$150 million investment to fuel growth | Weekly Lending Review

Week 17: 20 – 24 April 2015

Last week we were delighted to announce that we had completed a $150 million equity investment. This latest round of funding will help us to continue to improve our offer for both borrowers and investors; helping more businesses borrow, and improving the investment experience for all of our investors. Read more about the announcement on the blog.

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 £8,907,920, averaging at £65,499 per loan. The largest loan value was £400,000 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: 20- Apr represents the week of 20th – 24th April 2015.

Weekly average gross yield (2 weeks rolling)

Yield

Number of listed loans per week

Loans listed

Listed loan value per week

Loan Value

Total amount lent

Amount Lent

Loan parts available to buy from other investors

Loan parts available

Positively perfect picnic ideas from your favourite Funding Circle businesses

Summer is coming. The weather is slowly improving and we have two May Bank Holidays to look forward to. Make it a summer to remember by showing your support to small businesses across the country with our positively perfect picnic ideas. Read about preparing the perfect Funding Circle picnic on the blog.

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

Digital Media Agency. Loan 5069. Risk band A

This Bedfordshire business has been running since 1999, and has entered into administration. All affected investors have been notified.

Restaurant. Loan 5219. Risk band C-

This Argyll business has been incorporated since 2012, and is late in its 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

 

Rob McCorquodale