40% increase in profits for a Brighton business | Weekly Lending Review

Week 15: 4 – 8 April

Earlier this year we visited Brighton Holiday Homes, a holiday rental specialist and Funding Circle borrower, who represent a range of stylish yet affordable flats and houses across the vibrant city. Read the picture story to find out how your lending is helping the real economy in Brighton.

New loans available to you

There are currently 34 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 £14,505,840 averaging at £89,039 per loan. The largest loan value was £500,000 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: 4-Apr represents the week of 4th – 8th April.

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 15-16 yield

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

Number of listed loans per week

WLR 15-16 loans listed

Listed loan value per week

WLR 14-16 loan value

Total amount lent

WLR 14-16 amount lent

Loan parts available to buy from other investors

WLR 15-16 loan parts

News you should know

Investing in the Funding Circle SME Income Fund

The Funding Circle SME Income Fund, which launched in November 2015, gives shareholders access to a diverse range of loans across the Funding Circle marketplace in the UK, USA, Germany, Spain and the Netherlands. Find out more about the Fund and how it works on the blog.

Our spring promotion is here!

Spring has sprung at Funding Circle and to celebrate, we’re running a tablet promotion for all investors. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details about how to qualify.

Loans defaulted last week

Boat yard. Loan 1747. Risk band B

This Essex business was established in 1995 and has ceased trading.

Communications agency. Loan 2648. Risk band A

This Nottinghamshire business has been running since 2006 and is 3 months in arrears.

Furniture manufacturer. Loan 2965. Risk band C

This Warwickshire business was established in 2002 and was placed into liquidation in March 2016.

Car retailer. Loan 7850. Risk band C

This Nottinghamshire business has been running since 2014 and is 3 months in arrears.

Sash window manufacturer. Loan 10639. Risk band A

This Glasgow business was established in 2003 and was placed into liquidation in January 2016.

Construction specialist. Loan 16537. Risk band A+

This Hertfordshire business has been running since 2012 and was placed into liquidation in January 2016.

Bath supplier. Loan 18656. Risk band D

This Hertfordshire business was established in 2006 and has become unresponsive after missing repayments.

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

 

*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

Rob McCorquodale