How Andy turned his passion into a successful career | Weekly Lending Review
Week 3: 16 – 20 January
To help his business expand, motorbike specialist Andy borrowed £167,000. Find out about Andy’s passion for bikes and how investors, like you, have helped him triple turnover and hire 10 new members of staff in this short video.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £29,189,674, averaging at £71,230 per loan. The largest loan value was £490,000 and the smallest loan value was £5,125.
Business loans available to bid on:
- To build 4 new homes in London, a property developer is looking for £74,220
Gross interest rate 8.0%
- Shop in Manchester needs £18,909 to expand
Gross interest rate 8.5%
- To produce an extra edition per month, magazine publisher requires £81,750
Gross interest rate 6.5%
- Property refurbishment specialist needs £51,750 for working capital
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 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
Guitar shop. Loan 6134. Risk band B
This Devon business was established in 2006 and has convened a meeting of their creditors.
Digital marketing agency. Loan 26170. Risk band B
This Oxfordshire business has been running since 2009 and is entering insolvency.
Car showroom. Loan 19938. Risk band C
This Yorkshire business was established in 2016 and has proposed an individual voluntary arrangement.
Catering suppliers. Loan 8172. Risk band C
This Cambridgeshire business has been running since 2007 and is 3 months in arrears.
Property maintenance business. Loan 14542. Risk band A
This Middlesex business was established in 2012 and has breached their payment plan.
Marketing agency. Loan 15067. Risk band B
This Tyne and Wear business has been running since 2007 and will shortly become 90 days late.
Farm. Loan 11030. Risk band B
This County Armagh business has failed to make agreed repayments.
Railway specialist. Loan 4476. Risk band B
This Worcestershire business has been running since 2006 and is 90 days in arrears.
Marketing agency. Loan 24582. Risk band C
This Essex business was established in 2013 and has ceased trading.
Construction company. Loan 18794. Risk band B
This Derbyshire business has been running since 2010 and has appointed a liquidator.
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