Your October Review – Insight and Analysis

Your October Review
Last month Funding Circle investors, like you, lent over £100 million to UK businesses to help them grow and develop. Dive in below for your monthly analysis.

We’re excited to be shortlisted for the Moneyfacts Consumer Awards. If you’ve received great service from Tom, Sophie, Fran or any of the Funding Circle team, please vote for us.

September lending figures
Last month, you and other investors helped businesses to take new opportunities, create new jobs and drive energy into the UK economy — thank you for your continued support!

October stats

September industry news

Thanks to investors, last year over £1 billion was lent to 10,000 businesses through Funding Circle, helping to create 25,000 new jobs. CEO and co-founder Samir Desai discusses our growth and future plans. Read about this and much more in last month’s Industry news.

Monthly trends
These graphs show the most recent activity on our platform.

You’ve helped more than 8,300 small businesses access finance in the last 6 months…
October volume of loans

Totalling over £589 million lent

October value of loans

September 2017 sector breakdown

Amount lent to each sector

October sector

September 2017 regional breakdown

Amount lent to each UK region
October region

As part of lending to businesses, a small percentage will not be able to fully repay their loan. This is known as bad debt and is a normal part of business lending. We believe diversification, where you lend no more than 1% of your total to each business, is the best way to reduce the impact this has on your return. Our automatic lending tool will help you diversify by splitting your investment across lots of businesses. We recommend lending £2,000 or more, so you can lend to 100+ businesses, with no more than 1% going to each one.  

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 28th September 2017.  For further information on why Funding Circle defaults loans you can read our FAQ here.

Collections and recoveries

How it works

You can also read more about how our collections and recoveries process works (part one and part two) on our blog.

Up next in October, we’ll be looking at the impact your lending is having on the UK economy and bringing to life some of the businesses you’ve helped access finance.

As always, if you have any questions or comments our dedicated team are here to help. And if you have any further suggestions we’d love to hear them.

Enjoy lending, the Funding Circle team

*Data from CEBR report

This blog is a general summary, and should not replace financial advice tailored to your specific circumstances. Funding Circle is not authorised to, and does not, provide investment, tax, legal or regulatory advice. If you have any questions, please speak to your professional advisor or seek independent specialist advice.

Rob McCorquodale