk band, and the most popular business region was the South East.

New loans

There were 97 new business loans listed last week and there are currently 64 auctions on the marketplace.

The total value of the new listed loans was £6,022,920; that’s an average of £62,092 per loan. The largest loan value was £206,200 and the smallest loan value was £8,340.

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: 25-Aug represents the week of 25th – 31st August.

Weekly average gross yield (2 weeks rolling)


Number of listed loans per week


Listed loan value per week


News you should know

We met Kevin, a Funding Circle investor, and Mike, a business owner

Last week we mentioned that we’d be inviting investors to meet some businesses they’ve lent to. The first trip was to Moo Free, a dairy-free chocolate manufacturer in Reading. We met Kevin, who’s been lending to businesses for 18 months, and Mike, who took out a business loan last year. Watch out for the video to come shortly!

Highlights from August’s P2P news, including the world’s largest P2P lender

In this month’s roundup we have reports of bank lending to businesses falling and news of Lending Club, the world’s largest P2P lender, announcing plans to file for IPO.

No loans were defaulted last week


Enjoy lending, The Funding Circle Team


Jack Pritchett

Senior Communications Manager