Helping businesses buy assets. Weekly Lending Review
Week 8: 16 – 22 February 2015
Of the new loans that were listed on the marketplace last week, London and the South East were the most popular business locations and expansion was the most common reason for needing funding.
New loans available to you
There are currently 79 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £11,654,900, averaging at £62,661 per loan. The largest loan value was £225,000 and the smallest loan value was £6,000.
Business loans still available for bidding on for the next 3 days or more:
- Water filtration provider is looking for a £62,500 loan
- Sustainable development company requires a £50,000 loan
- Flooring distributor needs a £80,000 loan
- Italian restaurant near Glasgow is looking for a £78,140 loan
- IT business requires a £95,000 loan
- Property developer is looking for a £225,000 loan to build 9 flats
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, value of loans and the amount lent are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 16-Feb represents the week of 16th – 22nd February 2015.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
Total amount lent
Loan parts available to buy from other investors
Lending to more businesses looking to buy an asset
We’re pleased to announce that we are trialling a new process for asset finance loans. We’ve helped businesses access finance secured on a specific asset (such as a piece of machinery) since 2012 and we have recently reviewed how we can improve this experience, which we explain more in our blog.
Loans defaulted last week
Design agency. Loan 3446. Risk band C
This London business was established in 2009 and is in liquidation. All affected investors have been notified.
Solicitors. Loan 5102. Risk band C
This Manchester business has been incorporated since 2012 and is in arrears with their repayments. All affected investors have been notified.
Plumbing provider. Loans 2900 & 6278. Risk band C
This Telford business was established in 2001 and is entering liquidation. 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