£14 million was lent to small businesses last week! | Weekly Lending Review
Week 30: 20 – 24 July 2015
Last week, you and other Funding Circle investors, lent more than £14 million to businesses across the UK for a huge variety of purposes. The majority of new businesses looking for funding were in the professional and business support sector and the most popular reason for needing funding was to grow the business.
Record value of new lending opportunities
There are currently 51 loan requests on the marketplace which are all available for you to lend to.
The total value of new loans on the Funding Circle marketplace was a record-breaking £16,316,620, following £13,811,620 last week, and the average loan size was £73,612. The largest loan value was £610,000 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Eco-property specialist needs £316,000 to build 7 new homes in Cornwall
- High street and online retailer is looking for £277,780 to refit a new store
- Property developer needs £305,000 to build 7 homes in Southampton
- Maritime security company requires £150,000 to fund cashflow
- Print agency is looking for £20,000 to manage and fund a new project
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-July represents the week of 20th – 24th July 2015.
Number of listed loans per week
Listed loan value per week
Total amount lent
News you should know
Monthly account summary
We have started including a summary of your account within your monthly newsletter. The change is part of our ongoing commitment to improving communications when loans are late in repaying, or have defaulted on their repayments. Further information about your monthly account summary can be found on our blog.
Loans defaulted last week
Digital agency. Loan 1372. Risk band C
This London business was established in 1996 and is 4 months in arrears.
Creative agency. Loan 4823. Risk band A+
This Essex business was incorporated in 1998 and is 3 months in arrears.
Hygiene specialists. Loan 5168. Risk band C
This Ayrshire business has been running since 2007 and is 3 months in arrears.
IT support service. Loan 7660. Risk band C
This South Yorkshire business was established in 2009 and is 3 month in arrears.
All affected investors have been notified.
Our collections and recoveries team are working to recover the outstanding amounts for all of these loans. Read how our collections and recoveries process works on our blog.
Enjoy lending, The Funding Circle Team