Did you help 167 businesses access finance last week? | Weekly Lending Review

Week 13: 21 – 24 March

Last week, you and other investors helped 167 businesses across the UK access £13.2 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

There are currently 46 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £13,839,420 averaging at £79,233 per loan. The largest loan value was £407,620 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: 21-Mar represents the week of 21st – 24th 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)

WLR 13-16 yield

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

Number of listed loans per week

WLR 13-16 loans listed

Listed loan value per week

WLR 13-16 loan value

Total amount lent

WLR 13-16 amount lent

Loan parts available to buy from other investors

WLR 13-16 loan parts

News you should know

We’re very much looking forward to the launch of the Funding Circle Innovative Finance ISA next month. We are hoping to have full authorisation from the regulator soon which will enable us to apply to become an ISA Manager. You can keep up to date with progress and join the conversation about ISAs on the forum.

Loans defaulted last week

Property rental business. Loan 9742. Risk band C

This Devon business has been running since 2011 and has been placed into liquidation.

Builder. Loan 18106. Risk band B

This West Lothian business was established in 2011 and has become unresponsive after missing repayments.

Shop. Loan 5695. Risk band B

This Kent business has been running since 2011 and was placed into liquidation in August.

Machinery specialist. Loan 1762. Risk band C

This Oxfordshire business was established in 1981 and was placed into liquidation in March.

Clothing designer. Loan 16690. Risk band A+

This London business has been running since 2011 and was placed into administration in March.

Care home. Loan 7538. Risk band C

This Hull business was established in 2009 and was placed into administration in February.

Saddle fitting specialist. Loan 5801. Risk band C

This Hampshire business has been running since 2005 and is being placed into insolvent liquidation.

Engineer. Loan 17506. Risk band A

This Hampshire business was established in 1992 and has become unresponsive after missing repayments.

Training company. Loan 3618. Risk band A

This Ayrshire business has been running since 2007 and is four months in arrears.

Builder. Loan 12382. Risk band A

This Somerset business was established in 2010 and is being placed into insolvent liquidation.

Garden centre. Loan 15131. Risk band E

This Gloucestershire business has been running since 2012 and has ceased trading.

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

 

2 thoughts on “Did you help 167 businesses access finance last week? | Weekly Lending Review

  1. The title states funding circle helped 167 businesses access funding last week. But only 46 new loans were added. I notice a similar pattern each week. Can you explain the disparity?

    Thanks

    Dale

    • Ok… I get it. 46 is the currently open loans, which tend to get filled in a day or two. 167 was over a 7 day period.

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