More than 80 new loans! Weekly Lending Review

Week 5: 26 January – 1 February 2015

It’s been another busy week at Funding Circle as there are more than 80 new lending opportunities available to you on the marketplace right now, so place your bids before it’s too late! Remember, by lending to businesses your capital is at risk.

Retail and property and construction were the 2 most common business sectors, and expansion was the most popular reason for needing funding.

New loans available to you

There are currently 85 loan requests on the marketplace which are all available for you to lend to.

The total value of new Funding Circle loans was £12,457,780 averaging at £62,918 per loan. The largest loan value was £382,500 and the smallest loan value was £6,200.

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-Jan represents the week of 25th January – 1st February 2015.

Weekly average gross yield (2 weeks rolling)

yield

Number of listed loans per week

number

Listed loan value per week

value

We made it onto the 2015 FinTech 50 list!

For the second year running, we’ve made it on to the FinTechCity list; a list of 50 of Europe’s most promising FinTech companies. Thank you all for your continued support!

We’re here to answer the questions you have

Join us on the forum this week to ask your tech and website related questions. We’ll have David T, our VP of Engineering answering them all next week.

Loans defaulted last week

Facade installation company. Loan 6242

This London business has been trading since 2008 and they are entering liquidation. All affected investors have been notified.

Windsor Pub. Loan 8296

This business has been trading since 2009 and has entered into administration. All affected investors have been notified.

Fixtures and fittings business. Loan 5481

This Hampshire business has been trading since 2005 and is in arrears with their repayments. All affected investors have been notified.

Scientific consumables company. Loan 5476

This Northamptonshire business has been trading since 2008 and has entered into formal insolvency proceedings. All affected investors have been notified.

Care home. Loan 4985

This Worcestershire business has been trading since 2009 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

 

2 thoughts on “More than 80 new loans! Weekly Lending Review

  1. Could you explain why the most recent loans seem to be presented with far less key business information than before. There have even been a couple of loan requests where the business information was just 1 sentence. Is there a policy change here or some other issue? Secondly, it would be really helpful if, by default you could provide the borrowers web site address as a default.

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