No tricks, just treats | Weekly Lending Review
Week 42: 12 – 16 October 2015
Halloween’s approaching, but don’t be afraid. We’ve put together a list of ideas to make sure your friends and family have a frighteningly fun time. Read our guide to a spooky Halloween on the blog.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £13,839,260 averaging at £83,145 per loan. The largest loan value was £463,000 and the smallest loan value was £6,000.
Business loans available to bid on:
- Accountants in West Sussex require £75,000 to employ more staff
- Leading wholesaler and exporter needs £250,000 to increase stock
- Property developer is looking for £400,000 to build 11 new homes in Northamptonshire
Loan parts available for you to buy:
- Petrol station business in Essex is refurbishing. Gross interest rates from 10.1 – 13.1%
- Established property developer is acquiring a site in Croydon. Gross interest rates from 7.0 – 10.3%
- Private surgical and cosmetic clinic is expanding to a new branch. Gross interest rates in 5.9 – 9.6%
Your actual return may be higher or lower as by lending to businesses, your capital is at risk.
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: 12-Oct represents the week of 12th – 16th October 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.
Number of loans, value of loans and amount lent are reported weekly.
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 always keen to hear your feedback
Would you be happy to provide a testimonial about your experience of Funding Circle? Provide feedback in just a couple of minutes by clicking here.
Things we’re talking about
We’re on-hand to talk about the move to fixed rates on the forum. You can join the conversation here.
Loans defaulted last week
Night club. Loan 2970. Risk band C
This Oxfordshire business has been running since 2006 and has proposed a Company Voluntary Arrangement.
Garage. Loan 10070. Risk band A
This Derbyshire business was established in 2005 and is being placed into Creditors Voluntary Liquidation.
Online bookshop. Loan 3133. Risk band C
This Surrey business has been running since 2008 and has been placed into Creditors Voluntary Liquidation.
Marketing agency. Loan 7170. Risk band A
This London business was established in 2005 and is being placed into insolvent liquidation.
Convenience store. Loan 9128. Risk band C
This East Sussex business has been running since 2003 and has proposed a Company Voluntary Arrangement.
Our collections and recoveries team are working to recover the outstanding amounts for all of these loans and they will provide you with updates in the loan comments section on your summary page. Read more about how our collections and recoveries process works on our blog.
Enjoy lending, The Funding Circle Team