A record value of lending opportunities | Weekly Lending Review

Week 8: 15 – 19 February

Last week, you and other investors helped 214 businesses across the UK access £15.5 million through the Funding Circle marketplace. Of the new loans listed, the South East was the most popular location, and property and construction was the most popular sector.

New loans available to you

There are currently 51 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 a record-breaking £20,923,960 averaging at £72,558 per loan. The largest loan value was £512,500 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. 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: 15-Feb represents the week of 15th – 19th February.

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 8 Yield

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

Number of listed loans per week

WLR 8 loans listed

Listed loan value per week

WLR 8 loan value

Total amount lent

WLR 8 amount lent

Loan parts available to buy from other investors

WLR 8 loan parts

News you should know

ISAs at Funding Circle are coming soon!

We’re gearing up for the launch of the marketplace lending ISA in April, a seminal moment for our industry. Read what the new ISA means for Funding Circle investors, and we answer some of the top questions we’ve received, on the blog.

Loans defaulted last week

Crushing equipment specialist. Loan 4994. Risk band A

This Carmarthenshire business was established in 1998 and is four months in arrears.

Pet shop. Loan 14036. Risk band D

This Lincolnshire business has been running since 2003 and is behind with repayments.

Vehicle repair specialist. Loan 13042. Risk band C

This Greater Manchester business was established in 2009 and has ceased trading.

Loft insulation installers. Loan 14012. Risk band A+

This Cheshire business has been running since 2011 and has been placed in creditors’ voluntary liquidation.

Extreme sports specialist. Loan 11073. Risk band A

This Tyne and Wear business was established in 2007 and has ceased trading.

Metal gate manufacturer. Loan 2963. Risk band B

This London business has been running since 2008 and has become unresponsive after missing repayments

Stockbroker. Loan 17150. Risk band A+

This Cumbria business was established in 2010 and has become unresponsive after missing repayments.

Air conditioning company. Loan 13339. Risk band A

This East Sussex business has been running since 2010 and is proposing a company voluntary agreement.

Cleaning business. Loan 13062. Risk band B

This Kent business is seeking legal advice for bankruptcy.

Web developers. Loan 2433. Risk band C

This Nottinghamshire business has been running since 2005 and is consulting an insolvency practitioner.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above 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