Week 25: 20 – 24 June
As you know, last week the UK voted to leave the European Union and we wanted to reassure you about your investment at Funding Circle. There are currently no planned changes to Funding Circle’s day to day operations and the way you lend to small businesses through the marketplace. You can read more in the Funding Circle update on the EU Referendum.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £8,307,660 averaging at £69,994.42 per loan. The largest loan value was £440,480 and the smallest loan value was £5,000.
Business loans available to bid on:
- Medical training business in Nottinghamshire needs £42,560 to expand
Gross interest rate 10.6%
- Digital agency in Wiltshire requires £50,000 to help with cashflow
Gross interest rate 9.5%
- Kennels in Buckinghamshire is looking for £53,200 to open a training facility
Gross interest rate 9.5%
- Jeweller in Northamptonshire requires £60,000 to increase product range
Gross interest rate 9.2%
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 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
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Loans defaulted last week
Painter. Loan 4638. Risk band B
This Gloucestershire business was established in 1999 and is in the process of proposing a Company Voluntary Arrangement.
Accountant. Loan 9427. Risk band A
This East Sussex business has been running since 2000 and was placed into administration in May 2016.
Transport business. Loan 5822. Risk band C
This Staffordshire business was established in 2009 and was placed into liquidation in May 2016.
Professional services agency. Loan 10016. Risk band A+
This London business has been running since 2000 and has breached their loan contract.
Chocolate making studio. Loan 12809. Risk band C
This Lancashire business was established in 2011 and has ceased trading.
Adult education business. Loan 9740. Risk band D
This Warwickshire business has been running since 2005 and was placed into liquidation in June 2016.
Fast food franchise. Loan 2738. Risk band C
This Bedfordshire business was established in 2007 and a petition was registered against the borrower in January 2016.
Training provider. Loan 10024. Risk band A
This Nottinghamshire business has been running since 2000 and was placed into administration in May 2016.
Blind manufacturer. Loan 7088. Risk band C
This Lincolnshire business was established in 2009 and was placed into liquidation in May 2016.
Video production company. Loan 185119. Risk band B
This Glasgow business has been running since 2000 and has proposed a Debt Arrangement Scheme.
Tea & coffee merchant. Loan 16949. Risk band C
This Buckinghamshire business was established in 2005 and was placed into liquidation in March 2016.
Restaurant. Loan 18264. Risk band D
This Yorkshire business has been running since 2010 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