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:

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)

yield

Number of listed loans per week

number

Listed loan value per week

value

Total amount lent

lent

Loan parts available to buy from other investors

secondary

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

Jack Pritchett

Senior Communications Manager

 

3 thoughts on “Building more homes by offering new lending opportunities. Weekly Lending Review

  1. Am I the only one worried by the increasing proportion of loan requests rated as A+? Have the criteria (what are they, by the way?) been changed?

  2. I haven’t received a response to my question on the last ‘Weekly Lending Review’ post:

    “Whether or not I decide to invest any more this year, next year, or in a different P2P platform may come down to how the transition into a P2P ISA is handled. Have you already made any decisions on this, specifically, will it be possible to move existing loans into the ISA bracket? Or will this option only be available to new loans?”

    Am I to take it that only new loans will qualify, and I should hold onto my money this year?

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