6 reasons to choose Funding Circle for your Innovative Finance ISA | Weekly Lending Review
Week 10: 29 February – 4 March
We’re gearing up for the launch of of the new ISA in just under a month! We’ll be confirming more details on how you can open your Funding Circle ISA over the coming weeks, but ahead of the launch, we’ve put together 6 key reasons why we believe Funding Circle is the best platform for your new Innovative Finance ISA.
If you have any questions please contact our customer service team who will be happy to help.
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New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £19,309,860 averaging at £78,591 per loan. The largest loan value was £480,000 and the smallest loan value was £5,000.
Business loans available to bid on:
- Architect in London looking for £157,900 cash flow
Gross interest rate 11.9%
- Stretch tent specialist needs £52,100 to invest in equipment
Gross interest rate 8.3%
- Property developer requires £338,300 to build a new family home in Highbury
Gross interest rate 8.0%
- Family-run estate agents in Wales needs £104,180 to employ four new staff
Gross interest rate 10.6%
- Commercial vehicle bodyshop requires £163,060 for working capital
Gross interest rate 10.6%
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: 29-Feb represents the week of 29th February – 4th March.
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
News you should know
Former Executive Board Member of the European Central Bank joins Funding Circle
We’re delighted to welcome high profile German economist and policy-maker Jörg Asmussen, former Executive Board Member of European Central Bank, as the newest member of the Funding Circle board. Read more about the appointment on the blog.
Loans defaulted last week
Restaurant. Loan 13488. Risk band A
This Surrey business was established in 2011 and is three month in arrears.
Building conservation. Loan 2194. Risk band B
This Edinburgh business has been running since 2001 and has been placed into provisional liquidation.
Engineers. Loan 6403. Risk band C
This Tyne and Wear business was established in 2010 and been dissolved by Companies House.
Interior designers. Loan 8940. Risk band C
This London business has been running since 2008 and is being placed into liquidation.
Marketing agency. Loan 14106. Risk band D
This London business was established in 2002 and has ceased trading.
Mattress manufacturer Loan 8701. Risk band A
This Leeds business has been running since 2006 and has been placed into administration.
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