Building more homes by offering new lending opportunities. Weekly Lending Review
Week 9: 23 February – 1 March 2015
February was a fantastic month for lending as £38.5 million made its way to small businesses across the UK.
New loans available to you
There are currently 56 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £10,651,780, averaging at £64,000 per loan. The largest loan value was £350,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Software developers need a £182,300 loan
- Developers are looking for a second tranche of funding for their London development
- Leeds’ largest brewery requires a £50,000 loan
- Precision machine subcontractor is looking for a £60,000 loan
- Refrigeration company needs a £45,000 loan
- Family-run barber shop requires a £65,000 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, value of loans and amount lent are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 23-Feb represents the week of 23rd February – 1st March 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
Offering the full suite of property loans
Over the last 12 months we have received a significant number of enquiries from businesses interested in taking shorter-term loans for property finance. In order to meet this demand, we are broadening the types of loans you’ll be able to lend to over the coming months.
Loans defaulted last week
Printing company. Loan 2398. Risk band C
This Caerdydd business was established in 1987 and is in liquidation. All affected investors have been notified.
Law firm. Loan 4015. Risk band A
This Merseyside business has been incorporated since 2008 and is in arrears with their repayments. All affected investors have been notified.
Contractor. Loan 1761. Risk band C
This Suffolk business was established in 2007 and is in arrears with their repayments. All affected investors have been notified.
Insurance broker. Loan 1221. Risk band B
This Northampton business was established in 2008 and is behind with their repayments. All affected investors have been notified.
Online retailer. Loan 5494. Risk band A
This Essex business was established in 2010 and is in 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