We made it to The Sunday Times 100 Best Companies list! Weekly Lending Review

Week 10: 2 – 8 March 2015

We’re really pleased to have made it onto The Sunday Times Best Companies list, in straight at number 46!

New loans available to you

There are currently 71 loan requests on the marketplace which are all available for you to lend to.

The total value of new Funding Circle loans was £10,916,460, averaging at £66,160 per loan. The largest loan value was £407,000 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: 2-Mar represents the week of 2nd – 8th 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

News you should know

No change to minimum bid rates for April

Minimum bid rates will remain at their current levels for April:

A+: 6%

A: 8%

B: 9%

C: 10.2%

C-: 12.2%

Funding Circle named in Sunday Times 100 Best Companies

We’re absolutely thrilled to have made it to number 46 in The Sunday Times 100 best companies to work for! More than 570 firms entered and we’re excited to have done so well in what was our first year of entering. Interested in joining the team? Take a look at our jobs page for more information.

Join the conversation

David T, our VP of engineering, answered your techie questions on our community forum. You can join the conversation.

Loans defaulted last week

Off license. Loan 5972. Risk band B

This Liverpool business is in arrears with their repayments. All affected investors have been notified.

Mobility equipment supplier. Loan 4215. Risk band B

This Manchester business has been incorporated since 1997 and is in liquidation. All affected investors have been notified.

Advisory services. Loans 5627 & 2569. Risk band C

This London business was established in 2006 and is in liquidation. All affected investors have been notified.

Legal firm. Loan 2122. Risk band C

This Nottinghamshire business was established in 2008 and is behind 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