A Lending ISA. Weekly Lending Review

Week 50: 8 – 14 December 2014

It’s the run up to Christmas and the marketplace is busier than ever: you helped lend over £8 million to businesses across the UK last week, making it the fifth consecutive week of lending over £8 million.

Of the new businesses who came to the Funding Circle marketplace last week, the majority were either located in the South East of England or the Midlands, and the most common sector was manufacturing and engineering.

New loans

There are currently 75 auctions on the marketplace which are all available for you to lend to.

The total value of the new listed loans was £10,650,820 averaging at £65,342 per loan. The largest loan value was £250,000 and the smallest loan value was £5,120.

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: 08-Dec represents the week of 8th – 14th December.

Weekly average gross yield (2 weeks rolling)

yield

Number of listed loans per week

number

Listed loan value per week

value

A Lending ISA

Since March we have been working closely with the Treasury and other players in the industry to refine exactly how a peer-to-peer lending ISA would work. Last Friday the consultation came to a close and we wanted to share our recommendations.

Loans defaulted last week

Roofing business. Loan 6485

This Scarborough business has been trading since 2005 and is in administration. All affected investors have been notified.

Digital marketing agency. Loan 4663

This Wymondham business has been trading since 2010 and is in arrears with their repayments. All affected investors have been notified.

Bicycle retailer. Loan 3170

This online business has been trading since 2010 and is in administration. All affected investors have been notified.

Energy business. Loans 1050 and 3201

This Retford business has been trading since 1997 and is in arrears with their repayments. 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

Jack Pritchett

Senior Communications Manager

 

One thought on “A Lending ISA. Weekly Lending Review

  1. What proportion of businesses coming to Funding Circle for funding were located in the South East and what proportion were located in the Midlands?

    Any idea why the weekly average gross yield for B-grade loans has risen above that for C-grade loans?

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