Week 22: 23 – 27 May
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £13,940,580 averaging at £85,191 per loan. The largest loan value was £511,640 and the smallest loan value was £5,000.
Business loans available to bid on:
- Hydraulic engineering company in Norfolk needs £208,340 for working capital
Gross interest rate 8.3%
- Event production specialist requires £40,000 to upgrade their sound equipment
Gross interest rate 9.5%
Loan parts available for you to buy:
- Car repair company in London took out a loan to buy a new spray booth oven
Gross interest rate 7.6%
- Hair and beauty product distributor in Northern Ireland is expanding
Gross interest rates from 10.7 – 12.8%
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: 23-May represents the week of 23rd – 27th May.
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
Last week, we visited Funding Circle borrower Anorak Press, an independent kids publishing house, to film our latest case study. Keep an eye out on the blog for the video coming soon!
You can view our other case studies and meet the business owners you’ve helped access finance on the blog.
Would you be happy to provide a testimonial about your experience of Funding Circle? Provide feedback in just a couple of minutes.
Loans defaulted last week
Locksmith. Loan 5025. Risk band A
This Radnorshire business has been running since 2009 and is 3 months in arrears.
Steel building manufacturer. Loan 14560. Risk band E
This Devon business was established in 2010 and was placed into liquidation in October.
Printers. Loan 14824. Risk band C
This Hampshire business has been running since 1998 and was placed into administration in April.
Grocery store. Loan 15077. Risk band B
This London business was established in 2012 and has become unresponsive after missing repayments.
Factory. Loan 13341. Risk band C
This West Midlands business has been running since 1992 and was placed into liquidation in April.
Country house hotel. Loan 17391. Risk band B
This Cumbria business has been running since 2014 and is 3 months in arrears.
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