The final Weekly Lending Review of 2015. Merry Christmas!

Week 51: 14 – 18 December 2015

There’s only a few days left until Christmas and we’ve been busy making sure there are a number of lending opportunities available to you over the festive period. Funding Circle’s Global CEO Samir Desai also has a special message for investors in the final instalment of The Ultimate Christmas Gift Guide 2015.

This will be the last weekly lending review of 2015: we’ll be back in touch in the week commencing 4th January. We hope you all have a nice break!

New loans available to you

There are currently 36 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 £16,925,400 averaging at £71,363 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: 14-Dec represents the week of 14th – 18th December 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 51 yield

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

Number of listed loans per week

WLR 51 loans listed

Listed loan value per week

WLR 51 loan value

Total amount lent

WLR amount lent

Loan parts available to buy from other investors

Highlights from 2015

As 2015 draws to a close, we wanted to take a moment to share with you some of the highlights from this year. We teamed up with our colleagues in the US, Germany, Spain and the Netherlands to put together a short video. You’ll meet members of the Funding Circle team, watch some of our favourite borrowers from the year, and hopefully get a sense of how you’re helping businesses access the finance they need to grow.

New forum

To start the new year in style we’ll be moving to a new forum. We’ll provide further information in due course.

Loans defaulted last week

Equestrian centre. Loan 8141. Risk band A+

This Cornwall business has been struggling to make repayments since September 2015.

Web development company. Loan 2783. Risk band A+

This Manchester business has been running since 2007 and is looking to enter insolvent liquidation.

Electrical installation specialists. Loan 2214. Risk band C

This Yorkshire business was established in 2002 and is being placed in creditors’ voluntary liquidation.

Garage. Loan 6875. Risk band B

This West Sussex business has been running since 2004 and has been placed in creditors’ voluntary liquidation.

Commercial movers. Loan 15118. Risk band C

This Cambridgeshire business was established in 2007 and has been placed in creditors’ voluntary liquidation.

Online furniture shop. Loan 3328. Risk band C

This Northamptonshire business has been running since 2004 and has been placed in creditors’ voluntary liquidation.

Digital agency. Loan 12302. Risk band C

This Suffolk business was established in 2013 and is proposing a company voluntary arrangement.

Building maintenance company. Loan 14456. Risk band A

This West Sussex business has been running since 2010 and is looking to enter 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