Watch how a business you lent to grew in just 4 years. Weekly Lending Review
Week 38: 15 – 21 September 2014
£5.2 million was lent to businesses last week and there are currently 57 new businesses on the marketplace, available for you to lend to.
Last week, 25 loans were listed for over £100k and there are currently five property developments loans in Kent and London on the marketplace.
There were 110 new business loans listed last week and there are currently 57 auctions on the marketplace.
The total value of the new listed loans was £6,878,880; that’s an average of £62,535 per loan. The largest loan value was £300,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Residential developers need a £300,000 loan for a development in Richmond
- A boutique fine dining and wedding venue requires a £156,260 loan
- Forklift truck company is looking for a £52,100 loan
- Perfume retailer needs a £104,180 loan
- Property developers in Kent need £273,000 to build new homes
- Innovative software development company requires a £98,500 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: 15-Sep represents the week of 15th – 21st September.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
News you should know about
MooFree, a manufacturer of dairy free chocolate and a Funding Circle borrower, is now exporting worldwide thanks to your lending. Watch our latest video case study.
Loans defaulted last week
Painting & decorating firm. Loan ID 4039
This Scottish business has been trading for eight years and has been placed into insolvent voluntary liquidation. Since then, they have fallen behind with their repayments. The original loan amount was £40,000 and all 835 investors have been notified.
Building contractor. Loan ID 2073
This South West business has been trading for nineteen years, and we have been advised that the company is due to be placed into insolvency liquidation. They have fallen behind with their repayments by a month. The original loan amount was £60,000 and all 846 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