171 UK businesses access finance | Weekly Lending Review

Week 21: 16 – 20 May

Last week, you and other investors helped 171 businesses across the UK access £13.8 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 22 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 £11,876,840 averaging at £83,533 per loan. The largest loan value was £527,460 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: 16-May represents the week of 16th – 20th 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.

Weekly average gross yield (2 weeks rolling)
Yield WLR 21-16

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

Number of listed loans per week

Loans listed 21-16

Listed loan value per week

Loan value 21-16

Total amount lent

Amount lent 21-16

Loan parts available to buy from other investors

Loan parts 21-16

Stay with a Funding Circle borrower this bank holiday weekend

Looking to get away this bank holiday weekend? We’ve put together a list of 5 fantastic weekend retreats with Funding Circle borrowers so you can support small businesses while having a great weekend away!

Loans defaulted last week

Manufacturer. Loan 9691. Risk band C

This Kent business has been running since 2006 and was placed into liquidation in May.

Electrical contractor. Loan 10575. Risk band C

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

Stone masonry. Loan 9343. Risk band A

This Glasgow business has been running since 2008 and has become unresponsive after missing repayments.

Engineers. Loan 12635. Risk band D

This West Midlands business was established in 2002 and is 3 months in arrears.

Training specialist. Loan 5063. Risk band A

This London business has been running since 1997 and is 4 months in arrears.

Paint supplier. Loan 6067. Risk band A

This Kent business was established in 2003 and was placed into liquidation in April.

Head hunter. Loan 13303. Risk band C

This Hertfordshire business has been running since 2012 and is in the process of entering liquidation.

Building company. Loan 16162. Risk band B

This Greater Manchester business was established in 1980 and was placed into liquidation in May.

Vehicle accessories supplier. Loan 16400. Risk band C

This Devon business has been running since 2009 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

Rob McCorquodale