Thousands of businesses for you to lend to | Weekly Lending Review

Week 48: 28 November – 2 December

Last week, you and other investors lent £31 million to over 400 UK businesses, and there are thousands of loan parts available for you to buy today. Transfer funds into your account and start lending to businesses today.

New loans available to you

There are currently 14 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 £21,963,940, averaging at £74,220 per loan. The largest loan value was £473,540 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 48 yield

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

Number of listed loans per week

WLR 48 loans listed

Listed loan value per week

WLR 48 loan value

Total amount lent

WLR 48 Amount lent

Loan parts available to buy from other investors

WLR 48 loan parts

News you should know

There’s just a few days left to vote in Altfi’s 2016 People’s Choice Award. It only takes a couple of minutes and we’d really appreciate your vote!

Loans defaulted last week

Events company. Loan 12538. Risk band A

This Sussex business has been running since 2003 and was placed into insolvent liquidation in February.

Supply chain management. Loan 12841. Risk band D

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

Aluminium specialist. Loan 8846. Risk band B

This West Sussex business has been running since 2010 and is being placed into insolvent liquidation.

Engineers. Loan 17288. Risk band C

This West Midlands business was established in 1992 and is being placed into insolvent liquidation.

Car specialist. Loan 20245. Risk band D

This Middlesex business has been running since 2007 and is being placed into insolvent liquidation.

Restaurant. Loan 3594. Risk band B

This Lancashire business was established in 2001 and is 3 months in arrears.

Luxury fashion house. Loan 19252. Risk band A

This London business has been running since 2005 and was placed into insolvent liquidation in November.

Management consultancy. Loan 3890. Risk band D

This Bristol business was established in 2010 and is 3 months in arrears.

Gas and electrical specialists. Loan 24435. Risk band E

This Yorkshire business has been running since 2013 and has become unresponsive after missing repayments.

Graphic designers. Loan 25077. Risk band A

This Gloucestershire business was established in 2001 and is being placed into insolvent liquidation.

Restaurant. Loan 20753. Risk band D

This Bristol business has been running since 2007 and is being placed into insolvent liquidation.

Meat supplier. Loan 15355. Risk band C

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

Marketing agency. Loan 8765. Risk band A

This Hampshire business has been running since 2010 and has requested voluntary dissolution.

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