Did you lend to uniform designers Fashionizer? | Weekly Lending Review
Week 34: 17 – 21 August 2015
Last month we were in Chiswick visiting bespoke uniform designers, Fashionizer. The award-winning company was launched 20 years ago by costume designer Debbie Leon when she identified a gap in the market for luxury uniform design. In our latest case study video you’ll meet the Fashionizer team and learn the three key elements to uniform design.
Fashionizer Limited was the first company to receive part of their loan from the Government’s Business Bank* and since 2013, has borrowed over £195,000, across three business loans.
New loans available to you
There are currently 50 loan requests on the marketplace which are all available for you to lend to.
The total value of new loans listed on the Funding Circle marketplace was £12,305,400 averaging at £81,075 per loan. The largest loan value was £400,000 and the smallest loan value was £7,740.
Business loans still available for bidding on:
- Established developer is looking for £300,000 to develop a former public house
- Magazine publisher needs £21,060 to expand into the digital publishing market
- Automotive engineer requires £111,120 to invest in new equipment
- Property developer needs £350,000 to purchase a hotel in Eastbourne
- Public relations consultancy requires £51,820 to assist future development
Weekly marketplace trends
These graphs show the most recent activity on the marketplace. The dates on the graph should be read as ‘week beginning’, for example: 17-Aug represents the week of 17th – 21st August 2015.
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 (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). You can view the latest gross interest rates accepted on the marketplace on our statistics page.
Weekly average gross yield (2 weeks rolling)
Number of loans, value of loans and amount lent are reported weekly.
Number of listed loans per week
Listed loan value per week
Loans defaulted last week
Interior design shop. Loan 5536. Risk band B
This West Sussex business was established in 1998 and the guarantor has become unresponsive.
Rare book specialist. Loan 129. Risk band A
This Gloucestershire business was incorporated in 2000 and is three months in arrears.
Convenience store. Loan 4806. Risk band B
This Essex business has been running since 2012 and is three months in arrears.
Property investment company. Loan 10663. Risk band D
This West Midlands business is two months in arrears.
Petrol stockists. Loan 2546. Risk band A
This County Durham business was established in 2000 and the loan is four months in arrears.
We’ve been improving our communications regarding defaulted loans; launching the RAG rating system and including an account summary within your monthly newsletter. Together, these changes provide a regular, comprehensive overview of your account activities, and have replaced individual bad debt emails. You can still see your most recent defaults by reviewing comments in your summary page from noon every Thursday. Read more about how we’re improving loan communications on the blog.
Enjoy lending, The Funding Circle Team
*Funding Circle is supported by the British Business Bank, a development bank wholly owned by the UK Government. British Business Bank and its subsidiaries do not offer bank accounts, take deposits or provide regulated banking services. British Business Bank provides its financial support to smaller businesses through its delivery partners. Any decisions to provide finance to smaller businesses are made by Funding Circle not by the British Business Bank.