Your last minute stocking fillers sorted | Weekly Lending Review

Week 50: 12 – 16 December

In the run up to December 25th we’ve been showcasing presents, food, drinks and decorations from Funding Circle borrowers. This week we’ve put together a list of last minute stocking fillers to help make your Christmas extra special.

This will be the last weekly lending review of 2016: we’ll be back in touch in the week commencing 3rd January. We hope you all have a nice break!

New loans available to you

There are currently 10 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 £25,184,678, averaging at £76,895 per loan. The largest loan value was £555,240 and the smallest loan value was £5,100.

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 50 - yield

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

Number of listed loans per week

 WLR 50 loans listed

Listed loan value per week

 WLR 50 loan value

Total amount lent

 WLR 50 amount lent

Loan parts available to buy from other investors

 WLR 50 loan parts

Loans defaulted last week

Meat wholesaler. Loan 25031. Risk band B

This London business was established in 2012 and a petition has been registered.

Plant hire. Loan 4157. Risk band A+

This Ayrshire business has been running since 2006 and has been placed into liquidation.

Car showroom. Loan 8016. Risk band D

This South Yorkshire business was established in 2002 and is three months in arrears.

Pub. Loan 10516. Risk band D

This Cheshire business has been running since 2015 and is four months in arrears.

Builders. Loan 8610. Risk band D

This Somerset business was established in 2009 and has ceased trading.

Care Home. Loan 2380. Risk band A

This Lancashire business was established in 2005 and is three months in arrears.

Management consultants. Loan 4244. Risk band B

This Lancashire business has been running since 2005 and is four months in arrears.

Pet shop. Loan 7932. Risk band D

This West Midlands business was established in 1995 and has become unresponsive after missing repayments.

Designers. Loan 17753. Risk band E

This Somerset business has been running since 2003 and is three months in arrears.

Skip hire. Loan 12628. Risk band C

This North Wales business is three months in arrears.

Machinery suppliers. Loan 7257. Risk band C

This South Yorkshire business was established in 2010 and are three months in arrears.

Property developers. Loan 25075. Risk band A+

This Lancashire business was established in 2010 and has become unresponsive after missing repayments.

Construction company. Loan 26857. Risk band D

This Monmouthshire business was established in 2013 and has ceased trading.

Property maintenance contractor. Loan 20845. Risk band D

This Monmouthshire business was established in 2013 and has ceased trading.

Restaurant. Loan 5742. Risk band D

This Cheshire business was established in 2010 and has been dissolved.

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