We’re on hand to help | Weekly Lending Review
Week 6: 6 – 10 February
If you have any questions about your account our dedicated team are here to help. Whether you normally speak to Sophie, Fran, Hannah or Daisy, meet your Investor Support team and find out what they get up to each day.
New loans available to you
Last week, the total value of new loans listed on the marketplace was £25,788,400, averaging at £65,452 per loan. The largest loan value was £494,540 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.
Business loans available to bid on:
- To buy new equipment, a tool hire specialist in London needs £206,000
- Heating system installer in Staffordshire is looking for £72,800 to expand
- Energy-saving supplier in Leicestershire needs £54,000 for working capital
- To purchase new vehicles, a kitchen specialist in Lancashire requires £25,875
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.
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.
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
In last month’s industry news, read how financial technology took centre stage at the recent G20 conference, with Bank of England Governor Mark Carney describing how “Consumers will get more choice, better-targeted services and keener pricing.”
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 9th February 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