Amour, liebe, love… | Weekly Lending Review
Week 4: 23 – 27 January
As we roll into February, New Year’s resolutions behind us and scoffing chocolate very much on the agenda for February 14th, we’ve put together a 6-step guide to help you make Valentine’s day extra special for your loved ones this year. All the businesses featured have been able to thrive thanks to your lending.
Record amount of new loans available to you
Last week, there was a record value of £30,784,970 new loans listed on the marketplace, averaging at £71,344 per loan. The largest loan value was £446,480 and the smallest loan value was £5,150. There are also thousands of loan parts available for you to buy which will help you become diversified.
How to make the most of your investment
To help you earn a more stable return and make the most of your investment at Funding Circle, spread your lending across hundreds of businesses so you’re only lending a small amount to each one. Watch our 90 second video below to find out more about diversification at Funding Circle.
Business loans available to bid on:
- To buy stock, an online cosmetic retailer in Greater Manchester needs £105,000
- Fire and security system specialist is looking for £50,404 for working capital
- Catering company in London requires £202,881 to buy a new lorry
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
News you should know
Following a recent review of our property loan offering, we‘re increasing the interest rate on certain property loans and will begin to list some loans at a higher risk band than A+ or A. You can read more about this change on the blog.
Loans defaulted last week
Each week, we publish a list of the loans being defaulted on the Customer support section of our website under ‘Announcements.’ To see a breakdown of the loans defaulted last week simply click on loans defaulted 26th January 2017. For further information on why Funding Circle defaults loans you can read our FAQ here.
Our collection and recoveries team are working to recover the outstanding amounts and will provide updates in the loan comments section on your summary page. You can also read more about how our collections and recoveries process works (part one and part two) on our blog.
Enjoy lending, the Funding Circle team