Record-breaking start to the year | Weekly Lending Review
Week 14: 30 March – 2 April 2015
During the first quarter of 2015 (1 January to 31 March) 1817 businesses borrowed £110 million through the marketplace. This means 50% more businesses borrowed in comparison to the same period last year, thanks to your lending.
New loans available to you
There are currently 51 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £9,118,000, averaging at £68,000 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:
- Family-run farm veterinary service requires £150,000
- A hairdressers is looking for £15,000 to expand into beauty and nails
- Ethical tea and coffee wholesaler requires £70,000 to move to larger premises
- London-based film production company needs £25,000
- A construction company is looking for £400,000 to build 14 energy efficient eco homes
- Welsh cleaning business needs £70,000 to purchase new machinery
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: 30-Mar represents the week of 30th March – 2nd April 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
IT support service. Loan 6526. Risk band C-
This Surrey business has been incorporated since 2011, and will shortly be liquidated. All affected investors have been notified.
Heating Engineers. Loan 5694. Risk band B
This North West business has been running since 2005, 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