Record value of new lending opportunities | Weekly Lending Review

Week 45: 2 – 6 November 2015

We’ve been shortlisted at the Consumer Moneyfacts Awards 2016 for Peer-to-peer Provider of the Year, which helps the public make the most of their money by showcasing the very best products and providers available when looking at their personal finances.

Voting takes a couple of minutes and we’d really appreciate your vote.

Record value of new lending opportunities

There are currently 31 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £16,188,020 averaging at £73,496 per loan. The largest loan value was £450,000 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and bad debts. Your actual return may be higher or lower as 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: 2-Nov represents the week of 2nd – 6th November 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 45 Yield

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

Number of listed loans per week

WLR 45 Loans listed

Listed loan value per week

WLR 45 Loan value

Total amount lent

Amount lent

Loan parts available to buy from other investors

WLR 45 Loan parts

Loans defaulted last week

Care service. Loan 3661. Risk band C

This South Ayrshire business has been running since 2004 and ceased trading in August .

Farm. Loan 5826. Risk band D

This County Down business was established in 2014 and has ceased trading.  

Metal workshop. Loan 15188. Risk band C

This Herefordshire business has been running since 2009 and was placed into liquidation in  November.

Audio technology specialists. Loan 8277. Risk band A

This Berkshire business was established in 2009 and is commencing steps to be placed into liquidation.

Creative agency. Loan 4030. Risk band D

This Plymouth business has been running since 2009 and is proposing a Company Voluntary Arrangement.

Online clothing retailer. Loan 1000. Risk band B

This Gloucestershire business was established in 2005 and has consistently failed to make its repayments.

Cycle shop. Loan 11303. Risk band D

This Solihull business has been running since 2010 and is being placed into insolvent liquidation.

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

Rob McCorquodale