Highlights from our third investor evening | Weekly Lending Review

Week 33: 10 – 14 August 2015

Last month we had the pleasure of welcoming investors into our London office. We filmed the event and will be publishing three videos in the coming weeks, which will include an introduction of the new risk band and how lending through marketplaces will be included within an ISA wrapper next year. Watch the highlights from our third investor evening on the blog.

New loans available to you

There are currently 29 loan requests on the marketplace which are all available for you to lend to.

If you are lending to less than 100 businesses 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, why it’s so important and how you can diversify at Funding Circle.

The total value of new loans listed on the Funding Circle marketplace was £13,099,680, averaging at £75,080 per loan. The largest loan value was £480,000 and the smallest loan value was £5,000.

Business loans still available for bidding on:

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: 10-Aug represents the week of 10th – 14th 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)

WLR 33 Yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 33 Loans listed

Listed loan value per week

WLR 33 Value

Total amount lent

WLR 33 Lent

Loan parts available to buy from other investors

WLR 33 loan parts

Loans defaulted last week

Health & safety training company. Loan 4876. Risk band D

This West Yorkshire business was established in 2007 and the borrower has been placed in administration.

Local information service. Loan 5100. Risk band C

This Worcestershire business was incorporated in 2010 and the borrower has been placed into liquidation.

Helicopter services. Loan 5749. Risk band C

This County Antrim business has been running since 2009 and is two months in arrears.

Online fashion store. Loan 5891. Risk band D

This Northern Ireland business was incorporated in 2014 and is four months in arrears.

Web solutions. Loan 3437. Risk band D

This London business was established in 2008 and is four months in arrears.

Riverside marine & leisure limited. Loan 9860. Risk band D

This Cambridgeshire business was incorporated in 2005 and is looking to enter insolvent liquidation.

Property repair company. Loan 5286. Risk band D

This Kent business has been running since 2005 and is two months 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

 

Rob McCorquodale