A record-breaking £47.5 million lent to businesses in July! | Weekly Lending Review
Week 31: 27 – 31 July 2015
A record-breaking £47.5 million was lent to businesses across the UK through the Funding Circle marketplace in July, thanks to your lending.
There are a wide variety of opportunities on the marketplace for you to lend to, including a property developer building 4 new homes in Wigan and a fundraising business looking to expand. Remember, by lending to businesses your capital is at risk.
New loans available to you
There are currently 46 loan requests on the marketplace which are all available for you to lend to.
If you are lending to less than 100 businesses (and are not part of the 100 club) you may be missing out on a more stable return. We’ve created a short video which runs through the basics of diversification, which simply means lending small amounts of money to lots of different businesses, and how you can diversify at Funding Circle.
The total value of new loans listed on the Funding Circle marketplace was £11,440,520, averaging at £84,304 per loan. The largest loan value was £515,480 and the smallest loan value was £5,000.
Business loans still available for bidding on for the next 3 days or more:
- Property developer needs £480,000 to build 3 new homes in Liverpool
- B&B in Wales is looking for £34,740 to improve the business
- Family-owned farm requires £51,560 to install solar panels
- Construction business needs £400,000 to build 3 houses in Oxford
- Electronic angler requires £70,000 to introduce a new product range
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-July represents the week of 27th – 31st July 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
News you should know
We’re making some small changes to our investor terms and conditions this week, mainly to clarify how the marketplace works and to comply with regulation. More information about the specific changes can be found on our blog.
If you have any questions please contact our customer service team who will be happy to help.
Loans defaulted last week
IT recruiter. Loan 4315. Risk band D
This Hertfordshire business was established in 2007 and is 5 months in arrears.
Video game retailer. Loan 8570. Risk band B
This Angus business was incorporated in 2012 and has ceased trading.
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