Lend to businesses on us | Weekly Lending Review

Week 4: 18 – 22 January

Are you taking advantage of our refer a friend promotion? If you recommend a friend to Funding Circle, and they lend £1,000 to businesses by the end of February, you could lend to British businesses on us as you’ll both earn £50 cashback paid into your accounts. Terms and conditions apply.

New loans available to you

There are currently 38 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 £18,624,860 averaging at £71,089 per loan. The largest loan value was £500,000 and the smallest loan value was £5,220.

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: 18-Jan represents the week of 18th – 22nd 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)

WLR 4-16 Yield

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

Number of listed loans per week

WLR 4-16 Loans listed

Listed loan value per week

WLR 4-16 loan value

Total amount lent

WLR 4-16 amount lent

Loan parts available to buy from other investors

WLR 4-16 loan parts

Loans defaulted last week

Interior design business. Loan 4574. Risk band D

This Warwickshire business was established in 2014 and has become unresponsive.

Vocational training specialist. Loan 5609. Risk band B

This Worcestershire business has been running since 2010 and is two months in arrears.

Yoga studio. Loan 2515. Risk band C

This Leicestershire business was established in 2009 and is being placed into insolvent liquidation.

Pizza delivery service. Loan 9208. Risk band D

This London business has been running since 2009 and is late in making repayments.

Kitchen design business. Loan 9072. Risk band D

This Nottinghamshire business was established in 2006 and is being placed into insolvent liquidation.

Printers. Loan 3749. Risk band A

This Nottinghamshire business has been running since 1982 and was placed into administration during November 2016.

Online retailer. Loan 5067. Risk band A

This Oxfordshire business was established in 2010 and has ceased trading.

Car sales showroom. Loan 5763. Risk band A

This Cheshire business has been running since 2003 and is being placed into creditors’ voluntary 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 how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, The Funding Circle Team

Rob McCorquodale