Fun in the sun with a perfect picnic | Weekly Lending Review

Week 30: 25 – 29 July

It’s August, there’s a bank holiday coming up and the sun is sporadically shining! Whether you’re a seasoned picnic-goer or a novice aiming for picnic perfection, we’ve put together a list of 6 Funding Circle businesses to help you impress your friends and family, while supporting small British businesses this summer.

New loans available to you

There are currently 11 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 £14,374,320 averaging at £70,359 per loan. The largest loan value was £406,320 and the smallest loan value was £5,000.

Business loans available to bid on:

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)

WLR 30-16 yield

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

 

Number of listed loans per week

WLR 30-16 loans listed

Listed loan value per week

WLR 30-16 loan value

Total amount lent

WLR 30-16 Amount lent

Loan parts available to buy from other investors

WLR 30-16 loan parts

Loans defaulted last week

Tanning salon. Loan 3950. Risk band A

This Greater Manchester business has been running since 1996 and is being placed into insolvent liquidation.

Chilli supplier. Loan 16617. Risk band E

This Staffordshire business was established in 2011 and is being placed into insolvent liquidation.

Builders. Loan 19392. Risk band B

This Hampshire business has been running since 2012 and is being placed into insolvent liquidation.

Printers. Loan 11354. Risk band C

This South Yorkshire business was established in 2010 and is being placed into insolvent liquidation.

TV advert producer. Loan 8588. Risk band C

This London business has been running since 2000 and is being placed into insolvent liquidation.

Jeweller. Loan 15132. Risk band B

This East Yorkshire business was established in 2005 and was placed into administration in July.

Aluminium specialist. Loan 7814. Risk band A+

This Mid Glamorgan business has been running since 2001 and is being placed into insolvent liquidation.

Live-in guardians. Loan 18409. Risk band B

This Worcestershire business was established in 2009 and is being placed into insolvent liquidation.

IT services. Loan 9543. Risk band A+

This Nottinghamshire business has been running since 1999 and is being placed into insolvent liquidation.

Games manufacturer. Loan 12387. Risk band C

This East Sussex business was established in 2003 and has become unresponsive after missing payments.

Online retailer. Loan 3488. Risk band C

This Northumberland business has been running since 2011 and is being placed into insolvent liquidation.

Printers. Loan 19303. Risk band A

This Gwent business was established in 1986 and is being placed into insolvent liquidation.

Survey specialists. Loan 4780. Risk band C

This Surrey business has been running since 1999 and was placed into liquidation in June.

Food wholesaler. Loan 6446. Risk band B

This London business was established in 2003 and is being placed into insolvent liquidation.

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

Rob McCorquodale

 

One thought on “Fun in the sun with a perfect picnic | Weekly Lending Review

  1. Shame to see so few E band loans. These were by far most successful for income against losses, which were zero.

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