Will you take advantage of pension freedoms? | Weekly Lending Review
Week 15: 7 – 10 April 2015
Ahead of the pension changes that will allow you to draw down your savings as cash, we’re interested in what you are planning to do. Please take part in our short survey and we’ll share the results with you.
New loans available to you
There are currently 42 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £6,609,740, averaging at £67,000 per loan. The largest loan value was £460,000 and the smallest loan value was £6,000.
Business loans still available for bidding on for the next 3 days or more:
- Family-run business requires £100,000 to buy scaffolding
- Scottish security systems company needs £50,000
- Veterinary clinic is looking for £30,000 to increase their online presence
- Jewellery manufacturer needs £25,000 to purchase bullion and precious stones
- HR Consultancy is looking for £50,000 to expand
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: 6-Apr represents the week of 6th – 12th 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
Kitchen designers. Loan 4193. Risk band C-
This Essex business has been incorporated since 2010, and will shortly be liquidated. All affected investors have been notified.
Seafood distributors. Loan 6497. Risk band A
This Lincolnshire business has been running since 2006, and is in administration. 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