Egg-cellent Easter treats & updated T&Cs | Weekly Lending Review
Week 12: 14 – 18 March
Looking for tasty Easter treats to spoil your friends and family? We’ve put together a list of egg-cellent gift ideas manufactured by Funding Circle borrowers across the UK, including milk chocolate mini eggs made in Preston and Easter hampers from Warwickshire.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £15,921,660 averaging at £68,146 per loan. The largest loan value was £452,180 and the smallest loan value was £5,220.
Business loans available to bid on:
- Property developer requires £153,380 to build 26 new homes in Luton
Gross interest rate 9.0%
- Pub in Birmingham is looking for £40,000 for refurbishment
Gross interest rate 11.9%
- Engineers in Scotland need £63,160 to expand
Gross interest rate 9.5%
- Hauliers in East Yorkshire require £25,500 to purchase an extra vehicle
Gross interest rate 11.9%
- Law firm in Middlesex is looking for £260,420 for working capital
Gross interest rate 14.1%
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: 14-Mar represents the week of 14th – 18th 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
Helping businesses finance more of their requirements
Since launching in 2010, we’ve extended the types of loans we offer to help more UK businesses access the finance they need to grow. This week we’re updating our Investor T&Cs to allow us to facilitate loans at different risk bands to the same borrower. Read more about the update on the blog, however there is nothing you need to do.
Loans defaulted last week
Fitness equipment specialist. Loan 12524. Risk band C
This Mid Glamorgan business has been running since 2012 and is 3 months in arrears.
Engineers. Loan 7030. Risk band B
This South Yorkshire business was established in 2003 and has proposed a Company Voluntary Arrangement.
Chauffeurs. Loan 14234. Risk band E
This London business has been running since 2012 and has become unresponsive after missing repayments.
Cinemas. Loan 11431. Risk band C
This Mid Glamorgan business was established in 2012 and has become unresponsive after missing repayments.
Marketing agency. Loan 5137. Risk band D
This Merseyside business has been running since 2010 and has been placed into liquidation.
IT services. Loan 3349. Risk band A+
This London business was established in 2006 and has become unresponsive after missing repayments.
Manufacturer. Loan 3905. Risk band D
This Powys business has been running since 2008 and is being placed into liquidation.
Estate agents. Loan 3617. Risk band B
This South Yorkshire business was established in 2006 and has become unresponsive after missing repayments.
Bike shop. Loan 11325. Risk band B
This Surrey business has been running since 2012 and has become unresponsive after missing repayments.
Construction product supplier. Loan 10938. Risk band B
This Worcestershire business was established in 2009 and has been placed into liquidation.
Recruitment agency. Loan 8127. Risk band B
This Greater Manchester business has been running since 2009 and has been placed into liquidation.
Stove specialist. Loan 13481. Risk band A
This West Yorkshire business was established in 2013 and has been placed into liquidation.
Dentist. Loan 11349. Risk band B
This West Midlands business has been running since 2011 and has become unresponsive after missing repayments.
Property refurbishment company. Loan 15406. Risk band B
This Surrey business was established in 2008 and has been placed into liquidation.
Lending to businesses can deliver attractive returns, while helping businesses access the finance they need to grow. However, from time-to-time some businesses will be unable to repay their loan, which is why lending a small amount to lots of different businesses is so important. Watch our 90 second diversification video below to find out more. Remember, by lending to businesses your capital is at risk.
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