Did you help 146 businesses access finance last week? | Weekly Lending Review
Week 2: 4 – 8 January
Last week, you and others investors helped 146 businesses across the UK access £8.4 million through the Funding Circle marketplace. Of the new loans listed, the South East was the most popular business location, and property & construction was the most popular sector.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £12,841,520 averaging at £57,490 per loan. The largest loan value was £286,120 and the smallest loan value was £5,120.
Business loans available to bid on:
- Car salesroom in Surrey is looking for £210,540 to increase stock
- Pharmaceutical company needs £250,420 to open a new retail outlet
- Property developer is looking for £70,880 to construct a model home in Devon
- Telecommunications provider in London requires £20,000 to expand
- Medical insurance broker in Cambridge needs £109,000 to open a new office
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: 4-Jan represents the week of 4th – 8th January.
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
Total amount lent
Loan parts available to buy from other investors
Loans defaulted last week
Sports events business. Loan 9587. Risk band C
This Wiltshire business was established in 2011 and is being placed into liquidation.
Biomass specialist. Loan 10563. Risk band B
This Lincolnshire business has been running since 2008 and was placed into liquidation during October 2015.
Vehicle recovery management. Loan 1829. Risk band C
This Surrey business was established in 1996 and was placed into liquidation during July 2015.
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 how our collections and recoveries process works (part one and part two) on our blog.
Enjoy lending, The Funding Circle Team