Providing you with more information. Weekly Lending Review
Week 11: 9 – 15 March 2015
Over the past week we have been using a new system to help you assess the quality of any loans that have defaulted, by improving the loan comments you see in your summary page. We hope this is useful going forward and look forward to hearing your feedback on our new system.
New loans available to you
There are currently 73 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £11,219,800, averaging at £57,537 per loan. The largest loan value was £325,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Developers are looking for a loan to build 9 flats in East London
- London orthodontist is looking for a £184,600 loan
- A small property business wants to renovate 9 flats in Bournemouth
- Construction company requires a £75,000 loan
- Building contractor requires £20,000 for working capital
- Repairs business needs a £55,000 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: 9-Mar represents the week of 9th – 15th 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
Providing more information around defaulted loans
If you have any defaulted loans you may have noticed that we now apply a RAG (Red, Amber, Green) rating system, also known as a Traffic Light system, in the Loan Comments on your dashboard. The purpose of the new system is to help you assess the quality of your defaulted loans, and your expected return over a certain period of time.
Loans defaulted last week
Holiday provider. Loan 5386. Risk band C
This Hounslow business has been running since 2006 and is in arrears with their repayments. All affected investors have been notified.
Haulage provider. Loan 3807. Risk band C
This West Yorkshire business has been incorporated since 2010 and is in liquidation. All affected investors have been notified.
Textile machinery manufacturer. Loan 4264. Risk band B
This Kent business was established in 2009 and has ceased trading. 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