Record lending week & The Sunday Times 100 Best Companies | Weekly Lending Review
Week 9: 22 – 26 February
We’re really pleased to have made it onto The Sunday Times 100 Best Companies to work for list for the second year running! Do you have friends or family who’d like to work at Funding Circle? You can see a list of our current vacancies here.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £15,452,380 averaging at £80,502 per loan. The largest loan value was £509,260 and the smallest loan value was £5,000.
Business loans available to bid on:
- Property developer requires £307,600 to support further acquisitions
Gross interest rate 8.0%
- Publisher in London needs £52,640 to purchase a magazine
Gross interest rate 9.5%
- Window manufacturer is looking for £105,280 for working capital
Gross interest rate 11.9%
- Jeweller in Worcester requires £63,160 to invest in technology
Gross interest rate 9.5%
- UK container hauliers need £271,740 to fund expansion
Gross interest rate 8.3%
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: 22-Feb represents the week of 22nd – 26th 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.
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
We’ve made some minor wording changes to our T&Cs for investors (specifically clauses 1.1, 1.2 and 5.1), to clarify the contractual relationship between each investor and the borrower when a loan is made. Please view our updated terms and conditions, or contact a member of our customer relations team if you have any questions.
Loans defaulted last week
Air conditioning specialist. Loan 7339. Risk band C
This Surrey business was established in 2007 and was placed into liquidation in January.
Motorhome showroom. Loan 10058. Risk band C
This Swansea business has been running since 2007 and is being placed into creditors’ voluntary liquidation.
Training company. Loan 7705. Risk band B
This Glamorgan business was established in 2010 and are proposing a company voluntary agreement.
Meat wholesaler. Loan 2751. Risk band B
This Manchester business has been running since 2005 and was placed into administration in December.
Street lighting installer. Loan 5339. Risk band A
This Kent business was established in 2010 and has become unresponsive after missing repayments.
Mechanic. Loan 13688. Risk band D
This Swansea business has been running since 2011 and was placed into creditors’ voluntary liquidation in December.
Motor bike saleroom. Loan 5679. Risk band B
This Lancashire business was established in 2010 and has become unresponsive after missing repayments.
Solicitor. Loan 3522. Risk band A
This Tyne and Wear business has been running since 2010 and has become unresponsive after missing repayments.
Solicitor. Loan 6817. Risk band D
This Lanarkshire business was established in 2014 and is three months in arrears.
Baking and party suppliers. Loan 13605. Risk band A
This Ayrshire business has been running since 2010 and was placed into liquidation in December.
Wood burning stove installer. Loan 13614. Risk band C
This North Yorkshire business was established in 2012 and was placed into liquidation in January.
Print company. Loan 14987. Risk band D
This Surrey business has been running since 2006 and is being placed in creditors’ voluntary liquidation.
Mechanic. Loan 9018. Risk band D
This Dorset business was established in 2014 and is three months in arrears.
Clothing manufacturer. Loan 14625. Risk band A
This West Midlands business has been running since 1993 and was placed into administration in February.
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 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