It was a record-breaking week at Funding Circle as close to 180 businesses were listed on the marketplace, with a total loan value of over £11 million. You helped lend £9.3 million to businesses in the last week alone, so thank you all for your continued support!
The majority of businesses listed on the marketplace last week were located in the North West of England, and the most popular reason for needing funding was expansion.
There were 179 new business loans listed last week and there are currently 64 auctions on the marketplace, available for you to lend to.
The total value of the new listed loans was £11,086,300; averaging at £65,331 per loan. The largest loan value was £450,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- High Street letting agency requires a £49,500 loan
- London-based property development company needs a £345,000 loan
- Dairy-farm is looking for a £41,900 loan
- Family-run bicycle retailer requires a £135,420 loan
- Printing equipment retailer is looking for a £156,260 loan
- Safety provider needs a £206,200 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: 17-Nov represents the week of 17th – 23rd November.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
1% cashback ends this week!
There are still loans on the marketplace which have 1% and 2% cashback available on lending to them, so place your bids before it’s too late! Remember, by lending to businesses your capital is at risk. Terms and conditions apply.
Have your technical questions answered
We’ve started a thread on our forum to answer any technical questions you have. David, our VP of Engineering will be on hand once a month answer them. Post them before Tuesday 2nd December for the first session.
Loans defaulted last week
Vehicle hire company. Loan 5702
This Rotherham business has been trading since 2004 and is experiencing financial difficulties. The original loan amount was £156,260 and all affected 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