What a fantastic few weeks! | Weekly Lending Review
Week 33: 15 – 19 August
What a fantastic few weeks in Rio! As the Team GB Olympians touch down after a record breaking two weeks, we’ve been inspired to keep active this summer with these 5 tip-top Funding Circle businesses.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £15,783,260 averaging at £75,343 per loan. The largest loan value was £477,240 and the smallest loan value was £5,000.
Business loans available to bid on:
- Family-run motor trading business in Surrey needs £150,000 for working capital
Gross interest rate 9.5%
- To refit their showroom, an upholstery business in Staffordshire requires £51,560
Gross interest rate 8.0%
- Marketing agency is looking for £206,200 to help with liquidity
Gross interest rate 9.0%
- To expand, a residential care home requires £105,280
Gross interest rate 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
Loan parts available to buy from other investors
Loans defaulted last week
Computer games software. Loan 21256. Risk band A
This East Sussex has been running since 2003 and has become unresponsive after missing repayments.
Engineers. Loan 14966. Risk band D
This Northamptonshire business was established in 2011 and was placed into administration in August 2016.
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