You’ve helped build over 400 new homes! | Weekly Lending Review
Week 18: 27 April – 1 May 2015
Funding Circle investors have now lent more than £50 million to small businesses who develop property, helping to build over 400 new homes across the country!
New loans available to you
There are currently 54 loan requests on the marketplace which are all available for you to lend to.
The total value of new Funding Circle loans was £7,661,060, averaging at £59,852 per loan. The largest loan value was £565,000 and the smallest loan value was £6,200.
Business loans still available for bidding on for the next 3 days or more:
- Interior design company needs £25,000 to move to larger premises
- North East mining company needs £103,100 to invest in new equipment
- Property developer is looking for £450,000 to build 14 eco homes
- Manchester print company needs £62,500 for paper supply and stock
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: 27-Apr represents the week of 27th April – 1st May 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
Blacksmiths. Loan 4027. Risk band A
This Perthshire business has been running since 2003, and has entered liquidation. All affected investors have been notified.
Refurbishment and building support business. Loan 2739. Risk band A
This Derbyshire business has been incorporated since 2003, and has entered insolvent liquidation. All affected investors have been notified.
Building contractors. Loan 4578. Risk band B
This Staffordshire business has been running since 1999, and their payment plan has overrun. 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