What a month! | Weekly Lending Review

Week 47: 21 – 25 November

You and other investors lent a sensational £112.9 million to more than 1,500 UK businesses in November. Reaching £100 million lent in one month is a huge milestone for the Funding Circle community as we strive to help even more small businesses access simple and affordable finance. Thank you for your continued support.

New loans available to you

There are currently 12 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 also a record-breaking £28,019,800, averaging at £76,053 per loan. The largest loan value was £511,680 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 47 yield

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

Number of listed loans per week

WLR 47 loans listed

Listed loan value per week

WLR 47 loan value

Total amount lent

WLR 47 amount lent

Loan parts available to buy from other investors

WLR 47 loan parts

Loans defaulted last week

Agricultural merchant. Loan 5637. Risk band B

This County Down business was established in 2006 and has been placed into insolvent liquidation.

Film producers. Loan 9841. Risk band B

This Somerset business has been running since 2012 and has become unresponsive after missing repayments.

Caterers. Loan 13262. Risk band C

This London business was established in 2011 and is 3 months in arrears.

Electrical contractors. Loan 9529. Risk band D

This Tyne and Wear business is 3 months in arrears.

Advertising suppliers. Loan 16172. Risk band B

This London business has been running since 2004 and is 2 months in arrears.

Technology specialist. Loan 10627. Risk band A

This London business was established in 2007 and is 3 months in arrears.

Lighting specialist. Loan 20701. Risk band E

This Hertfordshire business has been running since 1995 and was placed into administration in October 2016.

Consultancy. Loan 24571. Risk band A

This Middlesex business was established in 2011 and requested voluntary dissolution in September 2016.

Hauliers. Loan 8295. Risk band C

This West Midlands business has been running since 2005 and is 3 months in arrears.

Electrics supplier. Loan 21715. Risk band A

This West Glamorgan business has was established in 2007 and is being placed into insolvent liquidation.

Coffee shop. Loan 21918. Risk band A

This Hertfordshire business has been running since 2001 and has proposed a Company Voluntary Arrangement.

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

Rob McCorquodale