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Week 31: 1 – 5 August
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £11,568,020 averaging at £69,902 per loan. The largest loan value was £461,540 and the smallest loan value was £5,000.
Business loans available to bid on:
- To expand their menswear range, a vintage shop in Bath is looking for £70,000
Gross interest rate 9.5%
- IT consultancy in Birmingham requires £254,780 to expand
Gross interest rate 8.3%
- Convenience store needs £50,000 to refit their shop and buy new equipment
Gross interest rate 9.5%
Loan parts available for you to buy:
- Care home in Gloucestershire is building 15 new assisted living apartments
Gross interest rate 7.0 – 8.2%
- Architects in Leicestershire are upgrading their software and recruiting new staff
Gross interest rate 8.6 – 9.5%
Gross interest rates are before fees and 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
No change following Bank of England rate decrease
Read our update following the Bank of England’s decision to cut interest rates last week.
Loans defaulted last week
Residential care home. Loan 4351. Risk band D
This Kent business was established in 2012 and is 4 months in arrears.
Car specialist. Loan 21130. Risk band A
This East Yorkshire business has been running since 2001 and is being placed into liquidation.
Events business. Loan 8825. Risk band B
This East Lothian business was established in 2010 and is being placed into liquidation.
Sports retailer. Loan 11835. Risk band D
This West Yorkshire business has been running since 2014 and has proposed an individual voluntary arrangement.
Catering company. Loan 12807. Risk band B
This Aberdeenshire business was established in 2002 and is being placed into insolvent liquidation.
Scaffolders. Loan 14176. Risk band B
This Hampshire business has been running since 1997 and was placed into administration in July.
Security services. Loan 4731. Risk band A
This Derbyshire business was established in 1991 and has ceased trading.
Commercial vehicle supplier. Loan 9813. Risk band C
This Essex business has been running since 2008 and was placed into liquidation in April.
Party planner. Loan 17573. Risk band E
This Leicestershire business was established in 2010 and has ceased trading.
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 below 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