Last chance to win £1,000 | Weekly Lending Review
Week 49: 5 – 9 December
Do you know a local business hero? Help them celebrate the festive season in style by entering our photo competition to win £1,000 or get ready for the big day with our Christmas essentials guide 2016.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £25,476,703, averaging at £67,347 per loan. The largest loan value was £555,240 and the smallest loan value was £5,000.
Business loans available to bid on:
- Opticians in Reading needs £77,740 to re-fit a new branch
Gross interest rate 7.0%
- To fund growth, a hauliers in Herefordshire is looking for £183,219
Gross interest rate 9.0%
- Family-run butchers in Northampton requires £371,405 to expand
Gross interest rate 7.5%
- Fabric producers in London need £109,603 to expand
Gross interest rate 7.5%
- To build 4 new homes in Cheshire, a property developer is looking for £111,140
Gross interest rate 8.0%
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
Loans defaulted last week
Manufacturer. Loan 8118. Risk band C
This Sheffield based business has been running since 2011 and has had cashflow issues.
Printers. Loan 5514. Risk band B
This Somerset based business was established in 2009 and is 3 months in arrears.
Restaurant. Loan 2045. Risk band C
This Sussex based business was established in 2001 and has been placed into liquidation.
Facilities management. Loan 23011. Risk band E
This Lancashire based business was established in 2003 and has proposed a company voluntary arrangement.
Construction company. Loan 16957. Risk band D
This London business was established in 2011 and is 3 months in arrears.
Solicitors. Loan 24242. Risk band A+
This Hampshire business was established in 2016 and has been placed into administration.
Restaurant. Loan 16207. Risk band B
This County Down business has been running since 2010 and has proposed a company voluntary arrangement.
School transportation. Loan 10744. Risk band C
This London business was established in 2006 and has ceased trading.
Smart home specialist. Loan 14049. Risk band B
This Hertfordshire based business was established in 2004 and has been placed into liquidation.
Benefits of diversification
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.
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